Sharemarket Wrap 3 Aug 2012
The All Ordinaries Index fell 47.1 points to end the day 1.1% lower at 4,243.
BHP Billiton Limited (BHP) ended the day 2.2% lower to close at $31.30 after announcing plans to writedown the value of its US shale and Australian nickel assets. BHP will record an impairment of US$2.84bn against the carrying value of its Fayetteville shale gas assets acquired from Chesapeake Energy in February 2011. The company will also recognise a US$450m charge against the carrying value of its Nickel West assets as a result of margin deterioration.
Resmed Inc. (RMD) gained 9.3% to close at $3.30 after announcing better than expect full year results. RMD reported FY12 net profit of $255m, an increase of 12% compared to the year ended June 30, 2011. RMD declared quarterly dividend of US$0.17 per share, which will have a record date of September 7, 2012, and be payable on September 28, 2012.
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Best performing stocks:
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ResMed Inc. (RMD)
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$3.30
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+9.27%
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Bendigo and Adelaide (BEN)
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$8.39
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+1.08%
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Investa Office Fund (IOF)
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$2.93
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+1.03%
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Centro Retail Aust (CRF)
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$2.02
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+1.00%
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Fairfax Media Ltd (FXJ)
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$0.52
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+0.98%
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Major stock falls:
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Boart Longyear (BLY)
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$2.10
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-11.39%
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Iluka Resources (ILU)
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$8.74
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-5.51%
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Campbell Brothers (CPB)
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$8.62
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-5.27%
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Sims Metal Mgmt Ltd (SGM)
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$7.87
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-5.07%
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Leighton Holdings (LEI)
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$16.00
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-5.04%
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Source: ASX, Lonsec