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ASX Market Report

Fixed Interest
Close Points
Currency Close Points
All Ordinaries 5414 101 1.91 $A vs $US 0.8166 0.0020 0.25
S&P/ASX 200 5442 103 1.94 $A vs GBP 0.5220 0.0010 0.18
  $A vs YEN 97.59 0.24 0.24
  $A vs EUR 0.6672 0.0009 0.13
  $A vs $NZ 1.0542 0.0033 0.32
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ASX Code Company Name Impact Recommendation
NWH NRW Holdings Limited (NWH)

Monday 22 December - The Australian market started the week strong on the back of the rebound of the price of oil. The positivity continued throughout the day, buoyed by energy stocks and miners. All sectors experienced positive results. The Australian dollar appreciated against most major currencies.

The All Ordinaries gained 101.40 points (1.91%) to 5,414.10 while the S&P/ASX 200 rose 103.40 points (1.94%) to 5,442.00.

Kathmandu Holdings (KMD)

Kathmandu Holdings announced that same store sales and gross margins in the first five weeks of the Company's Christmas sale promotion in Australia have been below the levels achieved in FY2014. Same store sales in New Zealand and UK were up on the same period in FY2014, at similar gross margins yoy. Its total sales increase for YTD FY2015 to 21 December 2014 was 14.1%. Due to this, the Company will experience a substantial reduction in gross profit earned in the pre-Christmas Day trading period compared to the equivalent period in FY2014. It anticipates that any recovery in trading till 31 January 2015 will not be sufficient to make up for the shortfall in gross profit experienced to date in 1H FY2015. KMD dropped 57 cents (-21.58%) to $2.07.

Fairfax Media (FXJ)

Fairfax Media announced that it would merge its Fairfax Radio Network (FRN) (excluding 96FM) with Macquarie Radio Network (MRN), resulting in the Company receiving $18m of cash following completion and a 54.5% shareholding in an enlarged MRN, which will remain a listed entity. The merger is expected to unlock significant value. The Company will be the majority shareholder in a stronger national radio network, including the leading News, Talk and Sport stations in Sydney and Melbourne. The Company has also entered into an agreement to sell its Perth-based 96FM to APN News & Media for a cash consideration of $78m. The two transactions, once completed, will result in the Company receiving $96m of cash in total. FXJ added 1.5 cent (1.81%) to $0.845.

At the time of publication, the Nikkei was quoted at 17,607.33. The NZX closed at 5,541.74 up 13.99 (0.25%).

The Australian dollar was last quoted at 81.66 US cents.

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

APA Group

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