Australian stocks open flat
21/10/2016 10:12 AM

The Australian share market has opened flat.

At 1010 AEDT on Friday, the benchmark S&P/ASX200 index was up 0.9 points, or 0.02 per cent, at 5,443, while the broader All Ordinaries index was down 0.8 points, or 0.01 per cent, at 5,525.4.

The ASX 24 the share price futures index contract was down two points at 5,423, with 7,535 contracts traded.

Australian market set to open flat
21/10/2016 6:59 AM

The Australian market looks set to open flat after the Dow Jones and S&P 500 fell slightly in a choppy session as investors digested the latest round of earnings reports.

At 0645 AEDT on Friday, the share price index was down one point at 5,424.

Locally, no major economic news is expected on Friday.

In equities news, Qantas, IAG, Event Hospitality and Healthscope have annual general meetings scheduled.

Brazilian prosecutors have charged 22 Samarco employees, most with qualified homicide, over the fatal tailings dam collapse at a mine part-owned by BHP Billiton.

In Australia, the market on Thursday rose modeslty, with gains in the resources sector offseting losses from retail, health and telco ssectors.

The benchmark S&P/ASX200 index rose 6.7 points, or 0.12 per cent, to 5,442.1 points.

The all Ordinaries lifted 7.8 points, or 0.14 per cent, to 5,526.2 points.

Australian stocks flat in early trade
20/10/2016 11:02 AM

The Australian share market is trading steady, as gains in energy and resource companies were offset by falls in banking and healthcare stocks.

The benchmark S&P/ASX 200 index was down 0.04 per cent at 1031 AEDT, despite a sharp rise in oil prices and US stocks ending stronger for a second straight session.

The Dow Jones Industrial Average rose 0.22 per cent and Nasdaq gained 0.05 per cent overnight.

Patersons Securities economist Tony Farnham said energy and materials stocks were finding support among investors.

Mr Farnham said local investors are keenly awaiting September jobs numbers at 1130 AEDT and the third US Presidential debate between Republican candidate Donald Trump and Democratic candidate Hillary Clinton, which kicks off at 1200 AEDT.

"There's two events for us might be go big or home moment for Donald," Mr Farnham said.

Oil giant Woodside Petroleum jumped 41 cents to $29.71 after posting better-than-expected third quarter production and revenue numbers.

Origin Energy rose 5.5 cents to $5.67 and Oil Search added five cents to $7.28 after the West Texas crude oil price rose 2.6 per cent overnight.

Resource giants BHP Billiton and Rio Tinto rose 20 cents to $22.67 and one cent to $50.75, respectively.

Three of Australia's four biggest banks were trading lower, with Westpac down 17 cents to $30.18, Commonwealth Bank losing nine cents to $74.65 and ANZ shedding one cent to $27.86.

Bucking the industry trend was National Australia Bank, which added six cents to $27.85.

Biotechnology giant CSL lost 28.5 cents to $105.58, weighing on the health care index, which is down 0.32 per cent.


* At 1031 AEDT, the benchmark S&P/ASX 200 index was down 2.3 points, or 0.04 per cent, at 5,433.1 points.

* The broader All Ordinaries index was down 1.2 points, or 0.02 per cent, at 5,517.2 points.

* The December share price index futures contract was up five points at 5,411 points, with 9,187 contracts traded.

* National turnover was 508.5 million securities traded, worth $944.9 million.