Aussie shares rise over 0.4%
Australian shares closed higher today S&P/ASX 200 0.49 per cent higher.
The S&P/ASX 200 increased 20.6 points, or 0.48 per cent, to 4306.8.
Among the major miners, BHP Billiton increased $0.31, or 0.86 per cent, to 36.54 and Rio Tinto was $0.58, or 0.86 per cent, higher to $68.09.
In financials, ANZ rose $0.13, or 0.59 per cent, to $22.20, CBA was up $0.18, or 0.36 per cent, to $49.70, NAB put on $0.31, or 1.34 per cent, to $23.52 and Westpac gained $0.12, or 0.58 per cent, to $20.78.
In energy, Woodside Petroleum lost $0.22, or 0.58 per cent, to $37.86, Santos was $0.20, or 1.4 per cent, lower to $14.07 and Oil Search dropped $0.04, or 0.57 per cent, to $7.03.
An in retail, Woolworths added $0.15, or 0.6 per cent, to $25.16 and Wesfarmers gained $0.12, or 0.41 per cent, to $29.23.
In earnings, AGL reported statutory net profit of $117 million, down 51.2 per cent compared with a year earlier. Shares fell $0.67, or 4.67 per cent, to $13.67.
Newcrest said it has experienced a production disruption at its Lihir operation “caused by a failure detected in the post autoclave final discharge deaeration tank and continued erratic processing plant restart performance”. It expects March quarter production to be adversely affected by 50,000 to 60,000 ounces. Shares dropped $1.55, or 4.29 per cent, to $34.55.
To Asia, the Nikkei was 40.83 points, or 0.43 per cent, higher to 9636.4 and the Hang Seng was 37.79 points, or 0.18 per cent, higher to 21,418.78.
The Australian dollar was buying 107.41 US cents, 68.2 pence Sterling, 80.31 euro cents and 86.28 Japanese yen.
Published on: Saturday, February 25, 2012blog comments powered by Disqus
Today on Switzer
Part one: for his invaluable insights into the Australian media landscape, don’t miss this interview with former News Corp CEO Kim Williams, who has just released his new book ‘Rules of Engagement’. (Broadcast Monday 1 September 2014.)
While market demand in a booming Sydney has eased slightly in winter, I am expecting a very strong spring season with more stock likely to ramp up activity over the next three months.
Have you ever wondered why Qantas' frequent flyer program is valued over $2 billion? I explain why today.
Part two: the second instalment of Peter Switzer's interview with former News Corp CEO Kim Williams. (Broadcast Monday 1 September 2014.)
The start of a new month ushers in a barrage of economic data, with a Reserve Bank Board meeting thrown in for good measure.
Christine Holgate, CEO of Blackmores, joins Switzer TV for a look at the recent earnings report and how the company is performing. (Broadcast Thursday 28 August 2014.)