Markets Live: ASX lifted by banks
The ASX edges higher, pulling off yesterday's seven-month low, as banks gain ground and Rio Tinto unveils a massive share buyback.
The ASX edges higher, pulling off yesterday's seven-month low, as banks gain ground and Rio Tinto unveils a massive share buyback.
The price for Australia's largest export is falling as the full extent of Chinese demand takes its toll on traders.
The Australian dollar has fallen more than 2 per cent in about a 24-hour period and downward momentum is accelerating.
The Australian sharemarket is poised to rebound at the open but it looks like a tough day ahead for the miners.
The ASX closed at its lowest since February and the Aussie dollar slumped after the Federal Reserve flagged an end to the easy money era.
The Australian dollar gave back all of its pre-US Federal Reserve decision gains, slumping lower still despite upbeat RBA comments.
Markets push higher late after the Fed's hawkish update, but the local sharemarket is set for a flattish start.
The Federal Reserve left its benchmark interest rate unchanged and said Wednesday that it would begin to withdraw some of the trillions of dollars that it invested in the US economy after the 2008 financial crisis.
​Troubled ASX-listed biotechnology group Sirtex has paid a penalty of $100,000 after allegedly breaching its continuous disclosure obligations to shareholders.
The ASX pulled off early lows to end the day marginally lower, as investors braced for the outcome of a highly-anticipated meeting of US monetary policy makers.
The Australian market is pricing in two rate hikes by the RBA over the next 12 months, despite the bank calling the top of the iron ore cycle.
Markets rocketed higher after the GFC as the US Fed unleashed quantitative easing, but now that's being reined in, markets are unlikely to slump.
The Australian dollar has fallen more than 2 per cent in about a 24-hour period and downward momentum is accelerating.
Currencies | Buys ($AU1) | Sells ($AU1) | $ Mvmt | % Mvmt |
---|---|---|---|---|
AUD/USD | 0.7925 | 0.7923 | -0.0008fall | -0.10% fall |
AUD/EUR | 0.6628 | 0.6625 | -0.0017fall | -0.26% fall |
Updated: September 22, 2017 - 2:40PM |
Company | Security Code | Float date | Issue $ |
---|---|---|---|
Australia WeTouch Technology Ltd | AWT | 0.40 | |
Biomics Biopharma Ltd | BBM | 0.20 | |
Bryah Resources Ltd | BYH | 0.20 | |
Doriemus PLC | DOR | 03/10/2017 | 0.26 |
Fat Prophets Global Property Fund | FPP | 04/10/2017 | 1.10 |
GEOOP Limited | GEO | 29/09/2017 | 0.00 |
The GO2 People Ltd | GO2 | 22/09/2017 | 0.20 |
HyGieaCare Inc. | HGC | 25/09/2017 | 0.40 |
India Fund Ltd | INF | 1.00 | |
Lustrum Minerals Ltd | LRM | 10/10/2017 | 0.20 |
Magellan Global Trust | MGG | 18/10/2017 | 1.50 |
MCP Master Income Trust | MXT | 09/10/2017 | 2.00 |
Nanollose Limited | NC6 | 10/11/2017 | 0.20 |
Okapi Resources Ltd | OKR | 0.20 | |
Prospech Ltd | PRS | 0.20 | |
Restaurant Brands New Zealand Ltd | RBD | 0.00 | |
Registry Direct Limited | RD1 | 16/10/2017 | 0.20 |
Riversgold Limited | RGL | 11/09/2017 | 0.20 |
Raptor Resources Ltd | RPL | 0.20 | |
Secure2Go Group Ltd | S2G | 0.30 |
Code | Name | New Highs | Last Week | Last Month |
---|---|---|---|---|
IVX | INVION LTD | 0.005rise | 0.002 | 0.003 |
EUC | EUROPEAN COBALT LTD | 0.145rise | 0.093 | 0.078 |
ANO | ADVANCED NANO TECH | 0.051rise | 0.040 | 0.033 |
CM8 | CROWD MOBILE LTD | 0.245rise | 0.195 | 0.205 |
XF1 | XREF LIMITED | 0.720rise | 0.585 | 0.665 |
MYE | MASTERMYNE GROUP LTD | 0.805rise | 0.655 | 0.560 |
MAR | MALACHITE RESOURCES | 0.006rise | 0.005 | 0.005 |
3DP | POINTERRA LIMITED | 0.042rise | 0.036 | 0.033 |
ZEN | ZENITH ENERGY LTD | 0.680rise | 0.605 | 0.535 |
GEM | G8 EDUCATION LIMITED | 4.210rise | 3.770 | 4.120 |
Updated: September 22, 2017 - 2:45PM |
Code | Name | New Lows | Last Week | Last Month |
---|---|---|---|---|
88E | 88 ENERGY LTD | 0.020fall | 0.031 | 0.029 |
IVO | INVIGOR GROUP LTD | 0.008fall | 0.010 | 0.010 |
DCL | DOMACOM LIMITED | 0.085fall | 0.100 | 0.090 |
DTS | DRAGONTAIL SYSTEMS | 0.180fall | 0.210 | 0.210 |
HAV | HAVILAH RESOURCES | 0.270fall | 0.315 | 0.300 |
PGY | PILOT ENERGY LTD | 0.045fall | 0.052 | 0.054 |
NTC | NETCOMM WIRELESS | 1.160fall | 1.325 | 1.390 |
HT1 | HT&E; LIMITED | 2.095fall | 2.280 | 2.210 |
XIP | XENITH IP GROUP LTD | 1.660fall | 1.760 | 1.860 |
VEE | VEEM LTD | 0.520fall | 0.550 | 0.560 |
Updated: September 22, 2017 - 2:45PM |
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