ASX 200 Market Update - November 5, 2013

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  ASX is trading near 5,430-levels as local shares are holding on to strong gains led by mining shares, but the dollar slipped after RBA (Reserve Bank of Australia) pointed out that local currency is going too high.
•  This is how regional markets are doing today:
• Japan (Nikkei): -0.05%
• Hong Kong: -0.6%
• Shanghai: -0.4%
• Taiwan: -0.5%
• Korea: -0.45%
• ASX200: +0.8%
• Singapore: +0.2%
• New Zealand: +1.4%

• Today, Australian dollar slipped a quarter of a cent against US dollar after RBA's statement that AUD is "uncomfortably" high.

ASX 200

ASX 200 Update - ASX Slipped after Early Losses Recovery

Today, ASX closed slightly lower, as a fall in Wall Street Futures weighed in late trade. The S&P/ASX 200 index slipped 5.4 points, or 0.1 per cent, to 5420.3. Both indices recovered from early losses and trade higher during the after noon before the late drop. 

Among the sectors, financials fell 0.7 per cent, led down by a drop in NAB, which posted a record profit that hit expectations but failed to impress investors. Materials gained 0.2 per cent,while consumer staples jumped 1 per cent.

Take a look at how some of the blue chips performed today:

• BHP: flat
• Rio: +0.9%
• ANZ: +0.4%
• CBA: -1.2%
• NAB: -2.5%
• Westpac: -1.75%
• Woolies: +0.1%
• Wesfarmers: +1.6%
• Telstra: +0.2%
• Newcrest: -3.5%

ASX 200

ASX 200 Market Update - October 31, 2013

• The ASX edges higher after recovering from early losses, but the banks, led by NAB, are still weighing on the market.
• This is how rest of the region's markets are doing:
• Japan (Nikkei): -0.2%
• Hong Kong: -0.4%
• Shanghai: -0.45%
• Taiwan: -0.2%
• Korea: -0.7%
• ASX200: +0.05%
• Singapore: -0.2%
• New Zealand: +0.15% 
• Stocks are mostly down on speculation the Federal Reserve will start tapering stimulus in coming months. 
• ASX 200

ASX 200 Market Wrap - Australian Shares ended on a Positive Note

• Australian shares traded on a firm note today as investors expect the US Federal Reserve to maintain the economic stimulus.
• The benchmark S&P/ASX200 index added 15.4 points, or 0.3 per cent, to 5430.9, while the  broader All Ordinaries index gained 14.7 points, or 0.3 per cent, to 5425.4.
•  Today, ASX couldn't capitalize on the morning gains and fell short as investors traded cautiously ahead of an important economic event like FOMC meeting.
• Australian dollar (AUD) appreciated today and it closed at 0.95008 USD or 95.008 US Cents.
• NAB shares dropped 45 cents to $36.23, while ANZ gained seven cents to $33.70, Commonwealth Bank added 22 cents to $77.01 and Westpac was 30 cents higher at $34.90.
• Among the day's top performers was JB Hi-Fi, which said sales in the early months of the financial year were higher. Its shares gained 75 cents, or 3.65 per cent, to $21.29.

ASX Shares Tips

ASX 200 Market Update - October 30, 2013

• The Australian market has shown some strength and have recovered from some of the yesterday's losses but investors are still trading on the sidelines ahead of the FOMC meeting.

• Regional markets are higher today, as investors trading cautiously because of Fed meeting:
• Japan (Nikkei): +1.2%
• Hong Kong: +0.8%
• Shanghai: +0.8%
• Taiwan: +0.1%
• Korea: +0.1%
• ASX200: +0.3%
• Singapore: +0.1%
• New Zealand: +0.3%

• RBA Governor Glenn Stevens yesterday said that local currency will depreciate in coming days and market experts are saying that AUD is more likely to strengthen rather than weaken.

 ASX Share Tips

ASX 200 Market Wrap-up - October 29, 2013

The Australian share market ended in red  despite of ANZ continued to reach new heights and it closed at 5,415.5 (-25.9 points or -0.48%) as investors took profits after the recent record highs reached by three of the big four banks. The broader All Ordinaries index was down 26.6 points, or 0.49 per cent, at 5,410.7. 

ANZ continued to reach new highs after making a record $6.5 billion cash profit in the year to September. But shares in its rivals fell. ANZ gained 39 cents, or 1.2 per cent, to $33.63, while NAB finished flat at $36.68, Westpac dropped one cent to $34.60 and Commonwealth Bank was 61 cents lower at $76.79.

National turnover was 1.85 billion securities worth $4.9 billion.

Given below are today's gainers and losers:

ASX 200

ASX 200 Market Update - October 29, 2013

• The Australian share market is trading in the red today, despite a bumper profit by ANZ that has pushed its shares to new all-time highs.
• Rest of the region's markets are also heading same way:
• Japan (Nikkei): -0.15%
• Hong Kong: -0.1%
• Shanghai: -0.6%
• Taiwan: -0.3%
• Korea: -0.2%
• Singapore: -0.1%
• New Zealand: +0.05%

• The dollar has recovered a bit and is currently trading at 95.46 US cents, after trading as low as 95.15 US cents, but analysts believe that some down slide is still possible.
• RBA Governor Glenn Stevens said that dollar is not supported by the costs and productivity in the economy, further added that the terms of trade are also more likely to fall than rise.

ASX 200