Australian Market Slips In To The Red In Mid-market Trades

RTTNews | 186天前

(RTTNews) - The Australian stock market is slipping in to the red in mid-market moves on Friday after opening in the green, extending the losses in the previous four sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,300 level, with a mixed performance across most sectors. Mining stocks are the only bright spot as the underlying metal prices are higher.

The benchmark S&P/ASX 200 Index is losing 14.10 points or 0.17 percent to 8,308.70, after touching a high of 8,354.00 and a low of 8,301.10 earlier. The broader All Ordinaries Index is down 13.80 points or 0.16 percent to 8,587.90. Australian stocks closed sharply lower on Thursday.

Among major miners, BHP Group is gaining more than 2 percent, Rio Tinto is advancing almost 3 percent, Fortescue Metals is adding more than 3 percent and Mineral Resources is surging almost 5 percent.

Oil stocks are mostly higher. Origin Energy is gaining more than 2 percent, while Woodside Energy and Beach energy are edging up 0.1 to 0.5 percent each. Santos is edging down 0.2 percent.

Among tech stocks, Xero is losing almost 2 percent and Zip is declining almost 3 percent, while Appen is gaining almost 3 percent. WiseTech Global is still in a trading halt amid a series of allegations levelled against its founder Richard White. Afterpay-owner Block is slipping more than 7 percent after reporting mixed performance for the full-year 2024.

Among the big four banks, Commonwealth Bank is declining more than 2 percent and National Australia Bank is edging down 0.2 percent, while ANZ Banking and Westpac are losing almost 1 percent each. Gold miners are mixed. Evolution Mining is losing almost 1 percent and Gold Road Resources is declining 2.5 percent, while Resolute Mining is advancing almost 5 percent and Northern Star Resources is gaining almost 1 percent. Newmont is flat.

In other news, shares in Domain Holdings are skyrocketing more than 39 percent after US real estate giant CoStar floated a $2.7 billion bid to acquire the real estate platform. Shares in Domain owner Nine Entertainment are also soaring almost 22 percent.

Shares in Guzman y Gomez are tumbling more than 7 percent after the food retailer reported half-year underlying earnings fell short of market consensus, but said it expects to exceed full-year profit forecasts in 2025 owing to strong first-half sales.

Shares in Spark New Zealand are tumbling more than 18 percent after the broadband provider lowered its 2025 earning guidance on poor performance from its enterprise and government division.

Shares in Jumbo Interactive are tumbling more than 9 percent after the lottery retailer posted a decline in earnings in the first half, citing a subdued environment for jackpots. It also lower its dividend by 11.1 percent.

Shares in Mayne Pharma are skyrocketing more than 33 percent after the pharmaceutical company revealed that it has accepted a $7.40 per share takeover offer from US-based Cosette Pharmaceuticals.

Shares in Telix Pharmaceuticals are jumping almost 14 percent after reporting upbeat full-year results.

In the currency market, the Aussie dollar is trading at $0.640 on Friday.

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 47分钟前

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 1小时14分钟前

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1小时17分钟前

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1小时32分钟前

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 1小时35分钟前

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 1小时47分钟前

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 2小时17分钟前

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2小时47分钟前

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