Afternoon trading October 30, page-3

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Cleo

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30/10/18

13:07

Post #: 36313909
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Originally posted by highlandlad ↑

Thanks Oscar and morning crew.

Half-time round-up:

Shares recovered from an early sell-off as regional markets shrugged off a volatile session on Wall Street.

The ASX 200 reached the halfway mark eight points or 0.15% stronger at 5737 after earlier falling as low as 5692. Leading the revival were consumer staples +0.6% and financials +0.5%. Resource stocks were the biggest drag on the index, the gold sector falling 2.1% and materials 0.2%.

The early weakness followed a night of violent swings in the US, where the S&P 500 traded above 2,700 and close to 2,600 before closing 17.5 points or 0.66% weaker at 2,641. S&P 500 futures were recently ahead 7.5 points or 0.28%.

The market mood was calmer in Asia, where China's Shanghai Composite edged up 0.19% andJapan's Nikkei 0.41%. Hong Kong's Hang Seng slid 0.47%

Crude oil futures extended their overnight weakness with a decline of 17 cents or 0.25% this morning to US$66.87 a barrel. Gold futures rallied $3 or 0.15%to US$1,231 an ounce. The dollar was buying 70.68 US cents.

Trading: managed to scramble onto a lifeboat at the open to escape my disastrous voyage on the Titanic, aka GCY. (Although when I say "lifeboat", I mean a floating door and I had to push Kate Winslet off cause she wouldn't share - you've seen the movie.) Spent the rest of the morning repairing the iceberg-sized hole in the trading account with bounce wins in RAP and FLC. A better day.

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If Kate knew that Leo was gonna grow up and become a wealthy stockbroker she may have let him share that piece of wood.

KGN - yes it is tradeable today.
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First 3 Last

Afternoon trading October 30, page-3

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Afternoon trading October 30, page-3

Top Stories

Frontier Energy achieves key milestone for Waroona energy project

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

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