Australian share market loses early gains

Wednesday, 7 Sep 2016 15:58:35

File pic of Aust share market board (Mick Tsikas: AAP Image)

The Australian share market climbed 0.19 per cent during trading today.

The All Ordinaries closed at 5,521, while the ASX 200 closed at 5,424.

There were big gains in the morning, but today's GDP figures — which did not hold any surprises — were a disappointment for investors, who decided to sell.

The market dropped back again to erase all its gains and end just 10 points higher.

The big banks started slowly but ended higher, with CBA up 80 cents to $72.56. ANZ lifted 14 cents to $27.38, Westpac gained 48 cents to $30.07, and NAB gained 10 cents to $27.80.

Stocks in the ASX lost ground, dropping 76 cents to $50.52.

There was a mixed result for mining companies, with Rio Tinto losing 37 cents to $48.16 and Fortescue dropping 18 cents to $4.99 while Newcrest lifted 72 cents to $23.32.

About 10 companies went ex-dividend today, including Qantas, Cochlear, Caltex and Spotless.

In commodities on Tuesday afternoon, gold was higher at US$1,350 an ounce, iron ore was lower at US$58.60 a tonne and oil was higher at US$44.80 a barrel.

The Australian dollar had dropped back against the US currency to buy 76.7 US cents.

AustraliaPlus

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Australian share market loses early gains

Email this to your friend