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Midday market wrap: Westpac sell-off defies stronger sentiment

Westpac shares defied the broadly positive sentiment during the morning session, falling by $0.35 to $16.42. Earlier Westpac had announced that it had signed up to the so-called 'Equator Principles,' a set of guidelines for managing social and environmental ...

Midday market wrap: AMP flirts with $5.00

... trading at $4.99, a rise of $0.04. The major banks were a mixed bag. ANZ and National both recorded slight gains, while Westpac and Commonwealth drifted lower. All Ordinaries: 3003.60 (-0.70) Dow Jones: 8897.81 (+47.55) NASDAQ: 1590.75 (-5.16) FTSE-100 ...

Afternoon market wrap: All Ords retreats below 3,000-mark

... after lunch, retreating back below the 3,000-mark as three out of the four major banks moved into negative territory. Westpac was the worst hit, falling $0.21 to $16.56, although ANZ managed to eke out a slight gain, rising by $0.07 over the course of ...

Afternoon market wrap: AMP gains 3.8%

... first time since late January, buoyed by the stronger sentiment on Wall Street. The major banks all profited, particularly Westpac, which rose by $0.47 to $16.77. All Ordinaries: 3004.30 (+24.50) Dow Jones: 8850.26 (+139.08) NASDAQ: 1595.91 (+20.96) ...

Midday market wrap: All Ordinaries hits four-month high

... by anxious investors, eked out a slight gain, rising by $0.07 to $4.84. All the major banks were stronger, led again by Westpac, which rose by $0.33 during the morning session to $16.63. All Ordinaries: 3002.30 (+22.50) Dow Jones: 8850.26 (+139.08) NASDAQ ...

VFMC appoints Mary McLaughlin, David Slack joins board

... formerly portfolio manager with State Street Global Advisors in Sydney and prior to that worked as associate director at Westpac Investment Management. VFMC has also announced that David Slack, who retired last year from Melbourne-based Portfolio Partners ...

Afternoon market wrap: AMP continues to fall

... Ordinaries index headed back towards the 3,000-mark, finishing at 2976.10. All major the banks were stronger, led again by Westpac, which added $0.25 to its value to finish at $16.40. Tower finished at $1.34, up 4.7%. All Ordinaries: 2976.10 (+25.30) ...

Midday market wrap: AMP slides towards $5.00

... to a weaker morning session, dropping by $0.08 to $5.02. The softer sentiment was also felt in the banking sector, with Westpac the only one out of the four majors to avoid an early erosion of share price. Elsewhere investors responded positively to ...

Principal Office Fund leaps to six-year high

... in taking the fund forward." Principal was known as BT Office Fund before most of its Australian BT assets were sold to Westpac Banking Corp last year. Principal said it "welcomes IPG as a substantial shareholder on the register and looks forward to ...

Afternoon market wrap: All Ordinaries continues to climb

... trade, pushing the All Ordinaries index to an overall gain of 20.80 points over the course of the day. In percentage terms, Westpac was the best performer, rising by $0.19 to $15.84. However AMP continued to suffer, edging back down towards the $5.00 ...