ASX Market Report
|All Ordinaries||5710||-36||-0.62||$A vs $US||0.7565||--||0.01|
|S&P/ASX 200||5655||-37||-0.66||$A vs GBP||0.6119||--||-0.16|
|10-year Bond Rate||2.82||--||--||$A vs YEN||86.76||-0.20||-0.23|
|$A vs EUR||0.7083||--||-0.18|
|$A vs $NZ||1.0507||--||--|
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|ASX Code||Company Name||Impact||Recommendation|
|CSL||CSL Limited (CSL)|
|SGM||Sims Metal Management Limited (SGM)|
|SIP||Sigma Pharmaceuticals Limited (SIP)|
|SVW||Seven Group Holdings Limited (SVW)|
Friday 20 January - The local market opened lower today on the back of losses on Wall Street overnight ahead of Donald Trump's inauguration. Stocks remained below the flat line all day with falls in materials and the four big banks. There were mixed results from the sectors with health care posting the highest gains. The Australian dollar was down against most major currencies.
The All Ordinaries fell 35.70 points (-0.62%) to 5,709.70 while the S&P/ASX 200 fell 37.40 points (-0.66%) to 5,654.80.
AGL Energy Limited AGL
AGL Energy announced that it has finalised a new four-year agreement to supply electricity to the Portland Smelter JV Participants (Alcoa) aluminium smelter in Portland, Vic. The agreement takes effect from August 2017 when the existing supply contract ends. The agreement represents a mutually beneficial outcome on commercial terms and is the result of over five months' negotiation. The contract is for a volume of 510MW, which is the equivalent of 10% of Vic's total electricity load. The contract will provide it with additional flexibility including rights in relation to the curtailment of the smelter at times of high electricity spot price. It also obtains the certainty of Alcoa's commitment to the four-year contract. AGL added 22 cents (0.98%) to $22.77.
iSentia Group Limited ISD
Isentia Group announced that it has named former Bauer Media boss, Matthew Stanton, as global CEO of premier content marketing agency King Content. Commencing in February 2017, Stanton will be responsible for driving King Content's growth across Asia-Pacific, North America and Europe, working with its wider leadership to bolster the agency's content solutions. As part of the Company executive team, Stanton will also work to further integrate King Content with its media intelligence offering, including monitoring, analysis, strategy, execution, amplification and measurement, creating better utility for communications professionals. ISD remained unchanged at $2.71.
The NZX 50 lost 13.89 points (-0.20%) to 7,048.47 while the Nikkei rose 65.66 (0.34%) points at the time of writing, to be last quoted at 19,137.91.
The Australian dollar was last quoted at 75.65 US cents.
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