Posted in Political News, tagged $1.15 billion, $16.01, $20.48, $22.00 Westpac up 10 cents, $34.26, $36.40, $65.46, (AEST), 0.23 per cent, 0.31 per cent, 0.60 per cent, 10.15am, 12.1 points, 14 cents, 15 per cent, 20 cents, 3889.3, 4.41 per cent, 4cents, 50.34 points, 8.7 points, ANZ, asess, Average, banks, Ben Bernanke, benchmark, BHP, broader, capital, cash, cash return, comments, Commonwealth Bank, contracts., deficit., down, earnings, efforts, equity, Exchange, Federal Budget, Federal Reserve chairman, firms, five cents, four, gained, gains, generating, higher, Industrial, investors, long rally, lost, lower, lucky, major, March, marginally, Mining giant, mixed finish, mixed lead, morning trade, mulled, NAB, new, open, opened, opening, Ordinaries, over, paused, points higher, Political News, quarter, raise, reassuring, reported, Resources, Rio Tinto, rival, S&P/ASX200, settle, share market, share price index contract, stronger, Sydney Futures, The Dow Jones, to 3872.3., Tuesday, up, US trade, volume, Wall Street, was up, wobbled on May 13, 2009|
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THE share market has opened marginally stronger the morning after the federal budget was handed down, and following a mixed lead from Wall Street.
At 10.15am (AEST), the benchmark S&P/ASX200 was up 12.1 points, or 0.31 per cent, at 3889.3, while the broader All Ordinaries gained 8.7 points, or 0.23 per cent, to 3872.3.
The four major banks were mostly higher at the open.
ANZ gained 4cents to $16.01, NAB was up 14 cents at $22.00 and Westpac was up 10 cents at $20.48.
The Commonwealth Bank, which reported cash earnings for the March quarter of about $1.15 billion, generating a cash return on equity of over 15 per cent, was down 20 cents at $36.40.
Resources weren’t as lucky, opening lower in morning trade.
Mining giant BHP was down five cents at $34.26, while rival Rio Tinto lost 4.41 per cent to $65.46.
Wall Street wobbled to a mixed finish on Tuesday as investors paused to assess gains from a long rally and mulled the new efforts to raise capital by banks and other firms.
The markets also digested better-than-expected data on the US trade deficit and reassuring comments from Federal Reserve chairman, Ben Bernanke, about the health of the banking system.
The Dow Jones Industrial Average was up 50.34 points, or 0.60 per cent, to settle at 8,469.11.
The tech-dominated Nasdaq dropped 15.32 points, or 0.88 per cent, to 1715.92 while the broad-market Standard & Poor’s 500 index lost 0.89 point, or 0.1 per cent, to settle at 908.35.
On the Sydney Futures Exchange, the June share price index contract was trading 17 points higher at 3885 on volume of 4900 contracts.
www.news.com.au
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All the latest NEWS from Perth 
Australian share market opens higher
Posted in Political News, tagged $1.15 billion, $16.01, $20.48, $22.00 Westpac up 10 cents, $34.26, $36.40, $65.46, (AEST), 0.23 per cent, 0.31 per cent, 0.60 per cent, 10.15am, 12.1 points, 14 cents, 15 per cent, 20 cents, 3889.3, 4.41 per cent, 4cents, 50.34 points, 8.7 points, ANZ, asess, Average, banks, Ben Bernanke, benchmark, BHP, broader, capital, cash, cash return, comments, Commonwealth Bank, contracts., deficit., down, earnings, efforts, equity, Exchange, Federal Budget, Federal Reserve chairman, firms, five cents, four, gained, gains, generating, higher, Industrial, investors, long rally, lost, lower, lucky, major, March, marginally, Mining giant, mixed finish, mixed lead, morning trade, mulled, NAB, new, open, opened, opening, Ordinaries, over, paused, points higher, Political News, quarter, raise, reassuring, reported, Resources, Rio Tinto, rival, S&P/ASX200, settle, share market, share price index contract, stronger, Sydney Futures, The Dow Jones, to 3872.3., Tuesday, up, US trade, volume, Wall Street, was up, wobbled on May 13, 2009| Leave a Comment »
At 10.15am (AEST), the benchmark S&P/ASX200 was up 12.1 points, or 0.31 per cent, at 3889.3, while the broader All Ordinaries gained 8.7 points, or 0.23 per cent, to 3872.3.
The four major banks were mostly higher at the open.
ANZ gained 4cents to $16.01, NAB was up 14 cents at $22.00 and Westpac was up 10 cents at $20.48.
The Commonwealth Bank, which reported cash earnings for the March quarter of about $1.15 billion, generating a cash return on equity of over 15 per cent, was down 20 cents at $36.40.
Resources weren’t as lucky, opening lower in morning trade.
Mining giant BHP was down five cents at $34.26, while rival Rio Tinto lost 4.41 per cent to $65.46.
Wall Street wobbled to a mixed finish on Tuesday as investors paused to assess gains from a long rally and mulled the new efforts to raise capital by banks and other firms.
The markets also digested better-than-expected data on the US trade deficit and reassuring comments from Federal Reserve chairman, Ben Bernanke, about the health of the banking system.
The Dow Jones Industrial Average was up 50.34 points, or 0.60 per cent, to settle at 8,469.11.
The tech-dominated Nasdaq dropped 15.32 points, or 0.88 per cent, to 1715.92 while the broad-market Standard & Poor’s 500 index lost 0.89 point, or 0.1 per cent, to settle at 908.35.
On the Sydney Futures Exchange, the June share price index contract was trading 17 points higher at 3885 on volume of 4900 contracts.
www.news.com.au
Read Full Post »