uk commonwealth shares

Australia Stock Market - CLOSING - 08/09/2011

What makes today impressive is that U.S markets fell between 5.5 pct and 7 pct overnight, while the XAO was down by as much as 5.6 pct at around 11am (AEST) this morning. In fact, today was one of the biggest recoveries the Australian market has ever seen within one session. Shares locally improved by a touch over 7 pct from today's low point.

It seemed that bargain hunters took advantage of the weakness in domestic markets from lunch onwards. The Australian sharemarket had fallen for five straight sessions and dropped 9.2 pct over that period. Volatility remained present for the duration of the afternoon, with equities flirting with both negative and positive territory up until the close of business.

The S&P/ASX 200 Financials index ended 2.24 pct or 81.5 pts higher to 3720.2. Commonwealth Bank of Australia (CBA) was the best performer and ended 3.64 pct or $1.66 higher to $47.28 ahead of its profit result tomorrow. National Australia Bank (NAB) jumped 2.87 pct or 60 cents to $21.50, ANZ Banking Group (ANZ) improved by 2.76 pct or 51 cents to $19.01 and Westpac (WBC) gained 2.23 pct or 42 cents to $19.26.

The S&P/ASX 200 Materials index jumped 1.1 pct or 128.4 pts to 11823.1. The world's largest miner, BHP Billiton (BHP) ended 1.23 pct or 45 cents higher to $37.05 after being down by 6 pct at one point today. The country's second largest resource company, RIO Tinto (RIO) rose 1.62 pct or $1.11 to $69.74.

The gold price has been hitting new all-time highs consistently over the past few days and is currently buying US$1734 an ounce. Funds have been flowing into the safe haven precious metal off the back of continued global uncertainty.

This helped the smaller gold producers end higher today, with the likes of Perseus Mining (PRU) up 6.27 pct or 19 cents to $3.22 and Kingrose Mining (KRM) jumping by 8.79 pct or 10.5 cents to $1.30. Australia's largest gold producer, Newcrest Mining (NCM) could not replicate the improvements posted by its smaller counterparts. NCM shares fell 0.26 pct or 10 cents to $38.72.

uk commonwealth shares - News


Australia Stock Market - CLOSING - 08/09/2011
Australia Stock Market - CLOSING - 08/09/2011

Commonwealth Bank of Australia (CBA) was the best performer and ended 3.64 pct or $1.66 higher to $47.28 ahead of its profit result tomorrow. National Australia Bank (NAB) jumped 2.87 pct or 60 cents to $21.50, ANZ Banking Group (ANZ) improved by 2.76



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Commonwealth

Commonwealth


The Commonwealth Yearbook 2006

The Commonwealth Yearbook 2006

The Commonwealth Yearbook is the essential annual guide to the Commonwealth, its members, and organizations.

Commonwealth, inter- and non-state contributions to global governance

Commonwealth, inter- and non-state contributions to global governance

This book provides the most up-to-date and comprehensive overview of this key international institution.

Virginia Commonwealth University

Virginia Commonwealth University

As told in this book, MCV and RPI each have an intricate and detailed history, and each has undergone several incarnations since it began.

Commonwealth Caribbean Business Law

Commonwealth Caribbean Business Law

The book primarily targets the development of business law in several Caribbean Commonwealth jurisdictions but also, where appropriate, embraces the ...

Day-by-day Walkthroughs Directory


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