Sharemarket Wrap 18 July 2012
The All Ordinaries Index fell 18.9 points to end the day 0.5% lower at 4,156.4.
BHP Billiton Limited (BHP) ended the day 2.0% lower to close at $30.18 after announcing that it has increased its iron ore production by 15% to a record 40.9m tonnes in the three months to 30 June 2012.
Asciano Limited (AIO) ended the day 0.7% higher to close at $4.37after announcing that it will cut 270 jobs after completing a $348m expansion of its container terminal at Port Botany in Sydney.
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Best performing stocks:
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Incitec Pivot (IPL)
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$2.88
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+3.23%
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Seek Limited (SEK)
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$6.15
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+2.33%
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Lend Lease Group (LLC)
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$7.94
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+2.19%
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James Hardie Indust (JHX)
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$8.20
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+1.86%
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Brambles Limited (BXB)
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$6.18
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+1.64%
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Major stock falls:
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Perseus Mining Ltd (PRU)
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$2.40
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-6.61%
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Paladin Energy Ltd (PDN)
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$1.07
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-4.91%
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Newcrest Mining (NCM)
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$21.19
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-3.77%
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PanAust Limited (PNA)
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$2.33
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-3.72%
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Atlas Iron Limited (AGO)
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$1.86
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-3.63%
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Source: ASX, Reuters, Lonsec