Australian Foundation Investment Company Limited
ASX:AFI ISIN:AU000000AFI5
Australia-based, closed-end investment company. The Company aims to provide shareholders with investment returns through access to a stream of dividends and improvement of capital invested. The investment goals of the Company are to pay dividends which, over time, grow faster than the rate of inflation; and to provide total returns over the medium to long term.
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News
US stocks closed slightly higher on a strong sign of recovery in US housing sector. The Commerce Department said on Monday that sales of new homes rose by 11% in June. Earning news dominated the market in recent trading sessions with most of the reports beating the expectation.
Yesterday the Australian shares ended higher led by banking sector. The benchmark S&P/ASX200 share index gained 1.5%, or 51.5 points, to 3495.5 points. The broader All Ordinaries index gained 1.3%, or 42.8 points, to 3435.1.
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