Afternoon trading Jan 24, page-4

First 4 Last

Share
Profile

Follow
slips

10,816 Posts.

34

24/01/18

13:03

Post #: 30529819
Share

Originally posted by highlandlad ↑

Thanks Oscar and morning crew.

Half-time round-up:

Shares extended yesterday's gains after a broadly positive night on world markets offered traders further encouragement to buy near one-month lows.

The ASX 200 continued its recovery from a two-week slump with a rise of 18 points or 0.3% to 6055. The index closed below 6000 on Monday for the first time since early December, but reversed sharply yesterday with its biggest gain since October.

This morning's advance was led by energy +0.9%, health +0.8% and utilities +0.6%. Financials put on 0.4%, offsetting a 0.4% decline in metals & mining.

Overnight, US markets closed mixed as traders mulled the potential fallout from a trade war if Asian nations retaliate against the Trump administration's decision to impose tariffs on some imports. The S&P 500 added 0.22%, while the Dow eased 0.01%. S&P 500 futures were recently up one point or 0.04%.

A mixed morning in Asia saw China's Shanghai Composite up 0.17%, Hong Kong's Hang Seng down 0.06% and Japan's Nikkei down 0.39%.

Crude oil futures edged down four cents or 0.06% this morning to US$64.43 a barrel. Gold futures improved $3.30 or 0.25% to US$1,345 an ounce. The dollar was buying 80.04 US cents.

Overall market sentiment seems much brighter since Monday's retest of the 6000 level. Feels like we have a base now for further gains if overseas markets play nice. Looks like some select bargain-hunting among the specs after Monday's horror show. Well done if you got the lows. Trading: suffered one of those distracted mornings when I spent more time on the phone discussing prawns and washing machines (separately) than focussing on the market. In the rare interludes I drew a wage from AEE and 3DP.

Expand

finally picked one up FDM which did a bitjmt
1 Upvote

Reply

Top Stories

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

RHI

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL

KGL sniffs 19% Cu from drilling at Rockface play in NT

Climate change to drive market trends to the moon

TVN

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

There are more pages in this discussion • 225 more messages in this thread...

First 4 Last

Afternoon trading Jan 24, page-4

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Featured News

Featured News

Afternoon trading Jan 24, page-4

Top Stories

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

KGL sniffs 19% Cu from drilling at Rockface play in NT

Climate change to drive market trends to the moon

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

Featured News

Featured News