ABN Newswire Stocks to Watch: February 10, 2010
ABN Newswire stocks to watch today include: Brickworks Limited (ASX:BKW), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and The NewSat Limited (ASX:NWT) (OTC:NWTLY).
ABN Newswire stocks to watch today include: Brickworks Limited (ASX:BKW), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and The NewSat Limited (ASX:NWT) (OTC:NWTLY).
Australian shares fell on Tuesday led by financials sector as investors remained concerns over Europe's financial health. At the close, the benchmark S&P/ASX200 index was down 16.3 points, or 0.4 per cent, at 4505.1. The broader All Ordinaries index fell 18.1 points, or 0.4 per cent, to 4520.7.
Asian shares mostly declined yesterday on uncertainty about the sovereign debt issue in Greece, Spain and Portugal. Japan's Nikkei stock average sank 1.1 percent to a two-month low at the close. South Korea's Kospi fell 0.9%, while Hong Kong's Heng Seng Index lost 0.6%. But Singapore's Straits Times Index gained 0.4.
Brickworks Limited (ASX:BKW) today entered into an agreement to purchase Brick and Block, a New South Wales-based producer of concrete masonry, for A$13.5 million.
Asian markets closed mostly higher on Wednesday as materials shares were boosted by strong commodities prices. Japan's Nikkei average rose 0.3 percent as exporters gained on strong U.S. data and weakness in yen against greenback. But the rises were pulled back by a drop in shares of Toyota Motor Corp after its recall woes hit its sales. South Korea's Kospi added 1.2%, Hong Kong's Hang Seng Index rose 2.2% and China's Shanghai Composite gained 2.4%.
Australian shares Monday extended the drops and hit a one-month closing low, as US President Barack Obama's plan to curb bank risk-taking raised concerns about US banks. At the close, the benchmark S&P/ASX200 index slid 32.7 points, or 0.7 per cent, at 4717.9 while the broader All Ordinaries index slipped 28.8 points, or 0.6 per cent, to 4743.1.
Wall Street rose overnight as investors were expecting improvements in fourth-quarter earnings results. US industrial shares lifted the Dow and the S&P 500 to new 15-month highs after the upbeat Chinese economic data. The US dollar dropped 0.5 percent against a basket of currencies.