The local market opened lower on the back of Wall St losses and continued lower during the day, weighed down by disappointing earnings results and a slide in shares from steelmaker Bluescope and Vocus
Monday, 21st August, 2017
There were mixed results from the sectors; energy and consumer staples gained most significantly while health care was clearly the worst performer for the session. The Australian dollar fell against most major currencies.
The All Ordinaries fell 18.50 points (-0.32%) to 5,780 while the S&P/ASX 200 fell 21.20 points (-0.37%) to 5,725.90.
Spark Infrastructure announced that ETSA Utilities Finance the funding vehicle for SA Power Networks, has successfully placed: $375m of 7-year fixed rate Australian Medium Term Notes (AMTN's) maturing in August 2024 and $175m of 5-year floating rate AMTN's maturing in August 2022. The issues complete the balance of its refinancing of the $500m AMTN debt maturing in September 2017 and October 2017, and provide funding for new capital expenditure. SKI added 3 cents (1.19%) to $2.55. Beach Energy advised that it has suspended the operation of the DRP effective from 21 August 2017. BPT added 6 cents (10.48%) to $0.685.
The NZX 50 lost 5.77 points (-0.07%) to 7,867.78 while the Nikkei dropped 77.28 points (-0.40%) to close at 19,393.13.
The Australian dollar was last quoted at 79.20 US cents.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7920||-0.0007||-0.08|
|$A vs GBP||0.6159||
|$A vs EUR||0.6747||0.0006||0.08|
|$A vs YEN||86.40||-0.25||-0.29|
|$A vs $NZ||