Aussie shares continued on their recent upward trend and closed higher today. Rio Tinto, BHP Billiton and other resource stocks benefited from rallying base metal prices on the London Metal Exchange overnight. Financials also boosted the local market today.
This afternoon the Reserve Bank announced that interest rates will stay on hold for a fourth month at 3% and the market now expects that further rate cuts are unlikely.
The S&P/ASX 200 Index closed 46 points higher at 4,309 while on the futures market, the SPI200’s up 50.
To company news around this afternoon,
Asciano Group (ASX:AIO) has had the general manager of its Patrick container ports division, Doug Schultz, resign to pursue other career opportunities. The role will be filled internally by the current head of the Pacific National intermodal business Paul Garaty. The transport infrastructure company also said that CEO Don Telford will retire and that various management changes are underway. Asciano’s shares closed 0.63% lower at $1.575.
Gas producer Arrow Energy (ASX:AOE) has signed a production sharing contract with the Indonesian government for a project in South Sumatra. Arrow will be the operator of the project and holds the largest stake at 45%, while two other partners have a 27.5% interest each. Arrow said discussions have been going on for some time about this arrangement and sais it believes it is a high quality resource. Arrow Energy shares closed 1.66% lower at $4.15.
Also making news today: Biotechnology firm Starpharma Holdings (ASX:SPL) said it expects to post a full year net loss after tax of about $4.1 million. The forecast is a 45 per cent improvement on the prior year.
David Jones (ASX:DJS) shares closed higher today. Rival Myer said it plans to list as early as next year.
Taking a look at some of the stories covered in our earlier reports:
ANZ Banking Group (ASX:ANZ) has acquired selected Royal Bank of Scotland businesses in Asia for around US$550 million.
Ten Network Holdings (ASX:TEN) has confirmed its earnings guidance for the financial year, and announced a fully underwritten equity raising of approximately $138 million and shares are in a trading halt.
Now to the best and worst performers: one of the best performing sectors at close was the Materials index, up 219 points to 11,358; while the worst performing sector at close was the Utilities index; down 130 points to 4,025.
The best performing stock in the S&P/ ASX200 was Austar shares rose 8.65 per cent to $1.13. Shares in Panoramic Resources and Incitec Pivot also closed higher.
The worst performing stock was Goodman Group with shares falling 10.09 per cent to $0.49. Shares in Macmahon Holdings and Linc Energy also closed lower.
In commodities, gold is trading at $955.10 U.S an ounce and light crude is down 74 cents at $70.84 U.S a barrel.
Tags: Asciano Group, au, Biotechnology, Gas producer
Websites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
Blogs to check…
[...] Only one site which I could perhaps think about for deeper information [...]…
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Links…
[...]Sites of interest we have a link to[...]……
Payday loans are easily processed without the necessity for a credit check making one hour payday loans very possible…
[...]Because the entire process is so simple and the requirements are minimal, you can get the money you need with your personal computer and the Internet[...]…
[...]Among the bad credit record stores that are permitted in this payment option are defaults, delayed payments and skipping monthly installments among others[...]…
Nothing matters except that you have a steady income and are able to pay the money back in a timely manner…
[...]The information mentioned in the article are some of the best available [...]……
[...]below you’ll find the link to some sites that we think you should visit[...]……
Links…
[...] just down the page, are numerous totally not relevant sites to ours, however, they’re surely worth going over [...]…
[...]It should be provided clearly and stated simply for an easier comprehension[...]…
In many cases the amount lenders are able to charge for these loans is also capped in many states and the fees for no credit payday loans are usually determined by the size of your cash advance…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from[...]……
[...]just beneath, are numerous totally not related sites to ours, however, they are surely worth going over[...]……
[...]Beginners to loans like these should read all the available information on the lenders website to make sure they are well informed[...]…
It never actually hurts to take a look so make sure to keep that in mind…
[...]One would not have to go through a credit check[...]…
If during the initial verification process, a lender notices that the person that they are lending funds to cannot repay the funds that are being given, then the entire loan process will be ceased…
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
Websites you should visit…
[...]below you’ll find the link to some sites that we think you should visit[...]……
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Cottages for Sale Ontario…
[...]the time to study or stop by the content or web sites we’ve linked to below the[...]…
Awesome site…
[...] undoubtedly one of our guests recently commended the following site [...]…
Coolest blog entry……
[...] may probably have used up the lack of this points driven by way of your self on [...]…
Unique Carved Glass Awards…
[...]very few internet sites that take place to be in depth beneath, from our point of view are undoubtedly very well really worth checking out[...]…
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
dyson dc26…
[...]please visit the web sites we adhere to, such as this 1, because it represents our picks from the web[...]…
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
elliptical machines reviews…
[...]the time to study or stop by the subject material or sites we’ve linked to below the[...]…
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Sources……
[...] Tend not to smoke a pipe or consume alcohol as they can additionally bring about heartburn. The correct way regarding how to treat heartburn is to lower the spice content [...]…
Informative and precise…
Its difficult to find informative and accurate information but here I found…
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
Sites we Like……
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……
Cool sites…
[...]we came across a cool site that you might enjoy. Take a look if you want[...]……
Recent Blogroll Additions……
[...]usually posts some very interesting stuff like this. If you’re new to this site[...]……
Recommeneded websites…
[...]Here are some of the sites we recommend for our visitors[...]……
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
frostwire free download…
[...]The information mentioned in the article are some of the best available frostwire free download[...]……
Great website…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[...]……
You should check this out…
[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]……
torrent pirate bay…
[...]we like to honor many other internet sites on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out torrent pirate bay[...]……
Sites we Like……
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose [...]……
Sources…
[...]check below, are some totally unrelated websites to ours, however, they are most trustworthy sources that we use[...]……
adobe photoshop cs5…
[...]always a big fan of linking to bloggers that I love but don’t get a lot of link love from adobe photoshop cs5[...]……
in 1963 and began promoting them as…
“the bad boys of rock and roll”, compared to the beatles’ squeaky clean image. oldham also produced their first albums between 1964 and 1967.the rolling stones’ first uk tour took place in 1964, along with the ronettes.their first american top 40…
download bearshare…
[...]usually posts some very interesting stuff like this. If you’re new to this site download bearshare[...]……
Not a chance……
[...] Now each time a person looks at the existing fashion assertion, it can be measurement zero [...]…
Links…
[...] that is the end of this informative article. Here you can find a number of sites that we really feel you’ll like, follow on the links over [...]…
toronto escorts…
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose toronto escorts [...]……
Online Article……
[...]The information mentioned in the article are some of the best available [...]……
plants. for this reason sometimes it is…
called or referred to as soy estrogen.it is a known fact that estrogen is one of most important hormones for female, but too many estrogens can give a harmful effect either. the isoflavones genistein and daidzein are soy estrogen but rather…
Websites we think you should visit…
[...]although websites we backlink to below are considerably not related to ours, we feel they are actually worth a go through, so have a look[...]……
ccleaner download…
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose ccleaner download [...]……
You should check this out…
[...] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well [...]……
frostwire download…
[...] Every once in a while we choose blogs that we read. Listed below are the latest sites that we choose frostwire download [...]……