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Midday market wrap: All Ordinaries falls, AMP rebounds

AMP shares rebounded to $5.13 at lunchtime after trading beneath $5.00 during the morning session. Takeover talk boosted shares in the Bank of Western Australia by almost 20% to $4.37, while the major banks were flat to softer. National was the biggest ...

Morning market wrap: US, UK shares fall again

The weaker sentiment on the ASX yesterday was followed by a second consecutive day of losses in London and on Wall Street as economic fears continued to undermine investor confidence. Domestically, AMP shareholders will be anxiously watching the stock ...

Morning market wrap: US shares mark time

US shares ran out of momentum on Wednesday as the Dow Jones lost 27.73 points as investors were prepared to wait on the sidelines in the absence of any market moving economic indicators. The FTSE-100, having broken 4,000 points on Tuesday, slipped back ...

Midday market wrap: Banks lead the index lower, AMP steadies

The major banking stocks were all lower by lunchtime as the market reacted to the falls in both New York and London yesterday. Westpac's $1.05 billion half-year profit failed to save it from the sector-wide drop as the stock dropped $0.51 to $15.49. ...

RBA keeps interest rates on hold at 4.75%

The Reserve Bank of Australia (RBA) has decided to keep interest rates on hold at 4.75%, it announced today. The RBA board met yesterday and, as expected, made no change to interest rate policy. Rates have now been on hold at 4.75% since June 2002 and ...

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 ...

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 ...

Morning market wrap: Mixed signals for US market

The Dow Jones finished slightly lower as investors were subjected to a barrage of mixed signals regarding US economic health. Disappointing earnings figures and manufacturing data indicating a second month of contraction dampened market sentiment. But ...

Afternoon market wrap: Airline stocks continue to climb

The All Ordinaries trailed lower at close of trading today while Qantas and Air New Zealand stocks continued to surge higher. Qantas shares closed at $3.18, up $0.14 or 4.6% and Air New Zealand shares were higher by $0.02 or 5.6% to $0.38. The banking ...

Midday market wrap: Airlines take off again

The All Ordinaries index was marginally stronger during the morning session as most of the market cooled down from yesterday's gains, but airline stocks continued to surge higher. With the SARS crisis apparently easing, Air New Zealand jumped by almost ...