The market opened higher today on the back of gains on Wall Street overnight. The positivity continued throughout the day buoyed by the miners and ANZ to close at a five-month high
Tuesday, 17th October, 2017
There were mixed results from the sectors; materials gained most significantly while utilities were the only sector in the red. The Australian dollar gained against most major currencies.
The All Ordinaries added 40.90 points (0.69%) to 5,958.10 while the S&P/ASX 200 rose 42.80 points (0.73%) to 5,889.60.
Cochlear provided its chairman's address at its AGM. The chairman reported that there was a net profit of $224m, an increase of 18% on the FY2016 result. Cochlear launched number of products which include the Kanso Sound Processor, the company's first off-the-ear sound processor, the Nucleus Profile Slim Modiolar electrode, the world's slimmest electrode, as well as the Baha 5 range of sound processors.. COH added $1.65 (0.98%) to $169.42. Australia & New Zealand Banking Group announced the sale of its OnePath pensions and investments (OnePath P&I) and aligned dealer groups (ADG) business to IOOF Holdings (IOOF) for $975m. ANZ will also enter into a 20-year strategic alliance to make available IOOF superannuation and investment products to ANZ customers.. ANZ gained 18 cents (0.60%) to $30.34. Challenger reported an increase in assets under management, driven by results in both Life and Funds Management in the September quarter. Challenger's total group assets under management was $73.5b at 30 September 2017, up 5% in the quarter.. CGF lifted 67 cents (5.35%) to $13.19.
The NZX 50 added 21.32 points (0.26%) to 8,112.05 while the Nikkei rose 75.83 points (0.36%) at the time of writing, to be last quoted at 21,331.62.
The Australian dollar was last quoted at 78.47 US cents
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7847||0.0003||0.04|
|$A vs GBP||0.5920||
|$A vs EUR||0.6666||0.0016||0.25|
|$A vs YEN||88.01||0.01||0.02|
|$A vs $NZ||