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Market: ASX 200
Sector: Aerospace
Epic: ASX200
News: Latest news
Web Site: Australia Market Wrap
Other Articles: 25-06-200923-06-200918-06-2009

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Friday July 03, 07:01Commercial property: The contrarian view

The global recession has hit commercial real estate companies hard, with capital values falling 43.6% from their peak in June 2007.

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Thursday July 02, 10:45Rubicon Minerals, Eastmain Resources and Fission Energy to present at 7 July Investor Forum, Toronto, Canada

Our three presenting companies are well established mining companies with advanced stage assets. All three companies are well-funded and managed by a team of experienced professionals

 

 

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Australia Market Wrap

Australia Market Wrap

A summary of all the major stories on the Australian Stock Exchange
Monday, December 22, 2008

Holidays and lack of leads pulls market lower

by Ian Mclelland company news image

The Australian sharemarket opened higher, however lower commodity prices and lack of new leads were compounded by investors and fund managers leaving for Christmas summer holidays.


Regional Asian markets were mixed with Hong Kong higher and the Japanese market was lower.
The S&P/ASX200 was trading down 1.6%, to 3556.9 points.


Momentum in banks is broken


ANZ Bank (ASX:ANZ) gained 21 cents at $14.85, Commonwealth Bank (ASX:CBA) was down 13 cents, or 0.47%, at $27.67, NAB (ASX:NAB) lost 18 cents, or 0.9%, to $19.82 and Westpac (ASX:WBC) fell 46 cents, or 2.66%, at $16.85.


Macquarie Group (ASXMQG) was down 73 cents, or 2.5% to $27.84 and Babcock & Brown (ASX:BNB)lost 1 cent, or 6.2%, to 15 cents.


Miners lose ground


BHP Billiton (ASX:BHP)was down four cents to $29.88, Rio Tinto (ASX:RIO) was down $1.07, or 2.74%, at $37.94 and Fortescue Metals (ASX:FMG) lost 41 cents, or 18.98% lower, to $1.75 on turnover of 15 million shares traded.


Gold stocks were slightly lower, as Lihir Gold (ASX:LGL) gave up 1 cent, to $2.79 and Newcrest Mining (ASX:NCM) was hammered losing $2.05, or 6.1%, to $31.44.


Oil stocks were mixed, Santos (ASX:STO) was down 4.1% to  $13.71 and Woodside Petroleum (ASX:WPL) was up 14 cents, to $32.60.


Harvey Norman (ASX:HVN) was down 11 cents, or 4.5%, to $2.35 and David Jones (ASX:DJS) lost 7 cents, or 2.3%, to $2.94.


The Australian dollar lost ground to trade up at 68.21 US cents.

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