Business News

Aussie shares rise over 0.4%

| More

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.

The All Ords was up 21.5 points, or 0.49 per cent, to 4389.

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, 2012

blog comments powered by Disqus

Today on Switzer

  • skynews9140579038

    Christopher Joye

    Video

    Christopher Joye of the Australian Financial Review provides his take on the so-called housing bubble and the vulnerability of our banks, plus much more. (Broadcast Tuesday 23 September 2014.)

    See more

  • skynews9140575038

    George Boubouras

    Video

    To work out where we are with this nervous stock market, fund manager George Boubouras joins the Switzer TV hot seat. (Broadcast Tuesday 23 September 2014.)

    See more


  • 200-housing

    Tackling Australia's housing market problems

    David Bassanese

    The Reserve Bank of Australia (RBA) will today unveil its quarterly Financial Stability Review, and is likely to ratchet up its rhetoric against rising house prices.

    See more

  • skynews9140624038

    Matt Moran

    Video

    Having built a successful restaurant empire to hosting his own award-winning television show Paddock to Plate, chef Matt Moran shares his entrepreneurial story. (Broadcast Tuesday 23 September 2014.)

    See more


  • skynews9138662038

    Michael Knox

    Video

    Morgans’ Michael Knox explains why the local stock market is diving, while Wall Street is in record territory. So how should we be playing the stock market right now? (Broadcast Monday 22 September 2014.)

    See more

  • brisbane200

    2014 McGrath Report: Brisbane

    John McGrath

    Over the next three years, I believe Brisbane and South-East Queensland will deliver the best capital growth of all the major cities and presents a fantastic opportunity for southern investors, downsizers and seachanging families.

    See more


Subscribe_normal_normal

  THE SWITZER FEED
Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300