Provided by The Australian Investor
Wednesday 10th October 2001 |
Text too small? |
Leading the recovery were telecommunication stocks, with the telecommunications index jumping 25 points (2.2 per cent) to 1167.5. Telstra regained 14 cents (2.7 per cent) to $5.25, Austar surged 6 cents (22 per cent) to 30 cents after announcing it would be launching interactive television with its Pay-TV services and Singapore Telecommunications gained 3 cents to $1.94
Resource stocks pushed forward, the resource index climbing 14 points (1 per cent) to 1359.8. Rio Tinto gained 74 cents (2.3 per cent) to $32.80, WMC jumped 18 cents (2.4 per cent) to $7.79 while Resolute Mining surged another 5 cents (9.8 per cent) to 54 cents after announcing on Friday it would expand the activities of its Golden Pride gold-mine in Tanzania. Not faring as well were Iluka Resources down 9 cents (2.4 per cent) to $3.61, Lihir Gold down 5 cents (4 per cent) to $1.21 and Newcrest Mining down 7 cents to $3.55.
Media stocks made a small recovery after a disastrous Monday, the media index up 99.6 points (0.4 per cent) to 24592.6. Western Australian Newspapers jumped 11 cents (2.2 per cent) to $5.17, Austereo gained 3 cents to $1.98 while Fairfax lost 9 cents to $3.23.
The banking sector remained sluggish, ANZ dropped 46 cents (2.7 per cent) to $16.45, the Commonwealth Bank lost 35 cents to $26.94 while the Bank of WA gained 13 cents (3.5 per cent) to $3.85 and Westpac jumped 18 cents to $13.94
Leighton Holdings gained 39 cents (3.7 per cent) to $10.79 after announcing it had been awarded a $100 million rail contract with the Indonesia government. Coles Myer gained a further 33 cents (4.7 per cent) to $7.40 after its $333 million profit result while fellow retailer Country Road plummeted 20 cents (14.3 per cent) to $1.20.
Among the other movers were Energy Developments up 23 cents (3.2 per cent) to $7.40, Southcorp up 22 cents (3.2 per cent) to $7.28 and Caltex up 3 cents (3.4 per cent) to 99 cents.
- Industrials
The S&P/ASX 200 Industrials index gained 16.6 points (0.3 per cent) to 5451.7
- Resources
The S&P/ASX 200 Resources index gained 15.2 points (1.1 per cent) to 1377
- Gold
The gold index dropped 2.2 points to 886.4
- AUD
At 1600 local time the Aussie dollar was trading at:
$US 0.5066 up from 0.5055
Euro 0.5501 down from 0.551
Yen 60.75 up from 60.7
$NZ $1.2169down from $1.2174
Stg 0.3441 up from 0.3413
- Asian Markets
In TOKYO, The Nikkei dropped 194.1 points (1.9 per cent) to 10111.7
In HONG KONG, The Hang Seng gained 346.2 points (3.5 per cent) to 10314 by the end of the first session
No comments yet
Second St John withdrawal of labour takes effect tomorrow with further strikes likely
Sanford Appoints Independent Director
CRP ADVISES CLOSURE OF SHARE OFFER TO EXISTING INVESTOR
Devon Funds Morning Note - 14 August 2024
OCR 5.25% - Monetary restraint tempered as inflation converges on target
Consumers still need due diligence as new deposit takers emerge.
Woolworths strike: staff asked to dress up in Disney costumes for a week on their own dollar
Turners Invests in Quashed Online Insurance Platform
PGW Reports on Challenging Year
Arvida Announces Executive Team Changes