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ASX Market Report

Fixed Interest
Close Points
Currency Close Points
All Ordinaries 5321 -28 -0.53 $A vs $US 0.8603 -- 0.03
S&P/ASX 200 5335 -27 -0.50 $A vs GBP 0.5484 -- 0.11
  $A vs YEN 101.42 -0.48 -0.48
  $A vs EUR 0.6923 -- 0.09
  $A vs $NZ 1.0978 -- 0.34
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ASX Code Company Name Impact Recommendation
ALQ ALS Limited (ALQ)
TOL Toll Holdings Limited (TOL)
AWE AWE Limited (AWE)

Tuesday 25 November - The Australian market opened lower today despite a positive lead from Wall Street overnight. Local stocks trended upward around midday as Medibank IPOs made a solid start, but failed to recover losses from the miners and finished well below the flat-line. Negative results were experienced across most sectors with only consumer discretionary and information technology closing in the green. The Australian dollar gained against most major currencies, with the exception of Japanese yen and Canadian dollar.

The All Ordinaries fell -28.10 points (-0.53%) to 5,320.90 while the S&P/ASX 200 dropped -27.00 points (-0.50%) to 5,334.80.

Chorus (CNU)

Chorus announced that it had signed new service company agreements for the cost of connections to its ultra-fast broadband network. The new agreements have enabled the Company to update its connections cost guidance for the current financial year from a previous range of $1,300 to $1,500 (excluding layer 2 and for standard installations only) to a new range of $1,150 to $1,350 (excluding layer 2 and including standard installations and some non-standard single dwelling unit installations). The new agreements are with Visionstream and Downer for fibre network connections to single dwelling unit premises in its Auckland, lower North Island and lower South Island UFB areas. CNU lost 6 cents (-3.23%) to $1.80.

NRW Holdings (NWH)

NRW Holdings provided Revenue guidance on the current financial year in its full year results announcement on the 20th August 2014. At that time Revenues for FY15 were expected to be between $1bn to $1.2bn. The Company has already secured work in the current financial year taking the total value of FY15 Revenue cover to $800m. The Company anticipates, subject to winning new work in accordance with its expectations over the next six months that it will meet the lower end of the previous guidance. To date the Company have handed over three of the five sections, it has completed around 87% of the total works and by the end of this week it will have completed 290 km of the 330 km of critical path Rail formation contracted. NWH slipped 10 cents (-17.24%) to $0.48.

At the time of publication, the Nikkei was quoted at 17,416.56. The NZX closed at 5,442.68 down 29.00 (-0.53%).

The Australian dollar was last quoted at 86.03 US cents.

Companies Holding Annual General Meeting (ASX 300):

Brickworks Limited

Donaco International Limited

Harvey Norman Holdings Ltd

IOOF Holdings Limited

Mesoblast Limited

NRW Holdings Limited

Resolute Mining Limited

WDS Limited

Companies commencing Ex-Dividend Trading Today (ASX 300):

DuluxGroup Limited

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