Market Update: The S&P/ASX 200 was up 0.2% at 5,345 points after yet another record close for the Dow and S&P 500 and the Nasdaq advanced further above 4,000...

Bell Potter

Market Update: The S&P/ASX 200 was up 0.2% at 5,345 points after yet another record close for the Dow and S&P 500 and the Nasdaq advanced further above 4,000 points. Financials were up moderately with all major banks rising between 0.2% and 1.0%. Resources were generally higher, with the exception of gold stocks. BHP and RIO were both up 0.1% and 0.5% respectively. Weakness in gold stocks persists with OceanaGold dropping 5.1% and St. Barbara falling 3.5%. Engineering firm Forge Group tanked 82.9% after it was forced to increase a debt facility with ANZ Bank more than five-fold from $11m to $60m due to budget blowout from its Diamantina and West Angelas projects. The AUD had a boost after an unexpected rise in companies investment figure this morning. It is currently trading at US$0.9126. The SPI was up 0.1% at 5,354 points on the Sydney Futures Exchange.


Bell Potter

Bell Potter is a member of the Bell Financial Group (BFG) of companies. We are one of Australia's largest full service stockbrokers and a leading financial advisory firm, offering a full range of services to private, corporate and institutional...

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