Market Update: Despite the heavy losses across the US and European equity markets overnight on Ukraine jitters, the S&P/ASX200 bucked the trend to be up 0.3%...

Bell Potter

Stockbroker

Market Update: Despite the heavy losses across the US and European equity markets overnight on Ukraine jitters, the S&P/ASX200 bucked the trend to be up 0.3% at 5,401 points. RBA has left cash rate unchanged at 2.5% as widely expected. All the major banks were between 0.5% to 1.0% higher. Resources were mixed with BHP flat and RIO rising 0.3%. Gold stocks retreated from yesterday's strong gain. Medusa Mining and Resolute Mining both dropped 4.5%. The AUD was trading steadily at USD 0.8933. The SPI was up 0.2% at 5,399 points on the Sydney Futures Exchange.


Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

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