Australian shares advanced 0.5 percent on Friday, with better-than-expected profit at Macquarie Group MQG helping some financial stocks but the mining sector dragged by worries about a possible tax hike.
For the month, stocks finished down 1.4…
Read more about Australian Share Market Wrap 4-30-10Australian stocks fell 0.8 percent on Thursday, as no.4 lender Australia and New Zealand Banking Group (ANZ) led banks down after disappointing investors with a smaller dividend hike than expected.
The top miners also slid, as investors turned…
Read more about Australian Stock Market Wrap 4-29-10Newcrest Mining (NCM) announced today it is ready to make some changes regarding its takeover bid for Lihir Gold (LGL), presenting the shareholders a mix of either shares or cash.
“We…
Read more about Newcrest Mining (NCM) to Improve Shares Takeover Bid for Lihir Gold (LGL)Australian stocks fell to a three-week low on Thursday as weaker commodity prices and disappointing results and outlooks from three resources companies and coal-to-retail conglomerate Wesfarmers (WES) stoked selling.
Mining and energy stocks were the biggest drag on the market,…
Read more about ASX Stock Market Wrap 4-22-10A $26 billion gold mining giant based in Australia could be moving closer after Newcrest Mining (NCM) suggested yesterday it might sweeten its offer for Lihir Gold.
Newcrest said it will lift its takeover offer for Lihir by offering…
Read more about Newcrest Mining (NCM) serious about Lihir (LGL) sharesLocally, the ASX 200 closed 0.2% stronger at 4925.8, off session highs of 4944. Investor fears subsided after the initial reaction to the Goldman’s scandal, with the heavy weight financials, industrial, materials and energy sectors contributing most…
Read more about ASX Stock Market Wrap 4-20-10The Australian share market closed lower on Monday taking its lead from United States markets, which fell after Wall Street’s most powerful firm, Goldman Sachs & Co, was accused by the US government of misleading investors.
Investors also…
Read more about ASX Share Market Wrap 4-19-10In Australia, yesterday’s ASX 200 journey above the 5000 level turned out to be short lived with markets falling from the opening bell, closing 0.3% softer at 4984, but off the lows of the session. With the…
Read more about Australian Stock Market Wrap 4-16-10The Australian share market fell 0.7 percent on Tuesday, knocked lower by resources shares on worries that demand for metals and oil might not keep up with recent spikes in commodities prices.
Analysts said the fall reflected switching out…
Read more about ASX Share Market Wrap 4-13-10The Australian share market regained some ground today, with energy and mining stocks in focus on renewed takeover activity in the coal sector. The All Ordinaries Index (XAO) rose 12.6pts or 0.3pct to 4972.9 while the S&P/ASX 200 Index…
Read more about ASX Share Market Wrap 4-9-10