The sharemarket fell yesterday as banks came under pressure when data showed home-loan approvals fell, and a strategy update from National Australia Bank failed to impress investors. The benchmark S&P/ASX 200 closed down 0.5 per cent at ...
Tags: sharemarket, data, home-loan approvals
Stocks ended 0.3 per cent stronger yesterday, leaving the market hovering near record highs and sustaining hopes of a prolonged recovery, buoyed by further healing in the US economy and signs of a soft landing in China. Investor resolve ...
Tags: Chinese Trade Data, economy
THE Australian sharemarket closed higher, boosted by mining stocks after the release of a bumper trade report in China. IG Markets analyst Stan Shamu said the local bourse narrowly missed posting a fresh four-year high, despite a late ...
The stockmarket traded marginally lower as disappointing trade figures pulled shares back from a modestly positive start. IG Markets market strategist Stan Shamu said the Australian market had opened slightly higher, but had descended ...
The Australian sharemarket has finished lower, despite some resilience in the resources and materials sector. Options XPress market analyst Ben Le Brun said the local market had bounced back in afternoon trade as investors looked ahead ...
Tags: Australian sharemarket, financial space, Australian economy
The local sharemarket rose to a 4 1/2-year high yesterday as the economic outlook for the US and China brightened and eurozone worries eased, with National Australia Bank spiking higher on reports of a cost-cutting plan. The benchmark ...
Tags: sharemarket, benchmark, shares traded
The sharemarket has shot up by more than 1.5 per cent at noon, with investors using yesterday's falls to lap up cheaper stocks. CMC Markets chief market analyst Ric Spooner describes it as a relief rally following Monday's decline. The ...
Tags: Stocks, sharemarket, ANZ
Kenya s East African Portland Cement plans to expand after returning to profit during the six months ended December, boosted by cost cutting and improved cement sales. Portland, Kenya s No. 3 cement producer, said on Monday it was ...
Tags: Kenya s East African Portland Cement, cement sales, company news
The sharemarket partially reversed its big sell-off with a solid finish after the Reserve Bank's positive comments about the economy. The benchmark S&P/ASX 200 index closed up 38 points, or 0.76 per cent, at 5018.1 points today, while the ...
The share market weakened slightly before upcoming events including the release of European and US economic data, the weekend meeting of G20 finance ministers and central bankers in Moscow, and Italian elections the following weekend. ...
The Australian sharemarket pulled back in late trading but still closed slightly higher, with investors unfazed by Julia Gillard announcing that the next federal election would be on September 14. At 4.15pm AEDT, the benchmark S&P/ASX 200 ...
Tags: Australian sharemarket, currency, economy
The Australian sharemarket has closed higher, with investors encouraged by the recent strength of global markets. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had risen 53.8 points, or 1.11 per cent, to 4889.0 points - its highest ...
The sharemarket rose yesterday, led by BHP Billiton after its first-half production report broadly met expectations. Australia's big four banks climbed on speculation that interest rates may drop further. The benchmark S&P/ASX 200 ...
Tags: sharemarket, BHP, banks
Australian shares rose slightly yesterday as global equity markets remained supported by tentative signs of improvement in China's economy. Fund managers tipped continued yield-based demand for Australian equities in particular, although ...
Tags: China, shares, global equity markets, economy
Doubts have been expressed regarding Asiacell‘s ability to raise the record $1.27 billion planned in its forthcoming IPO (initial public offering). According to a report from International Financing Review, observers are said there ...
Tags: Asiacell, IPO, Financing Review