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ASX Market Report

Equities/
Fixed Interest
Close Points
Changed
%
Change
Currency Close Points
Changed
%
Change
All Ordinaries 5525 -33 -0.60 $A vs $US 0.7612 -0.0015 -0.20
S&P/ASX 200 5436 -35 -0.65 $A vs GBP 0.5874 -0.0007 -0.11
10-year Bond Rate 1.91 -0.06 -3.28 $A vs YEN 76.78 -0.40 -0.52
  $A vs EUR 0.6788 -0.0007 -0.11
  $A vs $NZ 1.0488 -0.0038 -0.37
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ASX Code Company Name Impact Recommendation
ORG Origin Energy Limited (ORG)
WOR WorleyParsons Limited (WOR)
BEN Bendigo and Adelaide Bank Limited (BEN)

Friday 30 September - The Australian market opened sharply lower this morning on the back of losses on Wall Street overnight. Local stocks clawed back some of early losses during afternoon trade, but heavy sell-offs from the banks and major miners ensured the market continued its negative trend to finish well below the red line. Most sectors performed negatively, with the exception of energy and telecommunication services. The Australian dollar depreciated against most major currencies.

The All Ordinaries slid 33.00 points (-0.59%) to 5,525.20 while the S&P/ASX 200 dropped 35.40 points (-0.65%) to 5,435.90.

Nine Entertainment Co. Holdings (NEC)

Nine Entertainment Co. Holdings announced that it has sold its entire 9.99% stake in Southern Cross Media Group at a price of $1.54 per share. The stake as acquired in March 2016 at a price of $1.15 per share. In April 2016, Nine and Southern Cross entered into a five-year regional television affiliate agreement which, since commencing on 1 July 2016, has already brought significant commercial benefits to both parties. The proceeds will provide the Company with increased flexibility in executing its strategy in the future. The Company's combination of Free To Air, SVOD, AVOD and other digital assets provides a platform from which the Group will continue to grow and meet the future needs of audiences and customers. NEC soared 8 cents (8.21%) to $1.05.

Qantas Airways (QAN)

Qantas Airways announced that the Company has extended its debt maturity profile, announcing the issuance of the following unsecured fixed rate notes: $250m with a semi-annual coupon of 4.40%, maturing in October 2023; and $175m with a semi-annual coupon of 4.75%, maturing in October 2026. Settlement of the transactions is expected to occur between 10-12 October 2016. The transactions are the Company's first unsecured A$ medium term note issuances since its investment-grade credit rating was regained with Moody's Investors Service and Standard & Poor's. They will not affect the Company's overall net debt position, with proceeds to be used to repay other, shorter-term debt maturities. QAN dropped 1 cent (-0.32%) to $3.12.

The NZX gained 17.64 points (0.24%) to 7,361.09 while the Nikkei fell 243.87 points (-1.46%) to close at 16,449.84.

The Australian dollar was last quoted at 76.12 US cents.

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

Ainsworth Game Technology Limited

Estia Health Limited

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