ASX Market Report
|All Ordinaries||5629||5||0.08||$A vs $US||0.9347||0.0020||0.22|
|S&P/ASX 200||5630||4||0.07||$A vs GBP||0.5620||-0.0001||-0.01|
|$A vs YEN||97.34||0.19||0.20|
|$A vs EUR||0.7118||0.0013||0.18|
|$A vs $NZ||1.1148||-0.0016||-0.14|
To view this information
become a Premium Member
|ASX Code||Company Name||Impact||Recommendation|
|ENV||Envestra Limited (ENV)|
|HVN||Harvey Norman Holdings Ltd (HVN)|
|RHC||Ramsay Health Care Limited (RHC)|
|TSE||Transfield Services Limited (TSE)|
|VAH||Virgin Australia Holdings Limited (VAH)|
|VRT||Virtus Health Limited (VRT)|
|WOW||Woolworths Limited (WOW)|
|KCN||Kingsgate Consolidated Limited (KCN)|
|SFR||Sandfire Resources NL (SFR)|
Monday 1 September - Australian stocks started the day strong, but lost its momentum shortly after open. As earnings season comes to a close, investors turn their focus on tomorrow's RBA meeting. There were mixed results from the sectors as energy gained most significantly, and consumer staples lagged behind the rest. The Australian dollar gained against most major currencies.
The All Ordinaries rose 4.70 points (0.08%) to 5,629.30 while the S&P/ASX 200 rose 3.90 points (0.07%) to 5,629.80.
APN News and Media (APN)
APN News and Media announced that it is considering strategic options with regards to APN New Zealand, which incorporates its New Zealand publishing assets, The Radio Network and GrabOne businesses. APN has retained Grant Samuel to assist in the process, with an IPO and NZX listing of APN New Zealand being one consideration. The Company reported collectively APN's print, radio and digital assets represent New Zealand's pre-eminent media and entertainment business with brands such as The New Zealand Herald, Newstalk ZB, ZM and GrabOne.
Troy Resources (TRY)
Troy Resources announced that it has appointed experienced international mining executive Martin Purvis as its new CEO and MD, with effect from 1 September 2014. Mr Purvis, a qualified mining engineer, was most recently CEO of Singapore-based Sakari Resources, a 10Mtpa coal mining business that was demerged from ASX-listed Straits Resources in 2010. He joined Straits in 1997 to set up the group's Indonesian operations and went on to hold several key executive roles in the company, including COO and Executive Director - Marketing and Business Development.
The NZX 50 lost 7.90 points (-0.15%) to 5,215.40 while the Nikkei rose 52.01 points (0.34%) to 15,476.60.
The Australian dollar was last quoted at 93.50 US cents.
Companies commencing Ex-Dividend Trading Today (ASX 300):
BC Iron Limited
Fleetwood Corporation Limited
Fortescue Metals Group Ltd
HFA Holdings Limited
Lend Lease Group
Mighty River Power Limited
Select Harvests Limited
Spark Infrastructure Group
STW Communications Group Limited
Tatts Group Limited
Toll Holdings Limited
© Copyright Morningstar Australasia Pty Ltd 2014 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 www.morningstar.com.au/fsg 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.