- The Australian market closed near day's lows and continued the recent sell-off to a fifth day. The benchmark S&P/ASX 200 index lost 39.4 points, or 0.8 per cent, to 5104.2, while the broader All Ordinaries fell 36.7 points, or 0.7 per cent, to 5109.5.
- Among the sectors, materials fell 1 per cent, financials dropped 0.8 per cent and industrials shed 0.9 per cent. Utilities bucked the trend, gaining 0.8 per cent.
- As told in early post, the Australian dollar is trading marginally in higher range today. Presently, it is trading at 91.29 US cents. Citing the Australian dollar strength, General Motors is going to stop its production in Australia by 2017.
ASX Share Tips
- The Australian market opened lower today and it lost 9.8 points, or 0.2 per cent, to 5133.8, while the broader All Ordinaries is down 8.7 points, or 0.2 per cent, to 5137.5. ASX 200 is on track for a fifth straight day of losses.
- Losses are being led by the materials sector, down 0.7 per cent, while financials are flat and consumer staples down 0.5 per cent.
- The Australian dollar (AUD) is continuously trading at a generally higher range today than over the past two days. The dollar was buying 91.31 US cents about 1:40 PM. It rose above 97 US cents in late October. Presently, it is trading at 91.33 US cents.
ASX 200 Tips
- The Australian market reversed the early gains and finish flat as QBE shares showed a slump. The benchmark S & P/ASX 200 index edged down 0.8 points, or 0.02 per cent, to 5143.6 as QBE Insurance Group led the falls for the second day in a row. The broader All Ordinaries index slipped 2.2 points to 5146.2.
- Qantas Airlines shares closed at its lowest level since 1995. The stock fell 3 per cent to 96.5 cents in Sydney, half a cent below its previous record low last June. It hit an all-time low of 95.5 cents during the session.
- The local dollar was buying US91.03¢, down from US91.04¢ at the previous close.
- Today's gainers and losers are as follows:
ASX 200 Tips
- Australian markets are losing onto early gains as huge sell-off is going in QBE shares. In opening session, the benchmark index S & P/ASX 200 opened higher by 17.5 points, or 0.3 per cent, at 5161.9, while the broader All Ordinaries opened up by 16.2 points, or 0.3 per cent, to 5164.6.
- Banking and mining shares performed well in morning session:
- ANZ: +0.9% at $31.02
- CBA: +0.6% at $75.32
- NAB: +0.7% at $33.42
- Westpac: +1% at $31.39
- BHP: +1.1% at $37.16
- Rio: +0.4% at $66.78
- The Australian dollar is going high and low from morning session. In morning session, the local currency (AUD) was trading close to its level in yesterday afternoon session. Presently, it is trading at 91.06 US cents.
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- Australian markets closed on a sharply negative after a positive start, extending last week's negative run. The benchmark S&P/ASX200 index lost 41.6 points, or 0.8 per cent, to 5144.4, while the broader All Ordinaries fell 37.6 points, or 0.7 per cent, to 5148.4.
- Among the sectors, financials plunged 1.4 per cent, led down by QBE which lost about one-fifth of its value after a profit warning. Materials slipped 0.2 per cent, while telcos rose 0.8 per cent.
- QBE lost more than one-fifth of its market value, plunging 21.7 per cent to $12.10 after forecasting a shock annual loss.
- Qantas closed below $1 for the first time in 17 months, falling another 3.4 per cent to 99.5 cents.
- Today's gainers and losers at ASX 200 are given below:
- Australian market is trading lower after a positive opening supported by a positive rally on Wall Street. The benchmark S&P/ASX 200 index was up 17.9 points, or 0.3 per cent, at 5203.9, while the broader All Ordinaries gained 17.1 points, or 0.3 per cent, to 5203.1. Materials once again outperformed, gained 0.9 per cent, while financials edge up 0.1 per cent.
- The Australian dollar fell to a new three-month low of 89.89 US cents early Saturday morning following a strong US jobs report, but rebounded quickly back above 90 US cents. Currently, it is trading at 91.08 US cents.
- This is how big banks are doing today:
- ANZ: -1.1% at $30.66
- CBA: -0.15% at $75.06
- NAB: -0.8% at $33.20
- Westpac: -0.6% at $31.31
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- The Australian markets saw a big sell-off to $20 billions as investors booked profits in banking shares and Qantas Airlines. The late-session sell-off, which was the biggest since early August, took the ASX 200 below 5200 points for the first time since mid-October.
- The benchmark S&P/ASX 200 plunged 75.8 points, or 1.4 per cent, to 5198.0, while the broader All Ordinaries lost 70.6 points, or 1.3 per cent, to 5196.9. Today's losses wiped about $20 billion off the market's losses.
- If we talk about blue chips, the banking shares took a big plunge today. Here's what happened with banking shares today:
- ANZ: -1.8%
- CBA: -1.7%
- NAB: -2.1%
- Westpac: -2.7%
- Not only the ASX 200 but regional markets are also trading weak amid growing worries that US Federal Reserve may begin winding up its US$85 billion a month stimulus as early as this month.
- Japan (Nikkei): -0.3%
- Hong Kong: -0.35%
- Shanghai: -0.2%
- Taiwan: -0.5%
- Korea: -0.3%
- ASX200: -0.8%
- Singapore: -1%
- New Zealand: -0.5%
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