Author:
The Australian dollar recovered from a dip earlier this afternoon and closed trading at 101.43 US cents.
|
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
Date Posted: 8/11/10 2:02:32
Local market ends in the red
Share
retweet
EmailPrint.Topics:Commodities MarketInternationalStock Market.Michael Janda, On Monday 8 November 2010, 19:56 EST
The Australian share market has been pulled lower by a number of large companies going ex-dividend today.
The All Ordinaries Index closed 18 points lower at 4,855, and the ASX 200 eased 0.5 per cent to 4,778.
The biggest impact came from Westpac - anyone who purchases shares from today onwards is not entitled to its most recent 74 cent dividend.
That explained a large part of the bank's $1.07 fall to $22.29.
But the other major banks were also subdued, with the Commonwealth and ANZ banks both easing 0.1 per cent.
National Australia Bank recorded a modest 4 cent gain to close at $26.01.
Macquarie Group also traded without rights to its dividend from today, but its shares lost only 1 per cent.
Qantas shares recovered some ground this afternoon after hitting a three-week low of $2.74 earlier in the day.
The company closed 2 per cent lower at $2.80.
That is despite news from the airline that its Airbus A380 aircrafts are likely to be out of action for at least a few more days while tests on their engines are completed.
The Westfield shopping centre group saw its share price slump more than 4 per cent as investors reacted to the dilution of their holdings by the company's restructure and associated capital raising announced last week.
In contrast, Orica shares climbed nearly 3 per cent after the chemical maker beat analyst forecasts with a profit of $676 million.
Paint maker Dulux, which was split off from Orica earlier this year, turned in a net profit of about $61 million in its first result since the demerger. Its shares finished flat.
The Australian dollar recovered from a dip earlier this afternoon and closed trading at 101.43 US cents.
It was also buying 82.38 Japanese yen, 72.62 euro cents, and 62.84 British Sterling pence.
On the commodities markets West Texas crude oil was fetching about $US87 a barrel and Tapis rose to $US91.65.
Spot gold was fetching nearly $US1,392 an ounce.
[
Next Thread |
Previous Thread |
Next Message |
Previous Message
]
|
Feedback: 