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CBA, CSL drag ASX lower as earnings season kicks into gear

2015-02-11 11:26:18| Biotech - Topix.net

Commonwealth Bank tumbled 0.8 per cent to $91.86 after CEO Ian Narev reported an 8 per cent increase in cash profit. Photo: James Alcock Shares sank after an initial bounce on Wednesday, as investors digested a deluge of profit results including a disappointing earnings forecast from CSL and solid but unspectacular profit results from a host of other big names.

Tags: lower season gear earnings

ASX extends rally as big banks scale new highs

2015-02-05 18:29:42| Automakers - Topix.net

ASX rebounds to extend gains for 11th day. FlexiGroup Limited were the day's best performer after unveiling its interim results.

Tags: big scale banks extends

ASX surges after RBA interest rate cut

2015-02-03 08:25:40| Automakers - Topix.net

The Australian sharemarket enjoyed a rate-fuelled boost on Tuesday, closing at a near seven-year high and stretching its winning streak to nine days, following the Reserve Bank of Australia's decision to ease monetary policy. The benchmark S&P/ASX 200 surged 1.5 per cent, or 82.1 points, to 5707.4. It is the first time that the ASX 200 has closed above 5700 since June 2008.

Tags: rate interest cut interest rate

Markets Live: ASX rides high

2015-02-02 03:13:21| Biotech - Topix.net

Shares continue to climb as miners and energy stocks lead gains, with banks in support, while Kathmandu crashes on an earning update and JB Hi-Fi's profits dip. Oil has retraced some of Friday's gains , with the price of Brent crude falling $1.44, or 2.7 per cent, in Asian trade to $US51.55/barrel.

Tags: high live markets rides