Aust stocks open slightly higher

Reported by AAP
Monday, May 16, 2016
Topics in this article:
Australia And New Zealand Banking,Bhp Billiton,Rio Tinto,National Australia Bank,Commonwealth Bank Of Australia.,Macquarie,Wesfarmers,Csl
Sold for $1.3 million one day, no buyers for $440,000 the nextRundown home shows death of mining boom.

The Australian share market is slightly higher following a fall in commodity prices, disappointing data about China's economy and Wall Street closing in red territory.

The local market is also seeing some profit taking following "five straight weeks of improvements", equating to around eight per cent growth, CommSec market analyst Steven Daghlian said.

At 1026 AEST, the benchmark S&P/ASX200 index was up 4.8 points, or 0.09 per cent, at 5,333.8 as gains by biotech giant CSL and retail heavyweight Wesfarmers were broadly offset by financial stocks.

CSL was up $1.55 at $112.40, while Wesfarmers had gained 21 cents to $42.73.

Investment bank Macquarie Group was down 52 cents to $71.18 after trading ex-dividend.

The nation's four biggest banks were mixed, with the Commonwealth Bank down 29 cents $77.10, National Australia Bank slipping 16 cents to $28.78 and Westpac losing one cent to $29.78.

But, ANZ gained 5.5 cents to $24.16.

Mining giants BHP Billiton fell four cents $18.16 and Rio Tinto was steady at $44.65.

The Dow Jones closed 1.05 per cent lower on Friday and Nasdaq fell 0.41 per cent.

KEY FACTS:

* At 1026 AEST on Monday, the benchmark S&P/ASX200 index was up 4.8 points, or 0.09 per cent, at 5,333.8 points.

* The broader All Ordinaries index was up 4.3 points, or 0.08 per cent, at 5,400.6 points.

* The June share price index futures contract was up one point at 5,332 points, with 9,944 contracts traded.

* National turnover was 904.9 million securities traded, worth $516.7 million.

29/06/2016 04:37Sydney, Australia. 29 June,2016
advertisement
 
TEST