ASX Market Report
|All Ordinaries||5571||-8||-0.15||$A vs $US||0.7317||0.0044||0.60|
|S&P/ASX 200||5585||-5||-0.09||$A vs GBP||0.4702||0.0030||0.65|
|$A vs YEN||90.41||0.73||0.82|
|$A vs EUR||0.6618||0.0058||0.88|
|$A vs $NZ||1.0976||-0.0001||-0.01|
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|ASX Code||Company Name||Impact||Recommendation|
|NVT||Navitas Limited (NVT)|
|TEN||Ten Network Holdings Limited (TEN)|
|AWC||Alumina Limited (AWC)|
|FMG||Fortescue Metals Group Ltd (FMG)|
|OSH||Oil Search Limited (OSH)|
Tuesday 28 July - The local market opened lower today on the back of losses on Wall Street and China overnight. However, the negativity was short-lived as stocks climbed above the flat-line mid-afternoon. Late afternoon saw the momentum stall with mixed results from big banks and a fluctuating BHP, to end the day slightly lower. There were mixed results from the sectors; energy gained most significantly whilst industrials were the biggest laggard. The Australian dollar gained against most major currencies.
The All Ordinaries fell 8.20 points (-0.15%) to 5,571.00 while the S&P/ASX 200 fell 5.20 points (-0.09%) to 5,584.70.
Charter Hall Group (CHC)
Charter Hall Group announced it has completed the sale of its interest in the development site at 685 La Trobe Street, Docklands, Melbourne for $ 31.5m (with CHC realising $15.75m for its 50% share). The sale price represents a premium to the book value at 30 June 2015 and the proceeds will be invested to generate operating earnings generated from Property Investments. CHC lost 10 cents (-2.15%) to $4.56.
CSL Limited (CSL)
CSL announced that the U.S. Food and Drug Administration (FDA) has accepted for review the Company's Behring's Biologics License Application (BLA) for its novel investigational recombinant factor VIII single-chain (rVIII-SingleChain) for the treatment of haemophilia A. In the pivotal clinical trial, rVIII-SingleChain met all primary endpoints. Haemophilia A is a congenital bleeding disorder characterized by deficient or defective factor VIII. People with haemophilia A may experience prolonged or spontaneous bleeding, especially into the muscles, joints, or internal organs. The condition affects 1 in 6,000 male births. CSL added $1.52 (1.61%) to $96.17.
The NZX 50 lost 23.67 points (-0.40%) to 5,848.39 while the Nikkei dropped 21.21 (-0.10%) points at the time of writing, to be last quoted at 20,328.89.
The Australian dollar was last quoted at 73.17 US cents.
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