News & Opinions Home
Market Place
Reuters New Zealand
Australia shares 0.5 percent lower;, Centrex leaps
Thursday November 5, 03:44 PM
(Adds Centrex)
WELLINGTON, Nov 5 (Reuters) - Australian shares extended losses to be 0.5 percent lower on Thursday, with banks and miners mixed amid a market consolidation after strong gains between March and October.
The benchmark S&P/ASX 200 index .AXJO fell 20.8 points to 4,519.3 at 0242 GMT.
New Zealand's benchmark NZX 50 index .NZ50 was 0.5 percent weaker at 3,152.4.
STOCKS ON THE MOVE
* Shares in iron ore explorer Centrex Metals Ltd CXM.AX jumped 9.4 percent to A$0.70 after the Australian government approved a A$271 million investment by China's Wuhan Iron & Steel Group Co.
0234 GMT
* Toll-road operator Transurban (ASX: TCL.ax) shares rose 16.9 percent at A$5.13 after it revealed that two Canadian pension funds had made a buy-out approach. It rejected the approach but left the door open to further talks. [ID:nSYD544423]
0234 GMT
* Shares in department store Myer Holdings MYR.AX rose as much as 2.3 percent to A$3.90 after it said first quarter sales grew 5.2 percent and it was on track to meet its full-year forecast. [ID:nSYU008997]
2340 GMT
* Fellow department store David Jones saw its stock fall 2.6 percent to A$5.29 in after it said first quarter sales rose 2.2 percent but it was too early to provide updated guidance. [ID:nSYU008996]
2320 GMT
* Shares in mining contractor Leighton Holdings (ASX: LEI.ax) gained 2 percent in early trade to A$34.65 after it reported a 10 percent jump in first quarter revenue and maintained its full year profit forecast. [ID:nSYU008995]
2315 GMT (Reporting by Adrian Bathgate; Editing by Mark Bendeich)
| More Quotes and Company Information: |
Next Article: Australia shares end down 0.7 pct; miners, property drag
Previous article: Australia shares open 0.4 percent firmer
Top Headlines
Strategic Finance to miss first repayment to investors
Tuesday January 5, 08:03 PM - NZPA
Strategic Finance Ltd (SFL) will miss its first repayment to its investors, to whom it owes about $325 million. .. Read More
Australia and China head M&A activity
Tuesday January 5, 06:52 PM - AAP
Australia ran second to China as the most targeted nation in the Asia-Pacific area, excluding Japan, for merger and acquisiti .. Read More
Kiwi maintains strength into New Year
Tuesday January 5, 06:31 PM - NZPA
Strong equity and commodities markets lifted the New Zealand dollar into 2010, following up on gains made last year. .. Read More
Calculators
Copyright © 2010 Yahoo! All rights reserved.
Yahoo!Xtra: A Yahoo!7/Telecom New Zealand Company.