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Market Wrap - Morning

AAP  |  WEDNESDAY, 18 JUL 2007
On the Sydney Futures Exchange at 0815 AEST, the September share price index was down 12 points at 6376. In economic news today, the Westpac-Melbourne Institute will release its Indices of Economic Activity for May. In company news, Minara Resources ...

Basis Capital suspends yield fund

WWW.THESHEET.COM  |  TUESDAY, 17 JUL 2007
Local hedge fund manager Basis Capital yesterday suspended redemptions from its $1 billion Basis Yield Fund. The fund manager wrote to investors saying that disruption to the global structured credit market had created difficulties for the fund and ...

Market Wrap - Morning

AAP  |  TUESDAY, 17 JUL 2007
The Australian sharemarket is expected to open relatively flat, with Wall Street providing no major impetus and base metal prices patchy overnight. At 0804 AEST on the Sydney Futures Exchange, the September share price index was up two points at 6386. ...

Market wrap - midday

AAP  |  FRIDAY, 13 JUL 2007
The Australian stock market had surged into record territory at noon, with Rio Tinto's $44 billion takeover bid for Canadian aluminum producer Alcan underpinning solid gains in the resources sector. At 1200 AEST the benchmark S&P/ASX200 was 44.5 points ...

Market wrap - morning

AAP  |  FRIDAY, 13 JUL 2007
The Australian share market is expected to open stronger today after a surge in US stocks, partly buoyed by Rio Tinto's $US38.1 billion ($A44.2 billion) takeover for Canada's Alcan Inc. At 0649 AEST on the Sydney Futures Exchange, the September share ...

Economic round-up: Mortgage meltdown misery

SUZY MAC  |  THURSDAY, 12 JUL 2007
Global share markets have been plagued by jitters over the sorry state of the US sub-prime mortgage sector and the crisis looks to continue with further losses expected. The worst US housing slump since the 1990's, has seen losses mounting on mortgages ...

Market wrap - morning

AAP  |  THURSDAY, 12 JUL 2007
The Australian share market is expected to open stronger today on a positive lead from Wall Street and higher base metal prices. At 0648 AEST on the Sydney Futures Exchange, the September share price index was 24 points higher at 6,351. Today, the Australian ...

Market wrap - midday

AAP  |  WEDNESDAY, 11 JUL 2007
The Australian share market remained lower at noon, but banking stocks were keeping it relatively sturdy after Wall Street fell more than one per cent last night and most commodity prices weakened. Local nickel stocks have been hit hard, as the base ...

Market wrap - morning

AAP  |  WEDNESDAY, 11 JUL 2007
The Australian share market is expected to open lower today after a big fall on Wall Street and in base metal prices. On the Sydney Futures Exchange, the September share price index was 63 points lower at 6,312. Today, the Westpac/Melbourne Institute ...

Market wrap - midday

AAP  |  TUESDAY, 10 JUL 2007
The Australian share market remained weaker at noon, cooling after yesterday's record close, with major miners leading the march downward. At 1200 AEST, the benchmark S&P/ASX200 was down 19.9 points to 6380.7 while the all ordinaries lost 16.9 points ...