Business

Movers

Markets Live: Banks drag ASX down

US shares set the market up for a positive session.

The ASX ends on a weak note as the big banks weigh on the market in the final days of earnings season, while Qantas shares lose some of their altitude on a broker downgrade.

8@eight: $A heading for US80c

Investors are playing it safe.

The ASX is set to start the day in positive territory while the greenback weakness has the Aussie dollar heading towards US80c.

ASX heads south as banks weigh

The ASX had a poor start to the week as earnings season winds down.

More bad news for CBA shareholders and a broker downgrade to Qantas weighed on shares in the final days of earnings season.

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The S&P/ASX 200 index inched 2 points lower on Friday to 5744, which brought the week's losses to 3 points.

Miners help prop up ASX

A relatively flat week on the ASX belied some dramatic moves as a busy five days of earnings results revealed some big winners and losers.

Currencies

Westpac's Imre Speizer expected the Australian dollar to find support around the 79 US cent mark on Monday.

$A lifts back above US79c

The Australian dollar is up sharply against its US counterpart amid a slight rebound in risk appetite following US President Donald Trump's firing of controversial adviser Steve Bannon.

Wholesale Interbank Rates
Currencies Buys ($AU1) Sells ($AU1) $ Mvmt % Mvmt
AUD/USD 0.7926 0.7925 -0.0037fall -0.46% fall
AUD/EUR 0.6622 0.6616 -0.0030fall -0.45% fall
Updated: August 29, 2017 - 8:20AM

Floats & IPOs

Upcoming IPOs
Company Security Code Float date Issue $
Fat Prophets Global Property Fund FPP 13/09/2017 1.10
The GO2 People Ltd GO2 22/09/2017 0.20
Mayur Resources Limited MRL 01/09/2017 0.40
MCP Master Income Trust MXT 09/10/2017 2.00
RightCrowd Limited RCW 18/09/2017 0.30
Registry Direct Limited RD1 16/10/2017 0.20
Riversgold Limited RGL 11/09/2017 0.20
Stirfire Limited SFS 29/09/2017 0.20
TNT Mines Limited TIN 01/09/2017 0.20
Titomic Limited TTT 13/09/2017 0.20
VGI Partners Global Investments Limited VG1 28/09/2017 2.00

ASX - 52 Weeks Highs

Code Name New Highs Last Week Last Month
LKO LAKES OIL NL 0.002rise 0.001 0.002
TEG TRIANGLE ENERGY LTD 0.135rise 0.089 0.070
HE8 HELIOS ENERGY LTD 0.025rise 0.018 0.012
DGO DGO GOLD LIMITED 0.700rise 0.550 0.235
MAR MALACHITE RESOURCES 0.005rise 0.004 0.004
AGY ARGOSY MINERALS LTD 0.170rise 0.150 0.086
RDM RED METAL LIMITED 0.220rise 0.195 0.145
GMV G MEDICAL 0.445rise 0.395 0.240
AIS AERIS RESOURCES LTD 0.069rise 0.062 0.058
RWC RELIANCE WORLDWIDE 3.780rise 3.400 3.510
Updated: August 28, 2017 - 6:50PM

ASX - 52 Weeks Lows

Code Name New Lows Last Week Last Month
MNS MAGNIS RESOURCE LTD 0.360fall 0.480 0.475
PAB PATRYS LIMITED 0.004fall 0.005 0.005
SP1 SEARCH PARTY GROUP 0.004fall 0.005 0.007
DMG DRAGON MOUNTAIN GOLD 0.008fall 0.010 0.009
BIT BIOTRON LIMITED 0.016fall 0.018 0.018
SMG SOON MINING 0.160fall 0.180 0.330
YPB YPB GROUP LTD 0.036fall 0.040 0.057
TPP TEMPO AUSTRALIA 0.165fall 0.180 0.175
KAS KASBAH RESOURCES 0.013fall 0.014 0.014
REG REGIS HEALTHCARE LTD 3.410fall 3.660 3.630
Updated: August 28, 2017 - 6:50PM