News: MTS Australian shares to tread cautiously in Brexit vote lead-up, NZ up

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    MELBOURNE, June 20 (Reuters) - Australian shares face a wary start on Monday after sliding last week, with all eyes on Britain's EU stay-or-leave vote later this week. Resources stocks may buoy the market following a jump in oil prices and strong Chinese housing price growth.

    Share price index futures YAPcm1 ended flat on Saturday at 5,117.0, but that was a 45.7-point discount to the underlying S&P/ASX 200 index (xjo) close, signalling downward pressure on the market. The benchmark fell 3 percent last week.

    Data on Saturday showed China's home price growth was spreading to smaller cities, reinforcing the one bright spot in the world's second-largest economy amid slowing investment and industrial growth.

    New Zealand's benchmark S&P/NZX 50 index (nz50) rose 0.3 percent to 6,684.3 in early trade on Monday.

    Grocery wholesaler Metcash Ltd (MTS), one of the most heavily shorted stocks among the top 200, reported a 7 percent drop in full year earnings before interest and tax, in line with market forecasts.

 
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Last
$3.93
Change
0.010(0.26%)
Mkt cap ! $4.319B
Open High Low Value Volume
$3.93 $3.98 $3.89 $17.70M 4.516M

Buyers (Bids)

No. Vol. Price($)
1 2674 $3.91
 

Sellers (Offers)

Price($) Vol. No.
$3.94 15795 1
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