Markets Live: ASX lifts for the week
Shares end the week higher despite a sharp fall on Friday, amid more losses in the heavyweight banks and a torrid week for retail stocks.
Shares end the week higher despite a sharp fall on Friday, amid more losses in the heavyweight banks and a torrid week for retail stocks.
The severe pressure on retail stocks will ramp up again this week as retail sales come in the spotlight.
Local shares are poised to open slightly higher, though brokers will be on the sidelines in China, the UK and the US.
US stocks limped into the weekend on a sluggish final day of trading, while the US dollar fluctuated with oil.
The sharemarket narrowed its weekly gain on Friday, with most sectors trading in the black over the five sessions.
SurfStitch has asked for its shares to be suspended from trade after the troubled online sports retailer was hit by a shareholder class action of as much as $100 million.
The ASX is set to open flat, even after Wall Street rallied, as a slump in the oil price is putting pressure on commodity currencies such as the Aussie dollar.
Stubbornly low Treasury yields are spurring Wall Street to slash forecasts, regardless of the Fed's next rate move.
Production cuts were formally extended, though there appear to be more downside risks for the price of oil.
The sharemarket recouped early losses on Thursday, as gains in resource stocks offset a terrible session for retailers.
Investors face deteriorating returns should restrictive immigration policy curb population growth.
As OPEC appears posed to extend production cuts into 2018, the equity strategists at Deutsche Bank have highlighted the opportunities.
The euro surged more than 1 per cent v the $US, to its highest level since Donald Trump was elected US president in November.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7448 | 0.7446 | -0.0006fall | -0.08% fall |
AUD/EUR | 0.6661 | 0.6655 | -0.0003fall | -0.05% fall |
Updated: May 27, 2017 - 7:00AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,402,042,959 | 1,443,607,540 | 1,073,939 |
Industrial | 4,151,914,348 | 694,748,513 | 889,579 |
Mining | 1,227,587,451 | 748,475,701 | 180,682 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
BDI | BLINA MINERALS NL | 0.002rise | 0.001 | 0.002 |
AYH | AMYF TWO LTD | 1.800rise | 1.400 | 1.168 |
AFR | AFRICAN ENERGY RES | 0.076rise | 0.061 | 0.053 |
AIV | ACTIVEX LIMITED | 0.140rise | 0.120 | 0.120 |
FSG | FIELD SOLU HLDGS LTD | 0.044rise | 0.039 | 0.002 |
ITL | INTEGRATED MEDIA | 6.120rise | 5.600 | 6.000 |
SGM | SIMS METAL MGMT LTD | 13.850rise | 12.710 | 12.790 |
ILU | ILUKA RESOURCES | 9.335rise | 8.660 | 9.000 |
ALL | ARISTOCRAT LEISURE | 21.780rise | 20.300 | 19.880 |
BRI | BIG RIV INDUST LTD | 1.810rise | 1.700 | 0.000 |
Updated: May 26, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
VIP | VOLTAGE IP LIMITED | 0.060fall | 0.120 | 0.080 |
AOW | AMERICAN PATRIOT OIL | 0.014fall | 0.027 | 0.027 |
CGO | CPT GLOBAL LIMITED | 0.110fall | 0.170 | 0.160 |
AHX | APIAM ANIMAL HEALTH | 0.785fall | 1.200 | 1.100 |
ADY | ADMIRALTY RESOURCES. | 0.005fall | 0.007 | 0.008 |
FOD | THE FOOD REVOLUTION | 0.040fall | 0.056 | 0.058 |
BIT | BIOTRON LIMITED | 0.023fall | 0.032 | 0.034 |
TEN | TEN NETWORK HOLDINGS | 0.155fall | 0.205 | 0.265 |
RAN | RANGE INTERNATIONAL | 0.385fall | 0.505 | 0.420 |
MAG | MAGMATIC RESRCE LTD | 0.150fall | 0.195 | 0.000 |
Updated: May 26, 2017 - 6:50PM |
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 |
Oliver's Real Food Limited | OLI | 14/06/2017 | 0.30 |
WAM Microcap Limited | WMI | 28/06/2017 | 1.10 |
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