Retail & Merchant Banking

Australian Market Report of January 5: Cautious to Bad News Ahead

🕔1/5/2009 1:00:17 PM

Last Friday the Australian share market had a poor start at the first trading day of the New Year, as S&P/ASX 200 Index closed down 8.5 points, or 0.23 per cent, at 3713.8 points, while the All Ordinaries Index closed just 3.6 points down at 3655.7 points. Analysts warn that it is too early to get excited despite a positive lead from the US. The market might remain volatile in the coming three months as there will be some bad news ahead in the reporting season.

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Australian Market Report of December 24: In Pre-Christmas Thin Trade

🕔12/24/2008 1:00:47 PM

Yesterday the Australian market closed slightly lower led by Rio(ASX:RIO) and BHP(ASX:BHP), although metals prices were higher on the dropping of US dollar and rising Chinese imports. The benchmark S&P/ASX200 index closed down 26 points, or 0.73%, to 3531.4, while the broader All Ordinaries index fell 24.1 points, or 0.69%, to 3468.2.

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Australian Market Report of December 22: A Flat Week Expected

🕔12/22/2008 1:00:13 PM

On Friday, the Australian market closed marginally higher with rise on most sectors except energy stocks. The benchmark S&P/ASX200 index gained 34.5 points, or 0.96 per cent, at 3,615.7, while the broader All Ordinaries index rose 25.5 points, or 0.72 per cent, to 3,547.2. Low trading volumes are expected this week.

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Australian Market Report of December 19: Pre-Christmas Not Really Quiet

🕔12/19/2008 1:00:28 PM

Yesterday the Australian shares ended flat as weaker Commonwealth Bank and energy stocks weighed on the market. The benchmark S&P/ASX200 index was up 10.6 points, or 0.3 per cent, at 3,581.2, while the broader All Ordinaries index gained 6.7 points, or 0.19 per cent, to 3,521.7. It could be fairly quiet during the pre-Christmas sessions. But the local market may be hit by the dropping commodities prices and the fears on US auto industry as US government has admitted that orderly bankruptcy can be one of the options for the troubled automakers.

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Australian Market Report of December 18: Bank's Confidence Hit

🕔12/18/2008 1:00:34 PM

Yesterday the Australian stock market closed marginally higher despite a big lead from United States markets. The banking sector was pulled down by Commonwealth Bank as it tried to sell shares to institutional investors for A$2 billion capital raising. The benchmark S&P/ASX200 index had gained 14.4 points, or 0.4 per cent, to 3570.6 points, while the broader All Ordinaries index was up 16.1 points, or 0.46 per cent, at 3515.0 points. Commonwealth Bank's termination of the share placement and rising bad debts has hit the confidence of the banking sector.

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Australian Market Report of December 17: To Soar on US Record Rate Cut

🕔12/17/2008 1:00:41 PM

Yesterday Australian shares closed lower as almost all sectors were down. The benchmark S&P/ASX200 index was down 35.2 points, or 0.98 per cent, at 3556.2, while the broader All Ordinaries index was down 36.8 points, or 1.04 per cent, at 3,498.9 points. Telecom sector continued to lose on Telstra's failure to submit an adequate tender for the national broadband network.

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BCA Expands Its Self-Service Network with Wincor Nixdorf (FRA:WIN) Kiosk and ATM Technologies

🕔12/17/2008 12:26:50 PM

BCA expands its self-service network with Wincor Nixdorf (FRA:WIN)(PINK:WNXDF) kiosk and ATM technologies Indonesia's BCA has selected Wincor Nixdorf's kiosk and cash dispensing technologies for the expansion of its multi-channel self-service network. BCA is Indonesia's largest transactional bank with more than 7 million customers and long considered one of the most progressive financial institutions in the country.

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