Building & Construction

Australian Market Report of May 25: To Outperform Wall Street

🕔5/25/2009 1:00:32 PM

The Australian share market ended lower on Friday, dragged by the big miners, as global demand worries hit the prices of oil and base metals. The benchmark S&P/ASX200 index fell 52.3 points, or 1.37 per cent, at 3,761.6, while the broader All Ordinaries index lost 49.3 points, or 1.3 per cent, to 3,755.4. Resources stocks are expected to gain as commodities prices were firmer. The Australian Securities and Investments Commission will lift a ban on covered short-selling of financial stocks effective from the opening of trade today.

Read Full Article▸

Australian Market Report of May 22: Recovery Hopes Dented

🕔5/22/2009 1:00:57 PM

Yesterday the Australian share market ended slightly lower dragged by financial stocks. The benchmark S&P/ASX200 was down 10.7 points, or 0.28 per cent, at 3813.9, while the broader All Ordinaries had lost 4.2 points, or 0.11 per cent, to 3804.7.

Read Full Article▸

Australian Market Report of May 13: Market Took a Break after Rally

🕔5/13/2009 1:00:47 PM

Yesterday the Australian shares fell in a day of light trading as the market had a breather after a few weeks of rally. The benchmark S&P/ASX200 index were 1.2%, or 48.8 points, lower at 3877.2, while the broader All Ordinaries index was down 1.2%, or 46.9 points, at 3863.6.

Read Full Article▸

Asian Markets Overview of April 22

🕔4/22/2009 1:57:22 PM

Most Asian major markets rebounded on Wednesday morning as investors' sentiment was boosted by gains on Wall Street overnight. Asian stocks fell massively Tuesday with most declines in financial sector.

Read Full Article▸

Australian Market Report of April 16: Signs of Stability in the US

🕔4/16/2009 1:00:38 PM

Yesterday the Australian shares closed slightly lower as falls in financial stocks overshadowed the gains in big miners. The benchmark S&P/ASX200 index was down 0.1%, or 5.4 points, at 3747.5, while the broad-market All Ordinaries index fell 0.1%, or 4 points, at 3693.9.

Read Full Article▸

Australian Market Report of April 15: US Retail Sales Dented Sentiment

🕔4/15/2009 1:00:27 PM

Yesterday the Australian shares closed with a three months high, lifted by stronger banks and resources stocks. The benchmark S&P/ASX200 index was up 2.2%, or 81.3 points, at 3752.9, while the broader All Ordinaries index also gained 2.2%, or 80.5 points, at 3698. The financial sector was largely buoyed by the US bank Goldman Sachs’ first quarter earnings.

Read Full Article▸

Australian Market Report of April 9: Look to Improved Earnings Guidance

🕔4/9/2009 1:00:56 PM

Australian shares closed lowered yesterday as investors expected a further fall on US market. The S&P/ASX 200 fell 86.8 points, or 2.3 per cent, to 3619.5, while the All Ordinaries was down 81 points, or 2.22 per cent at 3567.5. The financial stocks may be hit by International Monetary Fund's forecast of increasing toxic assets.

Read Full Article▸