Sharemarket Wrap 1 August 2012
The All Ordinaries Index ended the day 6.7 point lower to close at 4,282.7.
Crown Limited (CWN) gained 0.2% to close at $8.47 after announcing plans to develop a new six star, luxury hotel in Perth. The total investment in the Crown Towers project is expected to be $568m. Construction is expected to commence in early 2013 and will take approximately 3 years to complete.
Stockland Group (SGP) gained 0.6% to close at $3.37 after announcing the sale of its Bay Village shopping centre on the New South Wales Central Coast to Charter Hall for $164m, which is in line with its book value.
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Best performing stocks:
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Arrium Ltd (ARI)
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$0.76
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+5.56%
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Lynas Corporation (LYC)
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$0.83
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+3.11%
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Toll Holdings Ltd (TOL)
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$4.13
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+2.74%
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Duet Group (DUE)
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$2.12
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+1.92%
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QR National Limited (QRN)
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$3.26
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+1.88%
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Major stock falls:
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Regis Resources (RRL)
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$4.35
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-4.19%
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BlueScope Steel Ltd (BSL)
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$0.26
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-3.77%
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Dexus Property Group (DXS)
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$0.97
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-2.53%
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Amcor Limited (AMC)
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$7.35
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-2.52%
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Whitehaven Coal (WHC)
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$3.58
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-2.45%
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Source: ASX, Lonsec