US stocks had opened with an early surge however news that Fed policy makers had voted 9-1 to keep interest rates on hold in the face of global headwinds saw the main indexes give up their gains to end slightly lower.
US stock closed mixed yesterday: The Dow Jones Industrial Average lost 0.4 per cent to close at 16,675, the S&P 500 lost 0.3 per cent to close at 1,990 and the NASDAQ added 0.1 per cent to 4,894.
European markets were also mixed: London’s FTSE shed 0.7 per cent, Paris added 0.2 per cent and Frankfurt was virtually flat.
Asian markets closed mixed: Tokyo’s Nikkei added 1.4 per cent, Hong Kong’s Hang Seng slipped 0.5 per cent, and China’s Shanghai Composite dropped 2.1 per cent.
The Australian share market closed higher: The S&P/ASX 200 Index was 48 points up to finish at 5,147. On the futures market the SPI is 1 point down.
The Australian Dollar at 7:20AM was buying 71.65 US cents, 46.01 Pence Sterling, 86.12 Yen and 62.78 Euro cents.
After market close yesterday, Service Stream Limited (ASX:SSM)
announced they have been awarded a 5 year deal with nbn. The contract is worth $8-$10 million and will see Service Stream plan and implement construction of broadband infrastructure starting in Victoria. Shares in Service Stream is flat at $0.32
GDI Property Group (ASX:GDI)
will acquire a property at 223-237 Liverpool Road in the Sydney suburb of Ashfield. GDI will pay $35 million for the office space which is fully leased to the government until 2020. Delayed settlement will allow GDI to create a new unlisted fund for the property which allows for multiple exit options including residential conversion after the lease runs out. Shares in GDI last traded 1.09 per cent lower at $0.91.
Three companies are going ex-dividend today: Macquarie Atlas Roads Group (ASX:MQA)
will pay ten cents with no franking, Royalco Resources (ASX:RCO)
will pay 0.5 cent fully franked and Slater & Gordon (ASX:SGH)
will pay 5.5 cents with 40 per cent franking.
Gold has slipped $2.00 to US$1,117 an ounce for the December contract on Comex. Silver has added 22 cents to $15.11 for December. Copper is up by 1 cent to $2.45 a pound. Oil has dropped 31 cents to US$47.20 a barrel for October light crude in New York.
| Name || Code || Date || Amount(cents) || Franking |
| Macq Atlas Roads Grp || MQA || 18/09/15 || 10.0 || 0 |
| Royalco Resources || RCO || 18/09/15 || 0.5 || 100 |
| Slater & Gordon || SGH || 18/09/15 || 5.5 || 40 |
| MGM Wireless Limited || MWR || 21/09/15 || 1.3 || 0 |
| Seven Group Holdings || SVW || 21/09/15 || 20.0 || 100 |
| Collection House || CLH || 22/09/15 || 4.7 || 100 |
| IOOF Holdings Ltd || IFL || 22/09/15 || 28.0 || 100 |