FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_lcap11%More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_rcap 11% [ 21 ]
More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_lcap20%More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_rcap 20% [ 38 ]
More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_lcap29%More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_rcap 29% [ 55 ]
More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_lcap40%More than $33 billion wiped from Australian share market  - ?? Any impact to CSE ? Vote_rcap 40% [ 76 ]

Total Votes : 190

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» AAIC Next multibugger- destnation beyond EXPO.
by ADVENTUS Today at 2:14 am

» RENUKA AGRI FOODS PLC (RAL.N0000) TP. 7
by Cma Today at 2:08 am

» Sri Lankan Port Transshipment Hub Threats & Opportunities
by rajini Today at 12:53 am

» LANKA INDIAN OIL CORPORATION - Maharaja
by Maharaja Yesterday at 11:07 pm

» ACL; MELS; HHL; BIL; LWL- STOCKS TO WATCH
by Dilshan2020 Yesterday at 10:39 pm

» AAIC 100 = SCAP 16
by SamJay1974 Yesterday at 8:12 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ADVENTUS Yesterday at 8:02 pm

» APLA - Very very undervalued share - Target Price
by Jana Yesterday at 7:07 pm

» HAYLEYS PLC (HAYL.N0000)
by Chamath1980 Yesterday at 5:07 pm

» New Bermuda Triangle
by rajini Yesterday at 2:17 pm

» BOGAWANTALAWA TEA ESTATES PLC (BOPL.N0000)
by cheetah Yesterday at 6:33 am

» Technical update 12.08.2022 Maharaja
by Maharaja Mon Aug 15, 2022 11:04 pm

» Exterminators Plc (EXT.N)
by ErangaDS Mon Aug 15, 2022 9:09 pm

» ALLIANCE FINANCE COMPANY PLC (ALLI.N0000)
by Gaudente Mon Aug 15, 2022 8:08 pm

» GREAT OPPORTUNITIES FOR EVERYONE-
by ADVENTUS Mon Aug 15, 2022 5:12 pm

» LOLC to enter the giant Indian Market
by samaritan Mon Aug 15, 2022 4:52 pm

» Hidden Gem - GLAS - 40/- Soon
by vijay singh Mon Aug 15, 2022 10:36 am

» Buy lofc tomorrow - Maharaja
by Anushka Perz Mon Aug 15, 2022 12:59 am

» LIOC ....Get in soon
by Citizen Silva Sun Aug 14, 2022 10:26 pm

» L G I L - Maharaja special
by Chula Sun Aug 14, 2022 10:12 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » More than $33 billion wiped from Australian share market - ?? Any impact to CSE ?

More than $33 billion wiped from Australian share market - ?? Any impact to CSE ?

Go down  Message [Page 1 of 1]

amibroker


Manager - Equity Analytics
Manager - Equity Analytics

MORE than $33 billion was wiped from the value of the Australian share market, which in fell in line with other global bourses on renewed concerns about a world economic slowdown.

At the 4.15pm (AEST) close, the benchmark S&P/ASX200 index had fallen 106.9 points, or 2.27 per cent, to 4600.4 points, while the broader All Ordinaries index lost 105.4 points, or 2.2 per cent, at 4683.2 points.

It's the biggest one-day loss since June 7, 2010, the SMH reports.

On the ASX 24, the June share price index futures contract was 106 points lower at 4603 points, with 41,920 contracts traded.

The S&P/ASX200 index closed at its weakest level since March 17.

CMC Markets sales trader Ben Taylor said that despite better than expected retail sales figures for Australia in April, which were released today, investors were focused on a slowdown in global economic growth.

Start of sidebar. Skip to end of sidebar.
Related Coverage

* Currency: Dollar down 1c

* Banks hit hardest as stocks fall 1.9pc The Australian, 10 days ago
* US stocks pare losses Adelaide Now, 15 Jul 2010
* Wall Street slumps on Europe fears NEWS.com.au, 1 Jun 2010
* Stocks stabilise after US slump NEWS.com.au, 25 May 2010
* Stocks open lower after US slump NEWS.com.au, 25 May 2010

End of sidebar. Return to start of sidebar.

"A lot of the drive is coming from overseas markets at the moment," he said.

"There was a shocking set of (manufacturing) PMI data (purchasing managers' index, used to measure strength in the sector) for the UK, China and euro zone, and then US markets fell last night... Moody's downgrade of Greek debt put the nail in the coffin."

Jobs and manufacturing data showing deep weaknesses in the US economy sent the US stock market plunging today, wiping out the gains of previous days.

The Dow Jones Industrial Average dropped 279.14 points, or 2.22 per cent, to 12,290.65.

Mr Taylor said the various data did not show a good picture of growth.

He said the slowdown had come at a time when markets were expected to be kicking into a higher gear of recovery.

Mr Taylor said he expected the negative sentiment to last several weeks until bargain-seekers returned to the market.

Among resource stocks on the local bourse BHP Billiton fell 98 cents to $43.55.

Rio Tinto was down $1.45 at $80.10 as it said a tie-up with Chinalco, China's largest alumina producer, would give it unprecedented access to explore resource-hungry China for copper and other minerals.

Among the major banks, National Australia Bank dumped $1.64, or 6.29 per cent, to $24.43 as it went ex dividend and investors worried over the bank's European exposures.

The Commonwealth Bank backtracked 96 cents to $49.40, Westpac retreated 50 cents to $21.45, and ANZ was 56 cents weaker at $21.44.

Qantas descended two cents to $2.09 as it said it had carried seven per cent more passengers in April compared with March but operations had been affected by one-off events.

Wesfarmers was 54 cents lower at $32.59 as it said heavy rainfall earlier this year at its Curragh coal mine in Queensland had forced it to downgrade sales guidance.

Preliminary national turnover was 2.21 billion securities worth $5.73 billion, with 911 stocks down, 247 stocks up and 368 unchanged.

3 comments on this story

Read more: http://www.news.com.au/business/blue-chips-in-bargain-bin-as-australian-sharemarket-falls-18pc/story-e6frfm1i-1226068098373#ixzz1O7OBLToA

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum