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Midday market wrap: Local shares open higher

The Australian share market defied losses in US markets overnight, opening almost 1.0% up on last night's local close. Late in the morning the All Ordinaries had climbed to 3105.5, up 28.6 points from yesterday's finish. The market enjoyed gains across ...

Afternoon market wrap: Shares end at 11-month high

The All Ordinaries closed this afternoon at an eleven-month high, and up almost 30 points on yesterday's finish. The market was propelled by advances across a broad array of sectors, and despite losses overnight in US markets. A strong result from Macquarie ...

Government will keep negative gearing: Costello

WITH AAP  |  WEDNESDAY, 30 JUL 2003
Federal Treasurer Peter Costello has ruled out scrapping negative gearing to help first homebuyers. Mr Costello said such a move would push up rents and hurt people who could least afford it. "If you abolish negative gearing, you would put up the rent," ...

Afternoon market wrap: Shares end off lows

The All Ordinaries index ended the day 16.1 points lower at 3,076.9, although up from lows touched earlier in the morning session. The Australian market followed major international indexes lower, with the rise in US bond yields continuing to hurt valuations ...

Afternoon market wrap: Australian shares end lower

The Australian share market clawed back earlier losses in afternoon trade, although the All Ordinaries still ended the day 10.1 points lower at 3,093.0. Among the market leaders, only National Australia Bank, up 40c to $32.55, and Rio, which rose 5c ...

Centro announces $191 million equity placement

Centro Properties has announced today that an equity placement for $191 million was undertaken on Monday at $3.90 per CEP security. "Centro is pleased that is has been able to continue its active year through the $191 million placement," said Brian ...

Afternoon market wrap: Shares edge up in late trade

The Australian share market continued to defy losses in US markets overnight, creeping higher throughout the afternoon session. The All Ordinaries closed 8.3 points higher at 3,081.3, led by major resource stocks. BHP Billiton closed 20c higher at $9.85 ...

Afternoon market wrap: Shares end marginally higher

The Australian share market managed to eke out further modest gains Thursday afternoon, in an otherwise lacklustre trading session. The All Ordinaries eventually closed at 3,073.0, up 4.9 points on last night's close. The market struggled in the absence ...

Afternoon market wrap: Shares and bonds both stronger

The Australian share market strengthened in afternoon trade, closing 19.6 points higher at 3,068.6. The gains followed strong advances overnight in major offshore markets, and the release locally of a favourable mix of economic data. The ABS reported ...

Morning market wrap: US bonds continue sell-off

US bond yields jumped sharply higher overnight, continuing the sell-off that began in earnest with Fed chairman Alan Greenspan's Congressional testimony last week. The yield on the benchmark 10-year government bond rose 21 basis points to 4.21%, and ...