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Market Reports

ASX Market Report

Equities/
Fixed Interest
Close Points
Changed
%
Change
Currency Close Points
Changed
%
Change
All Ordinaries 6130 -47 -0.76 $A vs $US 0.8017 0.0013 0.16
S&P/ASX 200 6006 -9 -0.15 $A vs GBP 0.5762 0.0001 0.02
10-year Bond Rate 2.88 0.06 2.13 $A vs YEN 88.85 -- --
  $A vs EUR 0.6536 -0.0004 -0.06
  $A vs $NZ 1.0978 0.0011 0.10
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ASX Code Company Name Impact Recommendation
APO APN Outdoor Group Limited (APO)
OML Oohmedia Limited (OML)
PGH Pact Group Holdings Ltd (PGH)
WPL Woodside Petroleum Limited (WPL)
ARF Arena REIT (ARF)
WFD Westfield Corporation (WFD)

[Morningstar with AAP]: The Australian share market has closed lower on concerns around a possible US government shutdown, while the Aussie dollar is trading at a four-month high.

The benchmark S&P/ASX200 index was down 0.15 per cent at 6,005.8 points at 1630 AEDT, with losses by the miners, energy and telcos overpowering strong gains by the healthcare and retail stocks.

The local dollar was trading at 80.13 US cents, up from 79.70 US cents on Thursday.

Strong commodity prices and a US dollar weakened by fears of a US government shutdown as the deadline looms for Congress to pass a new spending bill are behind the Aussie dollar's lift.

Positive economic news out of China on Thursday night also helped the currency, with China's economy growing faster than predicted in the fourth quarter of 2017.

Charles Schwab market analyst Ben Le Brun said the local share market was taking its cues from lower US futures, which forecast a weak Friday for Wall Street as US leaders race to keep the government open.

"With a little bit of uncertainty around Wall Street, some of the defensive sectors are doing well today, in particular healthcare," Mr Le Brun said.

"There's also a spate of profit taking happening across the miners and energy given substantial gains across those sectors in recent weeks."

Among the major miners, Rio Tinto dropped one per cent to $78.01, BHP Billiton declined 0.3 per cent to $30.69 and Fortescue Metals shed 0.4 per cent to $5.12.

In the healthcare sector, blood products giant CSL lifted 1.1 per cent to $143.93, ResMed rose 0.7 per cent to $11.10 and Sonic Health climbed 0.6 per cent to $23.40.

In the retail-related consumer staples sector, Coles' owner Wesfarmers and rival Woolworths were higher with gains of 0.4 per cent each.

The banking sector was mixed but moved in a narrow band, with National Australia Bank, Westpac, Commonwealth Bank and Macquarie Group's losses ranging from 0.1 per cent to 0.2 per cent, while ANZ gained 0.1 per cent to $28.56.

Telstra was off 1.4 per cent to $3.57 and fellow telco Vocus declined 1.7 per cent to $2.95.

In company news, Retail Food Group's shares sank 5.1 per cent to $2.07, hitting a nine-year low as a law firm said it was investigating a possible class action against the Donut King, Brumby's Bakery and Gloria Jean's owner on behalf of disgruntled franchisees.

ON THE ASX AT 1630:

The benchmark S&P/ASX200 was down 8.8 points, or 0.15 per cent, at 6,005.8 points

The broader All Ordinaries index was down 11.1 points, or 0.18 per cent, at 6,119.3 points

The SPI200 futures contract was down two points, or 0.03 per cent, at 5,950 points

National turnover was 4.5 billion securities traded worth $5.2 billion

The NZX 50 added 17.29 points (0.21%) to 8,289.96 while the Nikkei gained 25.15 points (0.11%) at the time of writing, to be closed at 23,788.51.

© 2018 Morningstar. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or 'class service' have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a professional financial adviser. Some material is copyrighted and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").

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