Markets Live: Banks hit again
Investors ignored a solid overseas lead and resumed selling the big banks, as a 'risk-off' mood sends the ASX lower.
Investors ignored a solid overseas lead and resumed selling the big banks, as a 'risk-off' mood sends the ASX lower.
The funds management firm that sold everything citing a looming market correction was unprofitable as at November: analyst report.
More records on Wall St weren't enough to provide support to the local sharemarket, with the ASX diving sharply thanks to more losses from banks and miners.
Investors in Retail Food Group headed for the exits on Monday due to concerns about upcoming accounting changes.
Yield-hungry investors have poured into Sydney Airport, Transurban and APA Group, pushing those companies and many other "bond-proxy" stocks to all-time highs.
Global markets continue to push higher, but the ASX is poised for a fairly flat start to the week.
The Australian dollar has risen solidly and is comfortably back above US74¢ after a disappointing US jobs report hurt the greenback.
Slowing US jobs growth is unlikely to prevent the Fed from lifting rates this month but will keep markets guessing on future tightening.
Faltering domestic growth rather is likely to keep investors on their toes this week but fears of an impending sharp correction in the sharemarket seem overdone.
Uber is a technology company. It is also a transportation company. That may seem like a trivial distinction, but a lot is riding on it.
The US dollar fell as the latest jobs data offered a mix picture of the strength of the American labour market. $A +0.9%.
The greenback dropped to its lowest since early November, with the timing of US rate hikes beyond June in question.
The Australian dollar has risen solidly and is comfortably back above US74¢ after a disappointing US jobs report hurt the greenback.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.748 | 0.7478 | 0.0037rise | 0.50% rise |
AUD/EUR | 0.6649 | 0.6646 | 0.0066rise | 1.00% rise |
Updated: June 6, 2017 - 2:10AM |
Sector | Turnover ($AU) | Volume | Trades |
---|---|---|---|
Market total | 5,101,326,629 | 1,559,511,061 | 1,138,728 |
Industrial | 4,065,090,196 | 765,634,608 | 953,633 |
Mining | 1,021,456,369 | 793,652,815 | 182,184 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
BDI | BLINA MINERALS NL | 0.002rise | 0.001 | 0.002 |
LNY | LANEWAY RES LTD | 0.005rise | 0.004 | 0.004 |
OLH | OLDFIELDS HOLDINGS | 0.043rise | 0.040 | 0.040 |
ORI | ORICA LIMITED | 20.240rise | 19.760 | 19.770 |
TCL | TRANSURBAN GROUP | 12.890rise | 12.660 | 12.460 |
ELD | ELDERS LIMITED | 5.330rise | 5.240 | 5.190 |
FPH | FISHER & PAYKEL H. | 10.630rise | 10.480 | 10.260 |
SYD | SYD AIRPORT | 7.795rise | 7.695 | 7.490 |
FGG | FUTURE GLB INVEST CO | 1.090rise | 1.080 | 1.090 |
SVW | SEVEN GROUP HOLDINGS | 12.135rise | 12.035 | 11.800 |
Updated: June 5, 2017 - 6:50PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
PPY | PAPYRUS AUSTRALIA | 0.004fall | 0.005 | 0.004 |
SVT | SERVTECH GLOBAL LTD | 0.100fall | 0.120 | 0.110 |
NRT | NOVOGEN LIMITED | 0.037fall | 0.042 | 0.045 |
SYA | SAYONA MINING LTD | 0.015fall | 0.017 | 0.017 |
AUQ | ALARA RESOURCES LTD | 0.012fall | 0.013 | 0.012 |
OOK | OOKAMI LIMITED | 0.014fall | 0.015 | 0.014 |
MCT | METALICITY LIMITED | 0.038fall | 0.040 | 0.040 |
RWD | REWARD MINERALS LTD | 0.230fall | 0.240 | 0.230 |
NML | NAVARRE MINERALS LTD | 0.028fall | 0.029 | 0.030 |
ATS | AUSTRALIS OIL & GAS | 0.210fall | 0.215 | 0.220 |
Updated: June 5, 2017 - 6:50PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Alderan Resources Limited | AL8 | 09/06/2017 | 0.20 |
Australia WeTouch Technology Limited | AWT | 31/07/2017 | 0.40 |
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 |
Galena Mining Limited | G1A | 10/07/2017 | 0.20 |
Golden Mile Resources Ltd | G88 | 29/05/2017 | 0.20 |
Imagion Biosystems Limited | IBX | 30/05/2017 | 0.20 |
Kelly Partners Group Holdings Limited | KPG | 20/06/2017 | 1.00 |
Oliver's Real Food Limited | OLI | 14/06/2017 | 0.30 |
WAM Microcap Limited | WMI | 28/06/2017 | 1.10 |
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