Test Database
Summary: Monday 22-October-2018
Australia Value Chg
S&P/ASX All Ordinaries Index 6,006.2 -29.0
S&P/ASX 200 Index 5,904.9 -26.5
ASX Volume (million) 1,877.5 -113.1
ASX Advances 501 ---
ASX Declines 756 ---
ASX Value ($ million) 4,275.2 -390.6
RBA cash rate 1.50 0.00
90 day bank bill rate 1.96 0.00
10 year Treasury bond yield 2.70 0.02
AUD/USD 0.7107 -0.0002
AUD/TWI 61.6 -0.1
USD/JPY 112.59 0.23
EUR/USD 1.1511 0.0052
Asia Value Chg
Nikkei 225 Index 22,614.8 82.7
Hang Seng Index 26,153.2 591.8
Europe Value Chg
FTSE 100 Index 7,042.8 -7.0
DAX Index 11,524.3 -29.5
North America Value Chg
Dow Jones Industrial Average 25,317.41 -126.93
NYSE Volume (million) 747.6 -187.8
NYSE Advances 1,239 ---
NYSE Declines 1,758 ---
NASDAQ Composite Index 7,468.63 19.60
NASDAQ Volume (million) 2,251.1 -243.2
NASDAQ Advances 1,309 ---
NASDAQ Declines 1,747 ---
US 3 month Treasury bill rate 2.31 0.01
US 10 year Treasury bond yield 3.20 0.00
Commodities Value Chg
London PM gold price (US$/oz) 1,222.30 -5.55
WTI crude oil price (US$/bbl 69.25 -0.12
Market News
Australian share market extends its losses from Friday as investors bail out of retailing and mid-cap industrial stocks. Gold shares notably strong with Silver Lake Resources (SLR) +3.4%, OceanaGold Corporation (OGC) +2.9%, Resolute Mining (RSG) +2.7%, Saracen Mineral Holdings (SAR) +2.1% and Evolution Mining (EVN) +2.0%.

S&P/ASX 200 Intraday


Flight Centre (FLT) one of the worst performers on the day plunging 10.0% despite saying that transaction volumes are 'tracking slightly above our long-term target of 7% annual growth.' However the company says that underlying profit before tax is only up 'modestly' on a year ago. Other travel-related stocks also lose ground with Webjet (WEB) -3.8% and Helloworld Travel (HLO) -4.9%.

Kidman Resources (KDR) soars 17.4% after completing a feasibility study on its proposed Kwinana lithium refinery. The study concludes that it is a 'compelling business case with attractive economics.' Other lithium producers also mostly higher with Pilbara Minerals (PLS) +5.1%, Argosy Minerals (AGY) +2.4% and Altura Mining (AJM) +2.3%. AVZ Minerals goes against the trend falling 6.5%.

S&P/ASX Sector Indices (% change)

Cash Converters International (CCV) jumps 17.0% after settling a class-action lawsuit for $10.6 million plus another $5.85 million for legal and other costs.

Metal additive manufacturer Titomic (TTT) rallies 6.3% after signing a $1.8 million memorandum of understanding with defence technologies group TAUV Pty Ltd.

Temple & Webster (TPW) surges 9.3% after reporting another improvement in cash flows during the September quarter 2018 and saying that revenue growth in the period was up 39% on last year.

WorleyParsons (WOR) in a trading halt after agreeing to acquire technical services group Jacobs Engineering Group's energy, chemicals and resources business for $4.78 billion. The deal will be funded via a $2.9 billion entitlement offer, $895 million of debt and $985 million of new equity to the vendor.

Political focus is on the results of the Wentworth by-election where independent Kerryn Phelps appears to have comfortably defeated Liberal candidate Dave Sharma.

Virgin Australia Holdings (VAH) gains 2.4% after confirming that September quarter quarter trading revenue was up 9.7% on last year.

GR Engineering Services (GNG) sinks 3.5% despite winning a $17.6 million contract at the Fungoni Mineral Sands Project in Tanzania.

Western Areas (WSA) climbs 3.4% after confirming strong feasibility study results for its Odysseus nickel project.

ASX Market Moving Stocks

President Trump says he is planning a 10% tax cut for middle income earners.

Choppy trading session in the US with energy and financial stocks losing ground. Tech stocks lift the NASDAQ Composite.

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