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Tag: asx
Markets Live: ASX wobbles lower
2015-06-04 03:50:55| Grocery - Topix.net
More selling to come as any lift in price brings in those who want to get out ahead of falls in dividends & capital raisings. So for Greece, nothing changes.
Mergers and acquisitions activity spurs ASX gains
2015-05-25 09:54:28| Biotech - Topix.net
The Australian sharemarket climbed on Monday, led by blue-chip names such as the big banks and spurred on by merger and acquisition activity, while a leap in the iron ore price supported miners. Despite a weak lead from Wall Street, the S&P/ASX 200 index surged within an hour of opening and reached a high of 5733 in the middle of the day before fading to close at 5712.5, up by 1 per cent.
Tags: activity
gains
acquisitions
mergers
Autobarn for ASX: Metcash eyes $350m automotive parts float
2015-05-14 19:55:39| Grocery - Topix.net
Struggling wholesaler Metcash is planning to exit its three-year investment in automotive parts through a $350 million-plus sharemarket float that will help it pay down debt. Metcash told the market on Thursday it was looking to sell its automotive division, which generated about $250 million in revenue for the year to April 2015.
Tags: parts
eyes
automotive
float
ASX up, led by energy, retail stocks
2015-05-13 16:04:32| Oil & Gas - Topix.net
"The energy sector is certainly the stand-out early in the session on some gains in the oil prices overnight," OptionsXpress market analyst Ben Le Brun said Woodside Petroleum gained 36 cents to $34.87, Santos was up 19 cents to $8.85 and Oil Search was 15.5 cents higher at $7.885. Retail stocks are benefitting from Tuesday night's budget announcement to allow small businesses to claim a tax deduction for the full value of assets worth up to $20,000 in a single year, rather than over five years as had been the case.
Tags: energy
led
retail
stocks
ASX Round-Up: Aditya Birla and Greenland Minerals and Energy in Focus
2015-05-09 06:38:04| Paper - Topix.net
For investors focused on the resource space, a good way to track companies listed in Australia is to look at the S&P/ASX 300 . The index includes all S&P/ASX 200 companies as well as about 100 smaller-cap companies, and as of April 2015 accounted for 74 percent of the Australian equities market.
Tags: in
focus
energy
greenland
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