Stocks Special Reports LICs Credit Technical Analysis Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features Technical Analysis SMSFs Learn

Market Reports

ASX Market Report

Fixed Interest
Close Points
Currency Close Points
All Ordinaries 4883 -139 -2.78 $A vs $US 0.7037 -0.0037 -0.52
S&P/ASX 200 4832 -143 -2.88 $A vs GBP 0.4879 -0.0020 -0.40
  $A vs YEN 80.68 -1.11 -1.36
  $A vs EUR 0.6277 -0.0044 -0.69
  $A vs $NZ 1.0661 -0.0027 -0.26
PREMIUM To view this information
become a Premium Member
ASX Code Company Name Impact Recommendation
ANN Ansell Limited (ANN)
JBH JB Hi-Fi Limited (JBH)
OFX OzForex Group Limited (OFX)
VED Veda Group Limited (VED)
WHC Whitehaven Coal Limited (WHC)

Tuesday 9 February - The local market opened lower today on the back of losses on Wall Street overnight with growing concerns over the health of the global economy. The negativity continued until close as stocks remained well below the flat-line, weighed down by the banking sector. There were poor results from all the sectors with healthcare, financials and energy the worst performers. The Australian dollar fell against most major currencies.

The All Ordinaries fell 139.50 points (-2.78%) to 4,882.60 while the S&P/ASX 200 lost 143.30 points (-2.88%) to 4,832.10.

Bank of Queensland (BOQ)

Bank of Queensland announced that it is embarking on a program to reshape its organisational structure to better affect the Group's strategy. To enable these organisational changes to be implemented, an investment in the order of $15m (pre-tax) is anticipated to be incurred over the course of FY16. This expense will not be excluded from Cash Earnings in FY16. The investment required to implement the change initiatives should deliver 100% payback through cost savings within 12 months. BOQ lost 103 cents (-8.12%) to $11.66.

Southern Cross Media Group (SXL)

Southern Cross Media Group announced that the Company has entered into a long-term contract with Australian Traffic Network (ATN) for it to provide traffic reports for broadcast on the Company's radio stations. The Company will receive payment from ATN in return for its stations broadcasting advertising tags attached to news and traffic reports. ATN has been the Company's provider of traffic reports for over 10 years. This new contract will commence with effect from 1 February 2016. The term of the contract is for 20 years, with an option for ATN to extend by 10 years. The $100m up-front cash payment will be used by the Company to reduce leverage and financing costs and to provide future balance sheet flexibility. SXL gained 2 cents (1.80%) to $1.13.

The NZX 50 lost 82.48 points (-1.34%) to 6,071.32 while the Nikkei dropped 853.13 (-5.01%) points at the time of writing, to be last quoted at 16,151.17.

The Australian dollar was last quoted at 70.37 US cents.

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

ResMed Inc.

Tabcorp Holdings Limited

© Copyright Morningstar Australasia Pty Ltd 2016 ABN 95 090 665 544 (Morningstar), AFSL 240892. (a subsidiary of Morningstar, Inc.). This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written consent of Morningstar. Some of the material provided is published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO").

DISCLAIMER: To the extent that any of the content above constitutes advice, it is general advice that has been prepared without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain appropriate financial, legal and taxation advice before making any financial investment decision. If applicable, investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Please refer to our Financial Services Guide (FSG) for more information at or phone Morningstar on 1800 03 44 55 to request a copy. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for any use or distribution of any of this information.

DISCLAIMER: Employees may have an interest in the securities discussed in this report.

ASX Today

Recent Analyst Reports