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Monday’s Gainers & Losers

July 7, 2014 - by Staff Writers

By the bell on Monday the benchmark ASX200 index had fallen 6.1 points, or 0.11 per cent, lower at 5,518.9.

Monday At The Close: Flat Start

July 7, 2014 - by Juliette Saly

Juliette Saly provides an afternoon financial market update.

Big June Jobs Report Boosts Wall St

The American economy continues to boost new job numbers with June recording a massive 288,000 new positions created, news which pushed the Dow above 17,000 points for the first time and a record close, and also helped the S&P 500 to yet another record as well.

Economy Patchy As RBA Suggests

No matter what yesterday’s data drop on the economy told us about its current strength (retail sales and building approvals, two of the major stats, plus car sales), the big message was delivered by Reserve Bank Governor, Glenn Stevens in a speech in faraway Hobart (to econometricians) half an hour earlier at 11am.

CBA Shares Shrug Off Planning Scandal

Commonwealth Bank (CBA) shares yesterday shrugged off the bank’s first major comment on the financial planners scandal since a Federal parliamentary Committee called for a Royal Commission into the issue.

Stevens Warns On Dollar, Rates & House Prices

Reserve Bank Governor Glenn Stevens took aim at a number of issues in a speech to econometricians (economists whose lives are dominated by models and maths) in Hobart yesterday and in doing so revealed some of the central bank’s core policy thinking that normally doesn’t see the light of day.

Friday At The Close: Best Week Since Feb

July 4, 2014 - by Tom Piotrowski

The local sharemarket has just had its best week in four and a half months, with the All Ordinaries index (XAO) rising by approximately 1.5 per cent over the past five days. Better than expected employment growth in the U.S. gave local investors an additional push forward today.

Friday’s Gainers & Losers

July 4, 2014 - by Staff Writers

At the close on Friday, the benchmark S&P/ASX200 index was 33.8 points, or 0.62 per cent, higher at 5,525.0, while the broader All Ordinaries index was up 32.3 points, or 0.59 per cent, at 5,511.8.

Gavin Wendt

Striking Unconventional Energy

July 4, 2014 - by Gavin Wendt

Strike Energy in an emerging petroleum play with a rapidly growing presence in the unconventional energy sector in South Australia’s Cooper Basin, where an important flow-testing and fraccing program is currently underway.

Fixed Interest

Suncorp Puts The Spotlight On Hybrid Risk

July 4, 2014September 13, 2018 - by Elizabeth Moran

Key points:

Fed Rejects Using Rate Rises To Pop Bubbles

The US Federal Reserve won’t try and head off rises in asset prices (which some might argue are bubbles) by using monetary policy (which means interest rate rises) is a development that every investor should be aware of.

Market At Midday On Friday

July 4, 2014 - by Tom Piotrowski

Tom Piotrowski provides a mid-session financial market update. Local stocks are higher for the 3rd day.

Market At Midday On Thursday

July 3, 2014 - by Juliette Saly

Juliette Saly provides a Mid-session financial market update.

Goodman Fielder Folds, Reveals More Writedowns

July 3, 2014 - by Glenn Dyer

Food group Goodman Fielder (GFF) has folded and will cop a small cut in the value of a takeover offer from Asian suitors.

Wesfarmers Off Target

July 3, 2014 - by Glenn Dyer

Confession is supposed to be good for the soul and looking at the way Wesfarmers’ (WES) share price rose yesterday after the company sprung a near $700 million write-down in value of it’s faltering Target department store chain, you’d have to say that confession is also good for the share price.

Trade Deficit Jumps, Drags Down Dollar

July 3, 2014 - by Glenn Dyer

As expected, Australia’s trade account worsened in May. But what was not expected was the extent of that worsening.

Thursday At The Close: Solid Improvement

July 3, 2014 - by Tom Piotrowski

The Australian sharemarket continued to improve this afternoon, with local shares rising by close to 0.75 per cent. The All Ordinaries Index (XAO) jumped by 0.7 per cent with all sectors finishing higher.

Thursday’s Gainers & Losers

July 3, 2014 - by Staff Writers

S&P/ASX200 gained 35.8 points or +0.65% on volume of $3.4 billion, closing at 5491.2.

Fixed Interest

Residential Mortgage-Backed Securities

July 3, 2014 - by Paul Mcnamara

The Australian interest rate securities market is seeing increasing issuance of Residential Mortgage-Backed Securities (RMBS) from lenders. Because of the attractive ways many of these issues are priced, they are proving to be increasingly popular with investors.

Australand Deal A Step Closer

The $2.6 billion bid for property group, Australand (ALZ) from the Thai-controlled Singapore developer, Frasers Centrepoint, is closer to being a done deal after the target board endorsed the offer in a statement released on Tuesday night.

Computershare’s $40m Writedown

The global share registry and financial services group Computershare (CPU) slipped a $40 million write-off out yesterday, and the shares took it in their stride, finishing 0.3% higher.

RBA Sits On Rates

Traders shrugged off the concern expressed yesterday by Reserve Bank Governor about the refusal of the Aussie dollar to fall by pushing the currency to yet another eight month high of 95.05 US cents in US trading early today.

China’s Economy Lifting

Good news yesterday for Australia from our top two commodity export markets with signs the Chinese economy has resumed growing, and continuing confidence in Japan among business about the current expansion.

Media Winners & Losers

Reporting season approaches for the country’s listed media companies, so what message did the performance of their share prices tell us in the year to June 30? APN, Fairfax Media and News Corp stood out with strong gains – for differing reasons, none of which will do anything to ease the feelings of doom and gloom about their future. The laggard among the listed media companies was Southern Cross because of personnel changes at its key Sydney radio station and its affiliation with the weak Ten Network.

Wednesday At The Close: Best Day In 2 Weeks

July 2, 2014 - by Steven Daghlian

The Australian sharemarket had its best day in two weeks, with the All Ordinaries Index rising by 1.4%. The gains were the most significant in a fortnight with all sectors finishing higher.

Wednesday’s Gainers & Losers

July 2, 2014 - by Staff Writers

S&P/ASX200 gained 79.5 points or +1.46% on volume of $3.8 billion, closing at 5455.4.

June Property Wrap

July 2, 2014 - by Rocky Bartolotto

For the first time in 12 months the May month saw house prices decline by just under 2%. However the decrease is seasonal and in line with previous trends for the same periods in recent years, other contributing factors have added to this including overall consumer confidence and recent lower auction clearance rates.

James Dunn

E&A: Enterprising and Ambitious

July 2, 2014 - by James Dunn

Market At Midday On Wednesday

July 2, 2014 - by Tom Piotrowski

CommSec’s Tom Piotrowski provides a mid-session financial market update

US Markets Continue To Outperform

Unlike Australia, Wall Street finished June and the second quarter with something of a wet sail.

Mixed FY Delivers 12%

Amid all the talk of double digital returns in the year to June 30 in Australia, the market analysts this morning have been reticent on how bad the performance has been in the first six months of 2014.

Goodman Fielder Bid Stranded?

So will the Goodman Fielder (GFF) board fold and accept a lower price from its Asian suitors, or will the board stand firm and demand they honour the 70c a share offer?

Lending Grows At Five Year High

Lending in May hit its strongest growth rate in more than five years, thanks mostly to housing, and especially investment housing loans.

Dick Smith Defies Retail Slump

Unlike a series of other retailers (including rival JB Hi-Fi (JBH)), consumer electronics group Dick Smith Holdings (DSH) seems not to have been hurt by the slowdown in consumer confidence post the 2014 budget announcement in May.