ASX

 The Australian sharemarket slightly recovered from recent sell-off, with All Ords up 27.8 points or 0.65% to 4262.2 and S&P/ASX200 up 0.66% or 27.3 to 4171.

James Hardie Industries SE (JHX) gained 2.24% to close at $7.31 after announcing that it had received a refund of nearly $122m from the Australian Taxation Office, in the final installment of its due repayment.

The All Ordinaries index lost 61.1 points to end the day 1.42% lower at 4,234.4.  That was expected - see yesterday's post here.

The All Ordinaries index lost 58.7 points to end the day lower at 4,295.5.   S&P/ASX200 lost 58.3 points or 1.37% to 4,204.7.  Yesterday we posted that actually expected this drop.  Read here  And if it does not drop by MORE than -1% tomorrow at the open I will eat my hat!

The All Ordinaries index gained 8.5 points to end the day 0.20% higher at 4,327.4.

The All Ordinaries index fell 40.5 points to end the day 0.93% lower at 4,318.9.

The All Ordinaries index lost 6.6 points to end the day 0.15% lower at 4,357.1. S&P/ASX200 closed 7.8 points lower.

For investors seeking a moderately geared investment strategy, self-funding instalment (SFI) warrants can be a suitable instrument that provides many of the benefits of owning the underlying asset, with a lower initial outlay of capital. For self managed superannuation funds (SMSFs), instalments — including SFIs — are one of only a few forms of geared equity investment eligible for use within the fund. They offer investors low cost and low administration and, as a result, have become a popular investment alternative for this group.

Convertible notes are a type of hybrid security. Hybrids are listed securities that incorporate features of both debt and equity. The Australian Securities Exchange’s (ASX’s) interest rate security market was capitalised at around $23 billion in March 2011. The main type of hybrid traded on the ASX is the converting preference. Convertible notes are a relatively small sector of the market, and are a method of fund raising used primarily by smaller companies.

The All Ordinaries index ended the day 8.7 points lower to close at 4,325.7.