Market Reports
Investors dump local stocks
24 May |
Australian shares reversed early gains to post another big sell-off as faltering banks and market volatility around the region hit investor sentiment.
Around the market
| Dow Jones | 15303.1 | 8.6 | 0.06% |
| Nasdaq | 3459.14 | -0.3 | -0.01% |
| Hang Seng | 22618.67 | -51.0 | -0.23% |
| AUD/USD | 0.9650 | 0.0000 | 0.00% |
Dow Jones - end of day pricing.
Market News
Crown offloads $264m stake in Echo
James Packer's Crown Limited has offloaded its 10 per cent stake in rival Echo Entertainment, in a clear signal it is confident of gaining approval for its own casino in Sydney.
ASIC takes exchange to task over computer glitch delays
The ASX took more than three hours to warn a computer failure had knocked out its critical market announcements feed.
Latest Company Announcements
| 07:10 AM | ZOR | End of Day |
| 07:10 AM | DIS | Notice of General Meeting/Proxy Form |
| 07:10 AM | NST | Release of Shares from Voluntary Escrow |
| 07:10 AM | SXX | Change of Director's Interest Notice |
| 07:10 AM | SSO | Daily Fund Update |
| 07:10 AM | OZR | Daily Fund Update |
| 07:10 AM | OZF | Daily Fund Update |
| 07:10 AM | SYI | Daily Fund Update |
| 07:10 AM | STW | Daily Fund Update |
| 07:10 AM | SLF | Daily Fund Update |
| 07:10 AM | SFY | Daily Fund Update |
| 07:10 AM | NGX | Operational update - May 2013 |
S&P500 'will gain until 2015'
Goldman Sachs says the US stock-market rally may last at least until 2015, sending the S&P500 Index to 2100.
Insider Tips
Fairfax shareholders keen for news
MATTHEW KIDMAN |
There is a great deal of anticipation for the investor day of Fairfax Media, owner of The Age and The Sydney Morning Herald.
- Matthew Kidman How much more bull can world markets bear?
- Intelligent Investor Australia's most overpaid CEO?
- AGM Buffett's Berkshire 'bear' lacks bite
- Motley Fool An 'unbeatable' investment?
- Elizabeth Knight It's win-win for Telstra investors
- Golden days may not be over yet
- Motley Fool A bubble, to Bitcoin a phrase
Director's & Substantial shareholders Dealings
| 07:10 AM | PBG | Change in substantial holding |
| 07:10 AM | UCL | Change in substantial holding |
| 07:10 AM | PGL | Change in substantial holding |
Beware of index share funds posturing as active managers
The recent increase in the price of an ASX share highlights how excess fees are being charged.
Currencies
Dollar skids against yen
4:36pm |
The Australian dollar was battered against the yen and nursed losses on the greenback as market volatility rattled investor confidence.
| AUD/USD | Buys: 0.9650 | Sells: 0.9645 | 0.0000 | 0.00% |
| AUD/EUR | Buys: 0.7463 | Sells: 0.7457 | 0.0000 | 0.00% |
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