2007-8-16 15:15
kroc
Market continues to fall
今天澳洲股市继续狂跌, S & P/ASX200 index 继续下跌,今日已经下跌了300点了。。。 庆幸最近没有hold股票。。:o
[table=410][tr][td][b]Source:[/b][/td][td]AAP[/td][/tr][tr][td][b]Date:[/b][/td][td]2007-Aug-16 12:53 PM[/td][/tr][/table]The Australian stock market has fallen further after opening sharply lower and feeling the impact of steep falls on Wall St overnight.
At 1200 AEST, the benchmark S & PASX200 index was down 180.6 points to 5607.4. The All Ordinaries dropped 191.5 points to 5610.
On the Sydney Futures Exchange, the September share price index contract had lost 195 points to 5586 on a volume of 26,800 contracts.
Private client adviser, Bill Bishop, from ABN Amro Morgans, said a "nervous" Australian market was taking its lead from a damaged Wall Street.
"The market is going down because we have taken our lead from the uncertainty surrounding the US sub-prime credit crunch," he said.
"We were overdue for a correction but this is taking our breaths away. It's like you've jumped off a waterfall and you don't know when you're going to land and break your neck."
Mr Bishop said a jittery market was making punters nervous.
"There are enormous amounts of cash out there and people are willing to buy but they haven't started yet because the market is jittery and keeps falling.
"When people are confident again, they will start to buy," he said.
US stocks fell overnight, wiping out the year's gains for the benchmark S & P 500, after Countrywide Financial shares plunged on a brokerage downgrade and rumours that it was having trouble raising money.
The Dow Jones industrial average lost 167.45 points, or 1.29 per cent, to end at 12,861.47 -- or 8.4 per cent below its record close. It was the Dow's first close below 13,000 since April 24.
The Standard & Poor's 500 Index fell 19.84 points, or 1.39 per cent, to finish at 1,406.70. The S & P is now 9.43 per cent below its record high close and down 0.82 per cent for the year.
The Nasdaq Composite Index dropped 40.29 points, or 1.61 per cent, to close at 2,458.83.
At noon, the big miners were down, BHP losing $1.21 to $31.99, and rival Rio Tinto falling $1.80, or 2.17 per cent, to $81.20.
At 1230 AEST, all the major banks were down with National Australia Bank dropping 79 cents, or 2.06 per cent, to $37.57, Commonwealth Bank down $1.90, or 3.58 per cent, to $51.10, ANZ 70 cents lower at $26.90 and Westpac down 77 cents, or 3.06 per cent, to $24.37.
Local energy stocks all were down, too, with Woodside Petroleum losing $1.28 to $38.86, Santos falling 38 cents to $11.00 and Oil Search down eight cents to $3.17.
In media, stocks were mixed with Publishing and Broadcasting Ltd down 56 cents, or 3.22 per cent, at $16.84 and Fairfax up four cents, or 0.89 per cent, to $4.52.
News Corporation rose 36 cents to $25.76 while its non-voting scrip was up by 10 cents to $23.95.
At 1245 AEST, the spot price of gold was $US666.60, up $US0.10 on the closing price in Sydney on Wednesday.
Newcrest Mining lost 82 cents, or 3.26 per cent, to $24.30, Newmont dropped two cents to $4.81 and Lihir shed 17 cents to $2.87.
Stocks in Singapore Telecommunications were down four cents, or 1.49 per cent, to $2.65, while Telstra fell eight cents to $4.27.
In aviation, Qantas was down 23 cents, or 4.36 per cent, to $5.05, after the airline reported a 50 per cent lift in annual earnings, forecast another strong result this year, and said it would return cash to shareholders through an on-market share buy-back of about 10 per cent of its issued capital.
Virgin Blue fell 24 cents, or 11.32 per cent, to $1.88.
The retailers were down in the morning with Coles Group falling 14 cents to $13.63 and Coles's suitor, Wesfarmers, down $1.38 cents at $38.12.
Woolworths was down 38 cents to $26.42 and David Jones was down 23 cents to $4.52.
The most traded stock was Empire Oil and Gas, with 226.1 million shares in the company traded at a value of $6.0 million. Its shares were down one cent, or 30.3 per cent, to 2.3 cents.
Total market turnover was 2.107 billion shares, worth $6.06 billion, with 99 stocks up, 1,383 down and 173 unchanged.