ASX

ASX 200 is looking for a direction

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The ASX 200 bounced off the support at 4350 and is testing long-term resistance at 4450.  Breakout above 4450 would signal a target of 4900, failure to break will point to a downside. 

Aussie Index Options

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Call and put options may be traded on the ASX 200 (code XJO), the ASX 200 Property Trusts Index (XPJ) and ASX 50 (XFL).  

The ASX200 Index is down to around 4300 from 6800 in 2007 as market correction, Lehman collapse, panic and a litany of margin selling of stocks brough the market to the lows and where id did not yet recover. In effect, we witnessed a significant unwinding of high gearing levels of investors that had built up gradually since 2000 at the very start of the credit-fueled bull market.

Sharemarket Wrap 30 Aug 2012

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The All Ordinaries Index fell 41.3 points to end the day 0.9% lower at 4,340.2. 
Stockland (SGP) ended the day 0.3% higher at $3.17 after announcing that it has agreed to sell 45 St Georges Terrace in Perth to a private offshore investor for $55.3m, in line with 30 June 2012 book value.
 

Sharemarket Wrap 22 Aug 2012

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The All Ordinaries Index fell 7.5 points to end the day 0.2% lower at 4,403.3. 
BHP Billiton Limited (BHP) fell 0.3% to close at $33.16 after reporting underlying EBIT of US$27.2bn in FY12, down 15% on pcp. Attributable profit excluding exceptional items declined by 21% to US$17.1bn.
 
Coca-Cola Amatil Limited (CCL) gained 0.4% to close at $13.92 after reporting 1H12 underlying NPAT of $247.1m, up 5.6% on the pcp. The company declared a interim dividend  of 24cps (ff), up 9.1% on the pcp.
 

Sharemarket Wrap 21 Aug 2012

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The All Ordinaries Index gained 18.9 points to end the day 0.4% higher at 4,410.8. 

Sharemarket Wrap 20 Aug 2012

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The All Ordinaries Index end the day mostly flat at 4,391.9. 
 
Challenger Limited (CGF) fell 2.3% to close at $3.76 after reporting normalised profit of $297m in FY12, 20% higher than in the pcp. Challenger Life’s retail sales grew by 34% over the prior year, outstripping both the original and upgraded targets of 25% and 30% growth, respectively.

Sharemarket Wrap 15 Aug 2012

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The All Ordinaries Index fell 10.4 points to end the day 0.2% lower at 4,307. 
 
Commonwealth Bank of Australia (CBA) gained 0.9% to close at $56.05 after it reported an 11% rise in net profit to $7.1bn in FY12. Despite the profit growth, CBA’s net-interest margin was 2.09%, down 3bps on the prior year.
 

Sharemarket Wrap 13 August 2012

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Sharemarket Wrap 3 Aug 2012

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The All Ordinaries Index fell 47.1 points to end the day 1.1% lower at 4,243. 

Sharemarket Wrap 30 July 2012

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