Macmahon Holdings Limited

On Thursday, the Australian share market closed higher for a fourth day with around 1.4 per cent stronger led by the big miners as commodities surged. The benchmark S&P/ASX200 index closed up 48 points, or 1.36 per cent, at 3588, while the broader All Ordinaries gained 48.6 points, or 1.4 per cent, at 3528.2. Analysts said the market seems to be a little quiet with less participation, except for some fluctuation after BHP's decision of dumping its takeover bid for Rio Tinto.

At week's end, Wall St. rebounded with about 2.9% rise on hopes for further US rate cuts and President-elect Barack Obama's call for another economic stimulus plan. China's announcement over the weekend that it will spend 4 trillion yuan by 2010 to help re-ignite growth may also shore up Australian stocks, particularly miners.

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.

The US Federal Reserve's bailout of insurance giant American International Group (AIG) did little to ease the concerns of investors worldwide, Asian markets were deeply in the red, with Hong Kong's bourse down about seven per cent. The Australia share market took another massive beating yesterday.

The Australian market has received a mixed lead, with Wall Street up while oil, gold and silver were down again. Yesterday local banks finished mixed despite heavy losses on Wall Street as the US investment bank Lehman was thought facing difficulties. Analysts said the market was volatile, heavy and irrational.

Yesterday, the Australian share market closed more than two per cent lower, dragged down by the resource and financial sectors and a weak lead from Wall Street. Banks and financials reacted poorly to news regarding troubled US mortgage lenders Fannie Mae and Freddie Mac.

Yesterday the Australian share market closed in the black yesterday after stronger commodity prices bolstered resource stocks and countered a negative lead from Wall Street, although gains were capped by weakness in the banking sector towards the end of trade.

Yesterday, the Australian share market ended more than 1% lower following sharp losses in the US overnight, with resources and the banks leading the decline locally.

Macmahon Holdings Limited (ASX: MAH) - 2007 Annual General Meeting - Mr Richard Carter, Chairman & Mr Nick Bowen, CEO; Macmahon Holdings Limited (ASX: MAH) present the following audio webcast regarding "2007 Annual General Meeting". You may also download this audio webcast to your computer or portable audio player.

Macmahon Holdings Limited (ASX: MAH) - Annual General Meeting - Mr Richard Carter, Chairman and Mr Nick Bowen, CEO; Boardroomradio is pleased to announce that Macmahon Holdings Limited (ASX: MAH) has published an audio file.