15 Mar 2018 - Market Wrap: The Australian share market closed lower for the fourth straight day. Miners saw the most gains today after the iron ore price moved back above the US$70 a tonne level with Rio Tinto (ASX:RIO) gaining almost 2 per cent. Financials were the biggest drag today with the NAB (ASX:NAB), ANZ and CBA (ASX:CBA) losing over 1 per cent amid the banking inquiry. Newcrest Mining (ASX:NCM) shares hit a 8 month low, after the gold producer advised its NSW Cadia gold mine is not likely to meet production guidance for this financial year. Commonwealth Bank of Australia (ASX:CBA) launched an offer of a new security, PERLS X. Plus news on Aconex (ASX:ACX), Pilbara Minerals (ASX:PLS) and a new IPO.
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SUMMARY
15 Mar 2018 - Market Wrap: The Australian share market closed lower for the fourth straight day. Miners saw the most gains today after the iron ore price moved back above the US$70 a tonne level with Rio Tinto (ASX:RIO) gaining almost 2 per cent. Financials were the biggest drag today with the NAB (ASX:NAB), ANZ and CBA (ASX:CBA) losing over 1 per cent amid the banking inquiry. Newcrest Mining (ASX:NCM) shares hit a 8 month low, after the gold producer advised its NSW Cadia gold mine is not likely to meet production guidance for this financial year. Commonwealth Bank of Australia (ASX:CBA) launched an offer of a new security, PERLS X. Plus news on Aconex (ASX:ACX), Pilbara Minerals (ASX:PLS) and a new IPO.
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