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Afternoon (PM) Market Report

The Australian share market has closed higher as the heavyweight mining and financial sectors shrugged off their morning losses.


Monday, 24th June, 2019

After falling by as many as 33 points before noon, the ASX200 index closed up 14.6 points, or 0.22 percent, to 6,665.4 points at 1615 AEST on Monday. The broader All Ordinaries finished up 11.2 points, or 0.17 percent, to 6,745.5.

Among the big four, Commonwealth was up 0.6 percent to $82.70, ANZ up 0.5 percent to $28.68, Westpac up 0.4 percent to $28.33 and NAB up 0.3 percent to $26.94. The mining sector was up 0.2 percent as a whole, with BHP up 0.4 percent to $41.20 and Rio Tinto up 0.2 percent to $101.73 while Fortescue Metals dropped 0.6 percent to $8.82. Property was the best-performing sector, up 1.36 percent, with Mirvac Group up 2.5 percent to $3.23, Stockland up 2.1 percent to $4.41 and Goodman Group up 1.5 percent to $15.31.

Consumer staples were the worst performers, down 0.7 percent, dragged down by Metcash after the IGA supplier announced a decline in food earnings and higher finance costs. Metcash shares fell 9.84 percent to $2.84 and Coles was down 2.3 percent to $13.11 but Woolworths gained one cent to close at $33. Aveo was down 5.3 percent to $1.97 after the retirement home operator said it expected a fall in its full-year profit.

The Aussie dollar is buying 69.59 US cents, from 69.22 US cents on Friday.

Equities / Fixed Interest Close Change % Change 
All Ordinaries 6746 11 0.17
S&P/ASX 200 6665 15 0.22
Currency Close Pts Change % Change 
$A vs $US 0.6949 0.0006 0.08
$A vs GBP 0.5457

0.0012

0.22
$A vs EUR 0.6106 0.0008 0.13
$A vs YEN 74.66 0.15 0.20
$A vs $NZ

1.0513

-0.0011

-0.10