0250 GMT [Dow Jones] S&P/ASX 200 down 1.6% at 5283.8, underperforming Wall Street,
as major stocks suffer from fear of forced selling related to ANZ's appointment of
receivers at Opes Prime Group. ANZ says its lending exposure to Opes Prime is supported
by security in portfolio of Australian equities; says portfolio is diversified and at
current market prices is sufficient to cover amount outstanding from Opes Prime. ANZ says
based on orderly realization of security portfolio, it's unlikely to incur material
loss from exposure. Question is how much the portfolio is worth. Market anticipating
forced selling by dumping major stocks, with ANZ (ANZ.AU) down 4.2%, NAB (NAB.AU) down
4.5%, CBA (CBA.AU) down 2.9%. BHP (BHP.AU) down 2.1%, Rio (RIO.AU) down 1.3% despite
commodity price gains. Expect index to hit 5200.00 on break of 5289.0 today with
resistance now likely at 5322.0. (DWR)
opes prime, page-21
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Last
$64.00 |
Change
0.550(0.87%) |
Mkt cap ! $12.40B | |||
| Open | High | Low | Value | Volume |
| $63.91 | $64.90 | $63.57 | $27.94M | 434.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 922 | $63.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.40 | 1185 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| ASX (ASX) Chart |