Australian share market opens steady, slightly down
Source: Xinhua   2017-03-06 08:34:25

SYDNEY, March 6 (Xinhua) -- The Australian share market opened slightly down Monday, with great performances by the mining sector following the release of China's work report, offset by separate losses in the healthcare and consumer sectors.

At 1057 local time AEDT, the S&P/ASX200 index was down 5.9 points, or 0.1 percent, to 5723.7 points, while the broader scoped All Ordinaries was down 7.6 points, or 0.13 percent, to 5767.8 points.

Evan Lucas, market analyst at IG, told Xinhua the market is holding up quite well, with China's economic figures released boosting the mining sector.

"What is also quite impressive is if you have a look at the current top 10 best performers, it's things like Fortescue, Bluescope Steel, and Rio Tinto." Lucas said.

In the banking sector, the Commonwealth Bank of Australia was down 0.2 percent, the National Bank of Australia was also down 0.16 percent, ANZ struggled, down 0.39 percent, while Westpac bucked the trend and gained a solid 0.46 percent.

In the mining sector, a strong early performance saw BHP Billiton gain 1.03 percent, Rio Tinto were also solid, up 1.31 percent, Newcrest also did well, up 0.95 percent, while Fortescue surged ahead in trade, up 2.23 percent.

The oil and gas majors had a hard open, with Santos down 1.36 percent, Oil Search also fell, down 1.13 percent, while Woodside Petroleum were relatively flat, only down 0.03 percent in early trade.

Grocery giant Woolworths was up a minor 0.04 percent, while rival Wesfarmers had a hard morning down 0.79 percent.

Biotech firm CSL struggled, down 0.95 percent, airline Qantas had no gain, while telco giant Telstra had a morning boost, up 0.55 percent.

At 1121 local time AEDT, one Australian dollar buys 75.83 U.S. cents.

Editor: xuxin
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Australian share market opens steady, slightly down

Source: Xinhua 2017-03-06 08:34:25
[Editor: huaxia]

SYDNEY, March 6 (Xinhua) -- The Australian share market opened slightly down Monday, with great performances by the mining sector following the release of China's work report, offset by separate losses in the healthcare and consumer sectors.

At 1057 local time AEDT, the S&P/ASX200 index was down 5.9 points, or 0.1 percent, to 5723.7 points, while the broader scoped All Ordinaries was down 7.6 points, or 0.13 percent, to 5767.8 points.

Evan Lucas, market analyst at IG, told Xinhua the market is holding up quite well, with China's economic figures released boosting the mining sector.

"What is also quite impressive is if you have a look at the current top 10 best performers, it's things like Fortescue, Bluescope Steel, and Rio Tinto." Lucas said.

In the banking sector, the Commonwealth Bank of Australia was down 0.2 percent, the National Bank of Australia was also down 0.16 percent, ANZ struggled, down 0.39 percent, while Westpac bucked the trend and gained a solid 0.46 percent.

In the mining sector, a strong early performance saw BHP Billiton gain 1.03 percent, Rio Tinto were also solid, up 1.31 percent, Newcrest also did well, up 0.95 percent, while Fortescue surged ahead in trade, up 2.23 percent.

The oil and gas majors had a hard open, with Santos down 1.36 percent, Oil Search also fell, down 1.13 percent, while Woodside Petroleum were relatively flat, only down 0.03 percent in early trade.

Grocery giant Woolworths was up a minor 0.04 percent, while rival Wesfarmers had a hard morning down 0.79 percent.

Biotech firm CSL struggled, down 0.95 percent, airline Qantas had no gain, while telco giant Telstra had a morning boost, up 0.55 percent.

At 1121 local time AEDT, one Australian dollar buys 75.83 U.S. cents.

[Editor: huaxia]
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