• SENSEX  
    ( -2.39%)
  • USDINR  
    ( 0.49%)
  • GOLD  
    ( 1.11%)
  • Foreign Markets - Detailed News
Australia Market regains ground on bottom fishing
29-Jan-20   13:38 Hrs IST
The Australian share market finished session lower on Tuesday, 28 January 2020, as Wall Street's solid lead overnight prompted investors to buyback issues oversold following the market's recent rout. However, market gains capped amid lingering worries about the economic impact of China's virus outbreak. At closing bell, the benchmark S&P/ASX200 index advanced 37.07 points, or 0.53%, to 7,031.52, while the broader All Ordinaries added 37.52 points, or 0.53%, to 7,135.87.

The bargain buying propelled on calming fears on the economic impact of the coronavirus outbreak in China after the head of the World Health Organization (WHO) said he was confident in China's ability to stem the virus outbreak. More than 4,500 people have been confirmed ill with the virus and 106 have died with the coronavirus centered in the Chinese city of Wuhan, an industrial hub along the Yangtze river, prompted businesses to close operations and curbed travel.

The United States and several other nations were taking steps to airlift citizens out of a Chinese city at the center of the outbreak. Still, U.S. health officials said Tuesday that, for now, the risks to Americans is very low.

The information technology sector out-performed with a gain of 1.7 per cent, while healthcare was up 1.1 per cent and industrials were up 1 per cent.

Financials also outperformed and added the most points thanks to its weight in the index. Virgin Money gained 9.4 per cent to A$3.50, and Credit Corp gained 4.6 per cent to A$34.33. ANZ Bank was up 1.3 per cent. Macquarie Group gained 1.1 per cent to A$144.60 and Magellan Financial Group gained 2.8 per cent to A$65.51. Magellan's subsidiary MFF Capital Investments announced a fully franked 20 cents special dividend today, giving fund manager and major shareholder Chris Mackay a A$12.8 million pay day.

The biggest decline today was a massive 26 per cent fall in Treasury Wines to the lowest price in 18 months of $12.35 after a profit warning.

Gold miners also dropped with Newcrest Mining down 2.1 per cent, Northern Star down 3.9 per cent, and Evolution Mining down 2 per cent.

Oil producers also softened as Beach Energy dropped a further 1.9 per cent on top of Tuesday's losses,.

ECONOMIC NEWS: Australia Consumer Prices Up 0.7% On Quarter In Q4-- Australia consumer prices were up 0.7 percent on quarter in the fourth quarter of 2019, the Australian Bureau of Statistics said on Wednesday, up from 0.5 percent in the three months prior. On a yearly basis, inflation gained 1.8 percent as compared to 1.7 percent from the Q3 reading.

Australia Leading Index Signals Weak Economic Momentum In First Half Of 2020- Australia's leading index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to -0.32 percent in December from -0.62 percent in November, , data published by Westpac showed on Wednesday. Nonetheless, the index growth remained below zero, representing the thirteenth straight month where the index growth has been negative.

CURRENCY NEWS: The Australian dollar, sensitive to shifts in broader risk appetite, has eased against the greenback. The Australian dollar changed hands at $0.6760 after touching an earlier low of $0.6744.

Powered by Capital Market - Live News

Useful Links

Back to Top
Attention Investors
Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day.............issued in the interest of investors. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account                                    "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
Investors should be cautious of unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.BSE   http://www.bseindia.com/investors/tip-off-registration.aspx?expandable  NSE   https://www.nseindia.com/int_invest/dynacontent/any_portal.htm
All payments to Stock Broker shall be received from the market intermediaries/participants strictly by account payee crossed cheques / demand drafts or by way of direct credit into the bank account through electronic fund transfer, or any other mode permitted by the Reserve Bank of India. Stock Brokers shall not accept cash from their clients either directly or by way of cash deposit to the Bank Account of Stock Broker.
Group Companies Members of : BSE, NSE, MCX, MCX.SX, CDSL, NCDEX, Broking Services, Depository Services, Portfolio Management Services, Member Area IPO Distribution, Insurance Broking
BSE Clearing No.: 911 | SEBI Regn. No.: INZ000177531 (Cash/F&O) | NSE Clearing No.: 11858 | SEBI Regn. No. INZ000177531 (Cash/F&O/CDs) | MCX-SX Clearing No.: 11400 | SEBI Regn. No.: INZ000177531 (CDs) | CDSL DP ID: 30300 | SEBI Regn. No.: IN-DPCDSL-210-2003 | MCX SEBI Reg No.: INZ000032336 | MCX: 10665 | NCDEX: 00254 | NBFC RBI Regn. No.: 13.01851
© Copyright 2018 Ajmera Associates Ltd ( ISO 9001:2015 Certified )
Designed, Developed and Powered By CMOTS Infotech ( ISO 9001:2015 Certified )
Open An Account Today !