Afternoon day trading June 23, page-65

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Barney82

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23/06/17

15:05

Post #: 25456383
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Originally posted by highlandlad ↑

Thanks Oscar and morning crew.

Half-time round-up:

Shares pared early gains as a new bank tax cast a pall over the last session of a downbeat week.

The ASX 200 was three points or less than 0.1% ahead at 5709 at the halfway mark after rising as high as 5723 in early action. The financials sector was the biggest drag on the index, falling 0.5% as analysts fretted that South Australia's decision to join the federal government in imposing a new levy on the big banks might prompt other states to follow suit.

"We see the current challenging political landscape as an ongoing drag on sentiment for Australian banks and the market. This uncertainty is likely to result in share-price pressures and higher cost of capital for Australian corporates," one analyst warned.

The hit to the big banks offset a positive morning for the metals & mining sector +1%, health +0.9% and telecoms +0.7%. The index fell sharply through Tuesday and Wednesday and looks set to close almost 100 points in the red for the week.

A flat session on Wall Street overnight did little to inspire Asia. China's Shanghai Composite dipped 0.12%, Hong Kong's Hang Seng rose 0.3% and Japan's Nikkei edged down 0.01%. Dow futures were recently ahead by 22 points or 0.1%.

Crude oil futures added another nine cents or 0.21% this morning to US$42.83 a barrel. Gold futures put on $2.50 or 0.2% to US$1,251.90 an ounce. The dollar was buying 75.47 US cents.

Trading: Friday has always tended to be the slowest day of the week, which in a slow market makes for low expectations. Set a lot of lowball offers this morning without success. Small entry in CHP, but there's a big seller dumping hard.

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Thanks H,

Personally I've found Fridays much better over the recent weeks with Mondays being the new Friday. I put it down to a lack of leads from overseas markets.
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First 65 Last

Afternoon day trading June 23, page-65

Nimy to raise $1.21M to explore 'newsy' WA targets

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

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Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

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Afternoon day trading June 23, page-65

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Immutep reports strong response rate from immunotherapies treating carcinomas

ASX hits all time high out the gate on Friday trades following bullish US inflation data

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