Business

Movers

8@eight: Focus on the Fed

Investors are playing it safe.

The ASX is set to rise at the open, with SPI futures pushing up a modest eight points overnight.

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My Chemist plans to start purchasing "certain products" from another wholesaler, triggering a legal battle with Sigma.

Sigma shares plunge on legal wrangle

Shares of Sigma Healthcare have plunged after the pharmaceutical company said it was planning legal action against the My Chemist/Chemist Warehouse Group over an alleged breach of a supply agreement.

The benchmark S&P/ASX 200 index and the broader All Ordinaries Index each closed 0.15 per cent higher.

ASX seesaws higher

The local sharemarket shrugged off a ratings downgrade to China and falling iron ore futures to push slightly higher on Wednesday.

Currencies

The euro also advanced against the Australian dollar, up 0.8 per cent to $US1.49246, near an eight-month high.

Euro nears 8-month high v $A

The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.7504 0.75 -0.0002fall -0.03% fall
AUD/EUR 0.6676 0.6672 -0.0014fall -0.21% fall
Updated: May 25, 2017 - 1:50PM

Market Details

Volatility S&P;/ASX 200 VIX
Price
11.93
Change in
-0.3410fall
Percentage up/down
(-2.78%) fall
Today's market compared to previous close
Turnover
Sector Turnover ($AU) Volume Trades
Market total 3,022,735,695 932,583,049 654,623
Industrial 2,486,537,858 426,321,110 539,339
Mining 478,072,156 505,682,497 110,584
Last updated: May 25, 2017 - 1:56PM

ASX - 52 Weeks Highs

Code Name New Highs Last Week Last Month
TAR TARUGA GOLD LTD 0.063rise 0.050 0.053
WOR WORLEYPARSONS LTD 12.705rise 11.370 11.860
NXT NEXTDC LIMITED 4.810rise 4.450 4.260
FSG FIELD SOLU HLDGS LTD 0.042rise 0.039 0.002
ILU ILUKA RESOURCES 9.270rise 8.660 9.000
BRI BIG RIV INDUST LTD 1.810rise 1.700 0.000
WTC WISETECH GLOBAL LTD 7.280rise 6.950 5.890
ABP ABACUS PROPERTY GRP. 3.540rise 3.430 3.485
GMG GOODMAN GROUP 8.590rise 8.440 8.350
GNC GRAINCORP LIMITED 10.480rise 10.340 9.080
Updated: May 25, 2017 - 1:56PM

ASX - 52 Weeks Lows

Code Name New Lows Last Week Last Month
FZR FITZROY RIVER CORP 0.090fall 0.160 0.150
SIG SIGMA HEALTH LTD 0.725fall 1.180 1.200
QIP QANTM INTELLECTUAL 1.100fall 1.690 1.800
ADY ADMIRALTY RESOURCES. 0.005fall 0.007 0.008
BIT BIOTRON LIMITED 0.023fall 0.032 0.034
CGO CPT GLOBAL LIMITED 0.130fall 0.170 0.160
OHE ORION HEALTH GRP 0.935fall 1.185 1.220
WCN WHITE CLIFF MIN LTD 0.004fall 0.005 0.006
BLK BLACKHAM RESOURCES 0.240fall 0.300 0.355
RAN RANGE INTERNATIONAL 0.410fall 0.505 0.420
Updated: May 25, 2017 - 1:56PM

Floats & IPOs

Upcoming IPOs
Company Security Code Float date Issue $
Alderan Resources Limited AL8 29/05/2017 0.20
Biomics Biopharma Limited BBM 02/06/2017 0.20
Bryah Resources Limited BYH 31/05/2017 0.20
Contango Global Growth Limited CQG 23/06/2017 1.10
Eagle Health Holdings Limited EHH 29/06/2017 0.40
Golden Mile Resources Ltd G88 29/05/2017 0.20
Imagion Biosystems Limited IBX 30/05/2017 0.20