Sharemarket Wrap 7 May 2012
My tweet on the 5th may and the markets today
@gregnazvanov Baltic Dry fall appears mainly due to more ships. But actually I am looking for a correction. See last tweet from me
— Shane Oliver (@ShaneOliverAMP) May 5, 2012
The All Ordinaries index lost 97.8 points to end the day 2.19% lower at 4,361.6.
Orica Limited (ORI) lost 0.53% to close at $26.40 after announcing Net Profit for 1H12 of $253m, down $11m on the pcp.
Orica experienced stronger demand in most mining markets and improved pricing which partly offset a $90 million impact to earnings before interest and tax (EBIT) arising from loss of containment incidents at Kooragang Island and the adverse impact from foreign exchange movements.
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Best performing stocks:
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Dexus Property Group (DXS)
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$0.94
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1.08%
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Ramsay Health Care (RHC)
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$20.47
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0.69%
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Seek Limited (SEK)
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$7.17
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0.00%
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Spark Infrastructure (SKI)
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$1.41
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0.00%
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Coca-Cola Amatil (CCL)
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$12.55
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0.00%
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Major stock falls:
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Alumina Limited (AWC)
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$1.03
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-6.79%
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Paladin Energy Ltd (PDN)
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$1.45
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-6.77%
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OneSteel Limited (OST)
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$1.23
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-6.49%
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Whitehaven Coal (WHC)
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$4.60
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-6.31%
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Fortescue Metals Grp (FMG)
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$5.20
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-5.97%
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Source: ASX, Lonsec