Real Estate General

Australian Market Report of November 24: Surge Amid Bear Market

🕔11/24/2008 1:00:59 PM

The Australian stock market staged a late rally on last Friday, with the benchmark S&P/ASX200 index closing up 63.6 points, or 1.9 per cent, at 3,416.5, while the broader All Ordinaries index gained 54.3 points, or 1.63 per cent, to 3,386.9. Market is struggling to recover with some "bear market rally" although the fundamental problems remain. Analysts said the recent fluctuation is because of uncertainty and the political factors are important at this stage.

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Australian Market Report of November 21: Below 3000 Points Possible

🕔11/21/2008 1:00:28 PM

On Thursday, the Australian sharemarket closed more than four per cent weaker, dropping almost to five-year lows, with losses in all sectors. The benchmark S&P/ASX200 index was down 146.7 points, or 4.19 per cent, at 3,352.9 while the broader All Ordinaries index had shed 150.6 points, or 4.32 per cent, to 3332.6. Analysts predict the bottom is getting closer and lower than 3000 points is possible as market would be dragged down by the US and growing concerns on recession in Australia.

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Australian Market Report of November 17: Close to the Bottom

🕔11/17/2008 1:00:06 PM

Wall Street slumped on Friday with hedge fund selling in advance of a Saturday deadline. On Friday, the Australian sharemarket reversed its sharp losses of mid week to close up over one per cent following a strong US lead and higher base metals prices. As the G-20 leaders failed to come up with specific stimulus action after their weekend meeting in Washington, analysts expect the market volatility to continue but it would be getting close to the bottom.

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Al Habtoor Leighton Group (ASX:LEI) Joint Venture Secures AED 3 Billion Zayed University in Abu Dhabi

🕔11/17/2008 8:19:57 AM

Leighton International Limited, a wholly owned subsidiary of Leighton Holdings Limited (ASX:LEI) announced that the Al Habtoor - Murray and Roberts Joint Venture has been awarded an AED 3 billion contract for the design and construction of the new Zayed University campus in Abu Dhabi for Mubadala Development Company (Mubadala). The Al Habtoor Leighton Group's share is AED 1.5 billion.

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Australian Market Report of November 12: Concern Over Recession

🕔11/12/2008 1:02:47 PM

Australian shares have closed below 4000 points after business confidence sank to a record low. Analysts said the market with thin trading volumes was plagued by the negative sentiment concerning global recession. Resources sector would lead the market lower as oil prices fell below $US60.

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Australian Market Report of November 11: Stimulant Effect Passed

🕔11/11/2008 1:00:12 PM

Yesterday the Australia share market was buoyed on hope that China's economic stimulus plan would increase demand for resources. Mining and energy sectors rose on the news. The benchmark S&P/ASX200 index gained 56.5 points, or 1.4%, at 4,107.8 while the broader All Ordinaries index had advanced 53.4 points, or 1.3%, to 4,060.

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Australian Market Report of November 6: Focus Still on the Market Mess

🕔11/6/2008 1:00:22 PM

Overnight US stocks slumped more than 5% as investors worried about the global financial crisis and a US recession, wiping out the gains from the Election Day rally as the problems facing US President-elect Barack Obama dimmed optimism on Wall Street.

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