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ASIC launches probe into futures trade ahead of AMP announcement

... Investments Commission (ASIC), today confirmed that ASIC is making enquiries into the trading of futures contract ahead of AMP's announcement of is demerger plans last Thursday. The contracts were traded in the Share Price Index (SPI) on the Sydney Futures ...

Morning market wrap: Market turns spotlight on AMP

After yesterday's massive loss in share value AMP shareholders will be hoping for a period of consolidation but last week's proposed demerger and $2.6 billion writedown will have created significant doubts among some investors. The May Day public holiday ...

Afternoon market wrap: AMP suffers afternoon slump

... Ordinaries index continued to retreat in afternoon trade, finishing 10.50 points lower over the course of the day at 2937.50. AMP shares rose during the morning session, but then slipped into reverse to finish at $5.40, a loss of $0.20. Westpac bucked ...

Midday market wrap: All Ordinaries edges lower

The All Ordinaries index was marginally lower at lunchtime in a mixed session for blue chips. AMP moved $0.05 higher to $5.65 although the company continues to attract controversy. ASIC has declared that is investigating heavy futures trade on the SFE ...

Midday market wrap: AMP weighs down index

... at lunchtime, reflecting a strong finish last week in London and New York, although the 40 per cent plummet in the value of AMP shares severely limited any move to the upside. After institutional investors poured $1.2 billion into the ailing financial ...

AMP sees 40 per cent wiped off share value

AMP shares were trading at $5.53 by mid-morning, effectively wiping off 40 per cent of the company's share value, as the stock re-opened on the Australia Stock Exchange following Thursday's trading halt. The price is a slight premium to the $5.50 paid ...

Listed property sector rebounds in March-survey

... of Listed property was in part due to increased institutional interest in the sector, sparked by Centro Property's bid for AMP's Shopping Centre Trust (ART) on March 18. Although that bid has become bogged down due to a dispute over pre-emptive co-ownership ...

Morning market wrap: AMP braced for $3.00 fall

AMP shares are likely to start trading at around $5.60-5.70 after the company announced that it had raised $1.2 billion from institutional investors at a price of around $5.50. AMP chief executive officer Andrew Mohl said, "we are very pleased with ...

Afternoon market wrap: Index edges higher in afternoon trade

The All Ordinaries, although handicapped by the massive loss on the value of AMP shares, rose slightly in afternoon trade as other blue chips and the banking sector tracked the gains recorded at the end of last week in London and in New York. AMP finished ...

InvestorWeb backs growth managers despite performance woes

... to take into account performance data as at February 28. The upgrades are as follows: ABN Amro: Buy from Investment Grade AMP Henderson Value: Strong Buy from Buy Equity Trustees (ASX 100): Buy from Investment Grade Investors Mutual: Strong Buy from ...