Saturday, 30 July 2016 19:35

Australian stocks head north

On Friday, Australian stocks edged up after the close today, as revenues in gold, healthcare as well as consumer discretionary sectors brought stocks higher.   

At the close in Australia, the S&P/ASX 200 earned 0.07%, hitting a fresh 6-months peak.

The best performers of the trading session on the S&P/ASX 200 include Resmed Inc with its 7.55% rise, trading at 9.260. Meanwhile, Bega Cheese Ltd gained 6.90%, being worth 6.200, while Austal Ltd soared 5.94%, trading at 1.160.

As for the worst performers of the trading session, we should mention Beach Energy Ltd, that sank  5.13%, trading at 0.555, Aconex Ltd with its 4.94% dip, trading at 7.985 as well as Fortescue Metals Group Ltd, which sagged 4.11%, being worth 4.430.

Rising shares outnumbered decreasing ones on the Australia Stock Exchange by 586 to 501, while 315 ended intact.

Stocks in Resmed Inc edged up to 52-week peaks, soaring 7.55% at 9.260.

The S&P/ASX 200 VIX, gauging the implied volatility of S&P/ASX 200 options, slumped 0.39%, hitting 14.179 a fresh 3-months minimum. 

FTSE 100 slumps, but Barclays earns on Brexit reassurance

British shares flipped in and out of losses, with traders sifting through corporate earning posts as they obtained word of a tumble in British consumer confidence.  

The FTSE 100 earned 0.2%, being worth 6,733.16, thus setting the blue-chip index on track for a 3.5% monthly revenue, marking a second straight monthly soar.

For the week, the benchmark braced for a 0.1% soar, which would extend its weekly winning streak into a sixth week.

As for movers, stocks of Barclays PLC managed to top the FTSE 100 by soaring 4.2%. Meanwhile, the banking heavyweight reassured market participants regarding its course of business in the wake of Great Britain’s Brexit referendum, including an initiative to close non-core assets as soon as possible.

Financial analysts are assured that it’s the right plan for Barclays, and they don’t see any reasons to adjust this stuff in light of the vote by Great Britain the previous month to leave the EU.

Bazooka

Published in Stock Markets

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