ABN Newswire stocks to watch today include: Magnetic Resources NL (ASX:MAU), Galaxy Resources Limited (ASX:GXY) (PINK:GALXF), NewSat Limited (ASX:NWT) (OTC:NWTLY), and AusTex Oil Limited (ASX:AOK) (PINK:ATXDF).
As Chairman of NewSat Limited (ASX:NWT) (OTC:NWTLY), Australia's largest independent satellite communications company, I am personally writing to update you on the company's financial progress.
The Australian shares were stronger after an unexpectedly improved employment data. The market was also helped by a rise in Rio Tinto shares on expectation that it would follow its BHP Billiton in reporting upbeat earnings. At the close, the benchmark S&P/ASX200 index closed 40.9 points, or 0.91 per cent higher, at 4554.3 points while the broader All Ordinaries index rose 42.8 points, or 0.94 per cent, to 4575.8 points.
ABN Newswire stocks to watch today include: Brickworks Limited (ASX:BKW), Linc Energy Limited (ASX:LNC) (PINK:LNCGY) and The NewSat Limited (ASX:NWT) (OTC:NWTLY).
The NewSat Limited (ASX:NWT) (OTC:NWTLY) Board of Directors is pleased to report the Group performance for the half-year ending 31 December 2009. As announced to the market during the period by the Directors, the business has turned an EBITDA profit for the 6 months with every key financial metric improving significantly in comparison with the corresponding period.
Australian stocks rose Wednesday following encouraging earnings result from media group News Corp. At the close, the benchmark S&P/ASX200 index gained 42.6 points, or 0.9 per cent, at 4647.9, while the broader All Ordinaries index rose 44.4 points, or 1 per cent, to 4673.2.
Asian shares were lifted on Tuesday after strong U.S. manufacturing data. Japan's Nikkei index ended 1.63 percent higher, after Toyota's plans to fix millions of vehicles equipped with faulty accelerators in North America and Europe. Australian shares climbed as metals prices rose, but Australian dollar was pulled down by RBA's unexpected decision to keep interest rate unchanged.
