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Australian Market Report of February 9: US Stimulus Package to Be Approved
FEB 9, 2009 13:00 - Article Views: 8,156
The Australian share market ended last week with 1% higher led by the overseas markets. The benchmark S&P/ASX200 index surged 41.3 points, or 1.2%, to 3469.9 while the broader All Ordinaries index closed with 34.9 points higher, or 1%, settled at 3407.5. |
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Australian Market Report of February 6: Higher on Leads from US and UK
FEB 6, 2009 13:00 - Article Views: 8,575
Yesterday the Australian shares closed slightly lower with the benchmark S&P/ASX200 index down 0.3%, or 9.3 points, at 3428.6, while the broader All Ordinaries index declined 0.3%, or 9.7 points, at 3372.6. The market opened higher after the positive lead from the US and UK, but could also be rocked by the earnings of NAB and News Corp. |
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Australian Market Report of February 5: Some Recovery Signs
FEB 5, 2009 13:00 - Article Views: 8,312
On Wednesday, the Australian shares dropped more than 2% dragged by the property and mining sectors. The benchmark S&P/ASX200 index was down 70.8 points, or 2.02 per cent, at 3,437.9, while the broader All Ordinaries index shed 66.8 points, or 1.94 per cent, to 3,382.3. The market could restore some confidence over the news that the US service sector shows it shrank at a low pace and China's national purchasing managers index suggests a recovery in China. |
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Australian Market Report of November 24: Surge Amid Bear Market
NOV 24, 2008 13:00 - Article Views: 7,496
The Australian stock market staged a late rally on last Friday, with the benchmark S&P/ASX200 index closing up 63.6 points, or 1.9 per cent, at 3,416.5, while the broader All Ordinaries index gained 54.3 points, or 1.63 per cent, to 3,386.9. Market is struggling to recover with some "bear market rally" although the fundamental problems remain. Analysts said the recent fluctuation is because of uncertainty and the political factors are important at this stage. |
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Australia Market Report of October 29: Relief Period Comes after Rally
OCT 29, 2008 13:00 - Article Views: 4,428
This morning shortly after open the Australia market has joined the rally with S&P/ASX200 up 4.3%, or 162.7 points, to 3957.3 points. Yesterday Australian shares suffered their fifth consecutive day of losses, hitting fresh four-year lows, as falls by the big banks eclipsed gains by miners. At the close, the benchmark S&P/ASX200 share index was down 14.6 points, or 0.4%, to 3794.6, recovering from an earlier drop of as much as 2.2%. Analysts expected the next few weeks ahead a relief period. |
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Australia Market Report of October 17: Market on Roller Coaster
OCT 17, 2008 13:00 - Article Views: 5,124
Overnight Wall Street gained in a late rally early this morning, as investors snapped up beaten-down shares after Wall Street's worst day since the 1987, and consumer companies gained as the price of oil fell. |
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Australia Market Report of October 13: Confidence Buoyed After Black Friday
OCT 13, 2008 13:00 - Article Views: 6,884
The Australian share market ended a horror week on Friday, down more than 8% in a session that wiped A$106 billion from the value of stocks on the bourse. Last Friday the S&P/ASX200 index fell 8.3% in mid-afternoon trading, losing 360.2 points to plunge to 3960.7, the biggest one-day loss for the ASX200 index. Its affiliate, the All Ordinaries index, had its worst day since the October 1987 crash, losing 8.2%, or 351.9 points, to 3939.4. The ASX200 lost almost 16% for the week, about three times the amount it lost in the week after the September 11 attacks in 2001. |
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Australia Market Report of October 9: Market Sell-off With No Emotion
OCT 9, 2008 12:30 - Article Views: 8,017
Yesterday, the Australian share market closed at a fresh three-year low, plummeting 5% as the continuing fallout from the global credit crisis wiped A$56 billion from the value of stocks. The benchmark S&P/ASX-200 share index lost 5% yesterday, the biggest one-day fall for both major stock exchange indices since January 22 this year. RBA has said the Australian economy is slowing faster than originally anticipated. Analysts said the sell-off is totally unemotional. Markets across Asia also slumped with 5-10% drop in Tokyo, Hong Kong, Singapore, Mumbai and Jakarta. |
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Australia Market Report of September 25: Time to Follow Buffet
SEP 25, 2008 12:30 - Article Views: 5,553
Yesterday the Australian share market closed higher with most of the upside in the financial sector, after news that American billionaire Warren Buffet would buy a $US5 billion slice of investment bank Goldman Sachs. As Buffet is a long term investor with a good record of investing at the right time, people speculate that potentially it's the bottom of financial stocks. |
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