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General

Market wrap - morning

BY AAP | WEDNESDAY, 29 NOV 2006 9:00AM

The Australian sharemarket is expected to open stronger today as US markets ended higher and as rising energy prices promise to buoy shares of major mining companies. On the Sydney Futures Exchange at 0816 AEDT, the December share price index contract was up 15 points at 5,376.

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Editor's Choice

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA

Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise.

Sequoia revokes dividends, chief financial officer exits

RIDDHIMA TALWANI

Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue.

Acclaim Wealth names chief executive

MATTHEW WAI

The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm.

Global X cuts fees on gold ETF

ELIZA BAVIN

Global X has reduced fees on its Gold Bullion ETF, following in the footsteps of VanEck after it cut fees for its gold ETF last week.

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