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Australian Market Report of September 29: Merger and Acquisition Market Optimism

🕔9/29/2009 1:00:50 PM 13291

Wall Street Monday rebounded from a three-day losing streak as investors were optimistic about the merger and acquisition market after Xerox agreed to buy business services provider Affiliated Computer Services in a US$6.4 billion deal. Analysts' upgrades also boosted Cisco, Citigroup and other firms in both the technology and financial sectors.

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Australian Market Report of May 26: Banks Hit by the Short Sell Ban Lift

🕔5/26/2009 1:00:08 PM 18374

Yesterday the Australian shares ended lower dragged by financial stocks after the lifting the eight-month short-selling ban. The market was also hit by news of a nuclear weapon test by North Korea. The benchmark S&P/ASX200 index fell 23.7 points, or 0.63 per cent, to 3737.9, while the broader All Ordinaries index was down 20.1 points, or 0.54 per cent, to 3735.3.

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Australian Market Report of April 22: Gained on Optimism over Banks

🕔4/22/2009 1:00:57 PM 17605

Yesterday Australian shares fell after Wall Street plummeted on renewed banking fears. The benchmark S&P/ASX200 index plunged 2.4%, or 91.6 points, at 3677.4, while broad-market All Ordinaries index lost 2.4%, or 89.2 points, at 3633.1.

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Australian Market Report of April 15: US Retail Sales Dented Sentiment

🕔4/15/2009 1:00:27 PM 16301

Yesterday the Australian shares closed with a three months high, lifted by stronger banks and resources stocks. The benchmark S&P/ASX200 index was up 2.2%, or 81.3 points, at 3752.9, while the broader All Ordinaries index also gained 2.2%, or 80.5 points, at 3698. The financial sector was largely buoyed by the US bank Goldman Sachs’ first quarter earnings.

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