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Market Wrap

AAP  |  THURSDAY, 7 JUN 2012
... Australian stocks continued to climb at noon, as investors showed renewed confidence in global markets to make up for Monday's big losses. At 1201 AEST on Thursday, the benchmark S&P/ASX200 index was up 55.9 points, or 1.38 per cent, at 4,111.2, while ...

All juiced up

BENJAMIN ONG  |  THURSDAY, 7 JUN 2012
... percentage point. Now how could a small economy like Australia move markets? Perhaps, it's the implication that China (our other big brother) is not slowing that much after all. We might not get to see the promised juice delivered. But then who cares? ...

AMP infra fund buys into Indian energy

BEN COLLINS  |  WEDNESDAY, 6 JUN 2012
The AMP Capital Asian Giants Infrastructure Fund has acquired a significant minority stake in Indian clean energy company Shalivahana Green Energy Limited for approximately US$29 million. Based in Hyderabad India, Shalivahana Green Energy Limited (SGEL) ...

Equity value - cheap or the new normal?

BENJAMIN ONG  |  WEDNESDAY, 6 JUN 2012
There must be some truth in reports that came out a few days ago, that Australians have now surpassed the Brits as the world's biggest whingers. Whinge, whinge, whinge. This went on full display right here, right now after the RBA decided to give the ...

Market Wrap

AAP  |  TUESDAY, 5 JUN 2012
... cents, or 2.07 per cent, to $31.51. Major banks and financials stocks also climbed higher, with ANZ Banking Group leading the big four banks up after gaining 39 cents, or 1.87 per cent, to $21.26. Telstra's stock was steady at $3.66. Consumer staples ...

Market Wrap - Midday

AAP  |  MONDAY, 4 JUN 2012
... said. "You'd expect to see some stop losses getting hit and some investors really moving to the sidelines. "We haven't seen a big crash below 4,000 yet, so that specific technical impact hasn't made itself felt today." More selling of risk assets dominated ...

"If it becomes necessary" time?

BENJAMIN ONG  |  MONDAY, 4 JUN 2012
... would have been not as bad if we got a good reading from the US non-farm payrolls report. But we did not. Economists missed big time. US businesses hired only 69,000 workers, almost half the 150,000 predicted by the experts. What's more, 49,000 jobs ...

Down and out in May

BENJAMIN ONG  |  FRIDAY, 1 JUN 2012
... giving more meat to that age-old adage on Wall Street to "sell in May, then go away." Investors sold all right. They sold big time and went far, far away. How far, far away? The S&P 500 dropped by 6.3% in the month - and that's the good news. Here are ...

Market Wrap - Midday

AAP  |  THURSDAY, 31 MAY 2012
... close of $US1,548.75. Banks and financials remained firmly in the red, with National Australia Bank the worst performer of the big four banks after its stock traded without a dividend on Thursday. The bank's stock plummeted $1.395, or 5.86 per cent ...

Not that rainy day feeling again

BENJAMIN ONG  |  THURSDAY, 31 MAY 2012
... continue. Yes Virginia, we got volatility all right but the optimism didn't last. Wall Street and European equities gave back the big gains they made only yesterday - and then some - as fresh polls in Greece show the anti-bailout party has regained the ...