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ASX Market Report

Equities/
Fixed Interest
Close Points
Changed
%
Change
Currency Close Points
Changed
%
Change
All Ordinaries 5742 39 0.69 $A vs $US 0.7550 -- -0.00
S&P/ASX 200 5706 40 0.71 $A vs GBP 0.5959 0.0004 0.06
10-year Bond Rate 2.42 -0.01 -0.62 $A vs YEN 83.84 -0.20 -0.24
  $A vs EUR 0.6762 0.0001 0.02
  $A vs $NZ 1.0407 -0.0008 -0.07
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ASX Code Company Name Impact Recommendation
CAR Carsales.com Limited (CAR)
MTS Metcash Limited (MTS)
TWE Treasury Wine Estates Limited (TWE)
WES Wesfarmers Limited (WES)
WOW Woolworths Limited (WOW)
GMG Goodman Group (GMG)

Thursday 22 June - The Australian market ended its two-day losing streak today as bargain hunters piled into the big four banks and other oversold blue-chip stocks, despite another overnight fall in the US market and oil prices. At close, the ASX 200 index recovered half of yesterday's losses, finishing slightly above the key 5,700-point mark. There were positive results across the sectors, with the only exception of telecommunication services. The Australian dollar depreciated against the greenback and had mixed results against other major currencies.

The All Ordinaries added 39.10 points (0.69%) to 5,742.30 while the S&P/ASX 200 gained 40.30 points (0.71%) to 5,706.00.

CIMIC Group Limited (CIM)

CIMIC Group announced that CPB Contractors, with its JV partners, has been selected to deliver a new metro railway crossing deep under the world-famous Sydney Harbour. The NSW Government awarded a $2.81bn contract to deliver twin 15.5km tunnels and associated civil works on Stage 2 of the Sydney Metro project - Australia's public transport project. The JV comprises CPB Contractors (45%), John Holland (45%) and Ghella (10%). In June 2016, CPB Contractors, with JV partners John Holland and Dragados, officially completed tunnels and station civil works for the $8.3bn Sydney Metro Northwest project (Stage 1 of Sydney Metro) seven months ahead of the contract program. CIM climbed 65 cents (1.69%) to $39.13.

Mesoblast Limited (MSB)

Mesoblast announced that results from the randomized, placebo-controlled 48-patient Phase 2 trial of its proprietary allogeneic Mesenchymal Precursor Cells (MPCs) in patients with biologic refractory rheumatoid arthritis (RA) were presented at the European League Against Rheumatism (EULAR) Annual European Congress of Rheumatology. The abstract was selected by peer review and presented by the trial's independent investigators. The EULAR Congress is the key European platform for showcasing innovation in rheumatology and highlighting the latest advances in the field. The 2017 Congress was attended by 14,000 delegates from more than 120 countries. MSB rose 4 cents (2.02%) to $2.02.

The NZX rose 36.58 points (0.49%) to 7,563.69 while the Nikkei fell 28.28 points (-0.14%) to close at 20,110.51.

The Australian dollar was last quoted at 75.50 US cents.

Companies commencing Ex-Dividend Trading Today (ASX 300):

G8 Education Limited

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