The Australian share market is set to open in positive territory, following mixed leads from Wall Street. US stocks edged higher in low volume trade as investors await the Federal Reserve’s meeting later this week. Energy shares lost 0.6 percent as oil extended losses.
Markets
Wall Street closed mixed yesterday: The Dow Jones Industrial Average gained 0.1 per cent to close at 17,229, the S&P 500 lost 0.1 per cent to close at 2,020 and the NASDAQ gained 0.04 per cent to close at 4,750.
European markets closed up: London’s FTSE gained 0.6 per cent, Paris gained 0.3 per cent and Frankfurt gained 1.6 per cent.
Asian markets closed up: Tokyo’s Nikkei added 1.7 per cent, Hong Kong’s Hang Seng gained 1.2 per cent, and China’s Shanghai Composite gained 1.8 per cent.
The Australian share market closed higher yesterday: The S&P/ASX 200 Index closed 19 points up to finish at 5,185. On the futures market the SPI is 4 points up.
Currencies
The Australian Dollar at 8:25AM was buying $US0.7511 cents, 52.55 Pence Sterling, 85.49 Yen and 67.68 Euro cents.
Economic news
Due out today from the Reserve Bank of Australia is the minutes of the central bank’s March meeting.
Company news
Regis Resources Limited
(ASX:RRL) says estimates at Gloster and Baneygo have added 361,000 ounces to gold reserves at the miners wholly owned Duketon Gold project. This increase more than replaces expected FY16 production and is an 18 percent increase to Regis’ last quoted reserve base of 2 million ounces in March 2015. The gold producer said mining at Gloster is expected to commence in the September 2016 quarter. Shares in Regis Resources closed 6.64 per cent lower yesterday at $2.39.
Range Resources Limited
(ASX:RRS) has advised of the successful spudding of its MD 51-1 development well on 10 March 2016, following the approval of a new 4,000m drilling rig. The well will test deeper horizons of the Upper and Middle Cruse sand trends and explore the potential of out-step drilling. The company also told investors that three new drilling rigs of RRDSL are currently undergoing certification and will be brought into drilling operations once approved. Shares in Range Resources closed flat yesterday at $0.006.
Ex-dividends Name | Code | Date | Amount(cents) | Franking |
Adairs Limited | ADH | 15/03/16 | 5.0 | 100 |
Altium Limited | ALU | 15/03/16 | 10.0 | 0 |
Apn Property Group | APD | 15/03/16 | 1.3 | 100 |
Blackwall Property | BWF | 15/03/16 | 1.7 | 100 |
Blackwall Prop Trust | BWR | 15/03/16 | 6.0 | 0 |
Cimic Group Ltd | CIM | 15/03/16 | 50.0 | 100 |
DWS Ltd | DWS | 15/03/16 | 4.8 | 100 |
Ethane Pipeline | EPX | 15/03/16 | 3.3 | 77.08 |
Psc Insurance Ltd | PSI | 15/03/16 | 1.2 | 100 |
Pacific Smiles Grp | PSQ | 15/03/16 | 2.0 | 100 |
Reece Limited | REH | 15/03/16 | 27.0 | 100 |
Royal Wolf Holdings | RWH | 15/03/16 | 3.0 | 100 |
Tassal Group Limited | TGR | 15/03/16 | 7.5 | 75 |
Thorney Opp Ltd | TOP | 15/03/16 | 0.6 | 100 |
Commodities
Gold has lost $23.40 to $US1,236 an ounce for the April contract on Comex.
Silver has lost $0.24 to $15.37 for May.
Copper has gained $0.001 to $2.24 a pound for May.
Oil has lost $1.04 to $US39.05 a barrel for April light crude in New York.