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Australian Market Report of August 23, 2010: NIB Holdings (ASX:NHF) Net Profit Up 158%
AUG 23, 2010 13:30 - Article Views: 2,314
Australian shares opened marginally lower following Wall Street's weak lead. Investors continued to place focus on the local news while the earnings season entered the final stage. The Australian dollar also opened lower on Monday over the federal election uncertainty. The local unit was trading at 88.63 US cents, down 0.44 per cent from Friday's close of 89.03 US cents. |
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Australian Market Report of February 23: Market in Positive Sentiment
FEB 23, 2010 09:30 - Article Views: 3,952
Australian shares rallied on Monday with gains in resources stocks helped to lift the market. The better-than-expected corporate earnings also fueled the rise. At the close, the benchmark S&P/ASX200 index was 82.4 points, or 1.8 per cent higher, at 4717.5, while the broader All Ordinaries index rose 76.4 points, or 1.6 per cent, to 4732.7. |
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Australian Market Report of August 17: Corporate Results Boosted Confidence
AUG 17, 2009 13:00 - Article Views: 9,914
Wall Street ended lower in light trading on Friday as reports showed weak consumer sentiment in August and an unexpected decline in July retail sales. The weak reports prompted investors to lock in gains from the recent rally. |
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Australian Market Report of July 2: Encouraging US Data
JULY 2, 2009 13:00 - Article Views: 7,371
The Australian shares yesterday started the new financial year with a significant fall led by financial and resources stocks. The benchmark S&P/ASX200 index lost 80.9 points, or 2.05 per cent, to 3874 points, while the broader All Ordinaries index was 75.5 points, or 1.91 per cent lower, at 3872.3 points. |
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Australian Market Report of February 25: Resilient to Bad Leads
FEB 25, 2009 13:00 - Article Views: 9,661
Yesterday the Australian shares were showing their resilience to the bad leads from overseas. The market ended with a modest drop after a rebound from the early losses. The benchmark S&P/ASX 200 ended down 0.6%, or 19.6 points, at 3331.6, while the broader All Ordinaries index also fell 0.6%, or 19.1 points, to 3285. |
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Australia Market Report of October 27: Improvement Not Expected Ahead
OCT 27, 2008 13:00 - Article Views: 5,375
Australia market gained total over 8% on last Monday and Tuesday but eroded by sell-offs in the rest of the week. Investors were selling the stocks they can sell. Australian shares have ended the week with another day of losses on fears that a possible global recession may hammer earnings for local companies. Analysts foresee a tough week and expect it will not improve until the credit market gets some sustained improvement. |
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Australia Market Report of September 3: Market Concern On Reserve Bank's Next Rate Cut
SEP 3, 2008 12:30 - Article Views: 6,408
Yesterday, the Australian share market closed slightly weaker despite a cut to official interest rates and a drop in the oil price. The benchmark S&P/ASX200 was down 2.3 points, or 0.04 per cent, to 5,116, while the broader All Ordinaries fell five points, or 0.1 per cent, to 5,195. The Australian stock market may continue the decline today with US equities and commodities down overnight. |
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