Stocks fall on flood driven contraction

Monday, January 17th, 2011

The Australian share market reversed course in morning trade, losing 0.3 per cent by noon as investors digested the possible economic effects of floods in Queensland, Victoria and NSW.At 1200 AEDT, the benchmark S&P/ASX200 index was 16.3 points lower, by 0.34 per cent, at 4,785.2 points, while the broader All ...

Stock market weaker on poor resources

Friday, January 14th, 2011

The Australian stock market was weaker at noon as financial stocks rebounded, while resources weighed on the bourse.By 1206 AEDT, the benchmark S&P/ASX200 index was down 4.9 points, or 0.1 per cent, at 4,790.4 points, while the broader All Ordinaries index had fallen 4.2 points, or 0.09 per cent, at ...

Stock market opens strongly

Thursday, January 13th, 2011

The Australian stock market has opened strongly following positive leads from offshore trading overnight, with all key indices and commodities prices higher.By 1018 AEDT, the benchmark S&P/ASX200 index was 42.4 points higher, or 0.9 per cent, at 4,766.6 points, while the broader All Ordinaries index climbed 41.7 points, or 0.86 ...

Stocks end flat on first day of trade

Wednesday, January 5th, 2011

The Australian share market closed flat on its first day of trade for 2011 as the materials sector continued to lead the index early in the new year.The benchmark S&P/ASX200 index fell 2.7 points, or 0.06 per cent, to 4,742.5 points, while the broader All Ordinaries index rose 2.6 points, ...

Aussie market gets positive offshore leads

Tuesday, January 4th, 2011

The Australian market is receiving strong, positive leads from offshore trading, with both equities and commodities markets more buoyant overnight.In economics news, data on Tuesday will be the Australian Industry Group-PwC Australian Performance of Manufacturing Index (Australian PMI) for December. View full post on Market news | ninemsn Money