Commercial Banking

Australian Market Report of May 26: Banks Hit by the Short Sell Ban Lift

🕔5/26/2009 1:00:08 PM

Yesterday the Australian shares ended lower dragged by financial stocks after the lifting the eight-month short-selling ban. The market was also hit by news of a nuclear weapon test by North Korea. The benchmark S&P/ASX200 index fell 23.7 points, or 0.63 per cent, to 3737.9, while the broader All Ordinaries index was down 20.1 points, or 0.54 per cent, to 3735.3.

Read Full Article

Australian Market Report of May 13: Market Took a Break after Rally

🕔5/13/2009 1:00:47 PM

Yesterday the Australian shares fell in a day of light trading as the market had a breather after a few weeks of rally. The benchmark S&P/ASX200 index were 1.2%, or 48.8 points, lower at 3877.2, while the broader All Ordinaries index was down 1.2%, or 46.9 points, at 3863.6.

Read Full Article

Australian Market Report of May 6: Weak Lead From Overseas

🕔5/6/2009 1:00:52 PM

Yesterday Australian market was marginally higher, boosted by rally overseas. The benchmark S&P/ASX200 gained 7.4 points, or 0.19 per cent, at 3890.4, while the broader All Ordinaries rose 16.2 points, or 0.42 per cent, to 3862.2.

Read Full Article

Australian Market Report of May 5: Hopes for Global Recovery

🕔5/5/2009 1:00:57 PM

The Australian shares posted strong gains yesterday. The benchmark S&P/ASX200 index ended 3% higher, or 113.4 points, at 3883. The broad-market All Ordinaries index was up 2.9%, or 108.1 points, at 3846. Today the local market is expected to extend its rally after the boost of overseas and rising commodities prices. Reserve Bank of Australia's interest rate decision will be the focus of the day.

Read Full Article

Australian Market Report of May 4: Market Digested Mixed News

🕔5/4/2009 1:00:42 PM

The Australian shares were marginally lower on Friday. On Friday the benchmark S&P/ASX200 ended 10.9 points, or 0.3%, lower at 3769.6, while the broader All Ordinaries fell 6.8 points, or 0.2%, to 3737.9.

Read Full Article

Asian Markets Overview of April 23

🕔4/23/2009 3:00:22 PM

Asian major markets opened mixed on Thursday. South Korea's KOSPI and Hong Kong' Hang Seng Index were up in the morning, while Tokyo stocks traded lower, struggling between good and bad news.

Read Full Article

Australian Market Report of April 21: Doubts over Banks' Profitability

🕔4/21/2009 1:00:29 PM

Yesterday, the Australian stocks closed slightly lower dragged by the major miners. The benchmark S&P/ASX200 index fell 0.2%, or 7.7 points, at 3769 points, while the All Ordinaries index was also down 0.2%, or 5.8 points, at 3722.3.

Read Full Article