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ASX Market Report

Fixed Interest
Close Points
Currency Close Points
All Ordinaries 5803 -8 -0.14 $A vs $US 0.7489 0.0019 0.25
S&P/ASX 200 5760 -11 -0.19 $A vs GBP 0.5763 0.0016 0.27
10-year Bond Rate 2.47 -0.05 -1.79 $A vs YEN 83.17 0.26 0.32
  $A vs EUR 0.6654 0.0008 0.12
  $A vs $NZ 1.0654 -0.0008 -0.08
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Tuesday 23 May - The Australian market traded higher after open, buoyed by the big banks and a positive lead from the U.S market overnight. However, the positivity was short-lived as the major lenders failed to hold onto early gains and heavy sell-offs from regional banks and mining stocks further exaggerated the downward trend with the ASX 200 index closing moderately lower. There were mixed results from the sectors; health care gained most significantly while materials lagged behind the rest. The Australian dollar appreciated against most major currencies, with the exception of the New Zealand dollar.

The All Ordinaries fell 8.40 points (-0.14%) to 5,802.80 while the S&P/ASX 200 dropped 11.00 points (-0.19%) to 5,760.20.

Caltex Australia Limited (CTX)

Caltex Australia provided refiner margin update for April 2017. The April 2017 unlagged CRM was US$15.74/bbl. The unlagged Singapore Weighted Average Margin was US$13.64/bbl. Higher petrol and diesel refiner margins in the week starting 24 April 2017 drove an unfavourable US($0.41)/bbl pricing lag. Sales from production in April 2017 of 525 ML were below the prior month (March 2017: 534 ML) and prior year comparative (March 2016: 554 ML). From the 1 January 2017 to 30 April 2017, the average realised CRM was US$13.05/bbl (2016 US$10.01/bbl) with CRM sales from production totalling 1,984 ML (2016: 1,997 ML). CTX added 16 cents (0.49%) to $32.62.

Rio Tinto (RIO)

Rio Tinto launched new debt reduction programme for up to $2.5bn. Under the plan, the Company has issued a redemption notice for $1.72bn of its 2019 and 2020 US dollar-denominated notes and commenced cash tender offers to purchase up to $781m of its five 2021, 2022 and 2025 US dollar-denominated notes. The Company issued a notice of redemption for all of its 9.00% notes due 1 May 2019 and for all of its 3.50% notes due 2 November 2020 issued by Rio Tinto Finance. The offer for the Securities will expire on 19 June 2017, unless extended. However, in order to be eligible to receive the total consideration, which includes the $30 early tender payment, holders must tender on 5 June 2017. RIO lost 46 cents (-0.71%) to $64.74.

The NZX fell 24.80 points (-0.33%) to 7,384.70 while the Nikkei declined 65.00 points (-0.33%) to close at 19,613.28.

The Australian dollar was last quoted at 74.89 US cents.

Companies Holding Annual General Meeting (ASX 300):


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