MARKET NEWS

Third straight day of gains on market
17/04/2014 5:23 PM

The share market heads into the Easter break with three consecutive days of gains and one per cent off a post-GFC high.

After a heavy fall to start the week, the market rebounded as positive earnings reports from US companies and strong US industrial production numbers boosted global sentiment.

CMC Markets chief market strategist Michael McCarthy said the "circuit breaker" was a strong profit performance and outlook from IT company Intel earlier in the week, which had slowed the sell-off of tech stocks.

"It's been a remarkable turnaround in sentiment over the course of the week," he told AAP.

The IT sector was the best performer on Friday.

Xero gained $1.17, or 4.6 per cent, to $26.66 and Carsales.com added 32 cents, or 3.1 per cent, to $10.75.

Supermarket owner Woolworths lifted 75 cents, or 2.1 per cent, to $37.09 on double its normal trading volumes, despite no announcements or news to indicate a reason.

Rival Wesfarmers was only up in line with the overall market, by 25 cents, or 0.6 per cent, to $42.98.

Oil and gas producer Santos dropped two cents to $13.42 after its first quarter sales revenue lifted 28 per cent from a year ago despite a flat production performance.

Energy giant Woodside Petroleum was up 41 cents at $40 after reporting a rise in its first quarter revenue.

KEY FACTS

* The benchmark S&P/ASX200 index gained 33.9 points, or 0.63 per cent, to 5,454.2 while.

* The broader All Ordinaries index added 32.2 points, or 0.59 per cent, to 5,444.8.

* The June share price index futures contract was 36 points higher at 5,443, with 26,044 contracts traded.

* The price of gold in Sydney was $US1,298.17 per fine ounce, down $US2.25 on Wednesday's closing price of $US1,300.42.

* National turnover was 1.6 billion securities worth $4.05 billion.

Third straight day of gains on market
17/04/2014 5:04 PM

The share market heads into the Easter break with three consecutive days of gains and one per cent off a post-GFC high.

After a heavy fall to start the week, the market rebounded as positive earnings reports from US companies and strong US industrial production numbers boosted global sentiment.

CMC Markets chief market strategist Michael McCarthy said the "circuit breaker" was a strong profit performance and outlook from IT company Intel earlier in the week, which had slowed the sell-off of tech stocks.

"It's been a remarkable turnaround in sentiment over the course of the week," he told AAP.

The IT sector was the best performer on Friday.

Xero gained $1.17, or 4.6 per cent, to $26.66 and Carsales.com added 32 cents, or 3.1 per cent, to $10.75.

Supermarket owner Woolworths lifted 75 cents, or 2.1 per cent, to $37.09 on double its normal trading volumes, despite no announcements or news to indicate a reason.

Rival Wesfarmers was only up in line with the overall market, by 25 cents, or 0.6 per cent, to $42.98.

Oil and gas producer Santos dropped two cents to $13.42 after its first quarter sales revenue lifted 28 per cent from a year ago despite a flat production performance.

Energy giant Woodside Petroleum was up 41 cents at $40 after reporting a rise in its first quarter revenue.

KEY FACTS

* At the close on Thursday the benchmark S&P/ASX200 index was up 33.9 points, or 0.63 per cent, at 5,454.2 while.

* The broader All Ordinaries index was up 32.2 points, or 0.59 per cent, at 5,444.8.

* The June share price index futures contract was 36 points higher at 5,443, with 26,044 contracts traded..

* National turnover was 1.6 billion securities worth $4.05 billion.

Third straight day of gains on market
17/04/2014 4:23 PM

The share market has posted a third straight day of gains, led by the property, finance and consumer sectors.

At the close on Thursday, the benchmark S&P/ASX200 index was up 33.9 points, or 0.63 per cent, at 5,454.2 while the broader All Ordinaries index was up 32.2 points, or 0.59 per cent, at 5,444.8.

On the ASX 24, the June share price index futures contract was 40 points higher at 5,447, with 24,726 contracts traded.