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Looking good again.

Discussion in 'Shares' started by Simon, 1st Nov, 2005.

  1. Simon

    Simon Well-Known Member

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    In SYDNEY, the Australian share market is expected to open firmer, continuing the strong form of yesterday, although it is expected to be capped by thin trading due to a public holiday in Melbourne.
    On the Sydney Futures Exchange, the December share price index contract was 27 points firmer at 4485.
    On the day the market is expected to experience thin trading, with Melbourne-based investors out today for the Melbourne Cup horse race.
    There is also little news expected in the local equities market, with KPMG to release a survey on building societies and credit unions.
    On the economics front the Reserve Bank of Australia meets, although economists expect interest rates to remain on hold at 5.50 per cent when it makes the announcement to the market at 0930 AEDT tomorrow.
     
  2. Glebe

    Glebe Well-Known Member

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    up 8.7 points...
     
  3. MichaelWhyte

    MichaelWhyte Well-Known Member

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    ...which is nothing really. A quarter of a percent, but at least its not giving away yesterday's gains as its done previously this month.

    Lets hope she's found the bottom and is back on a positive trend.

    Cheers,
    Michael.
     
  4. Tropo

    Tropo Well-Known Member

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    " Men in Black " heavily sold Aussie dollar.
    This might affect our market.
    :cool:
     
    Last edited by a moderator: 2nd Nov, 2005
  5. Simon

    Simon Well-Known Member

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    In SYDNEY, the Australian share market is expected to continue its recent positive momentum, extending further gains, particularly in the energy sector.
    With the local market having a strong session yesterday, oil prices rose sharply overnight, suggesting further gains for energy stocks.
    On the Sydney Futures Exchange, the December share price index contract was four points firmer at 4525.
     
  6. Glebe

    Glebe Well-Known Member

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    Geez it's been a good week for the ASX200. Up 0.6% for the day. She's gonna crack 4600 soon enough.
     
  7. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Yep, another day like today and it will be back above 4600. The trick will be cracking 4700 which is uncharted territory but I feel a bull coming on...
     
  8. Tropo

    Tropo Well-Known Member

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    We might be on the " bumpy " road between 4642 and 4680 ( approx.).
    :cool:
     
  9. MichaelWhyte

    MichaelWhyte Well-Known Member

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    I love being right! :D

    Opened strongly this morning, and intra-day trading just saw the ASX200 break through the 4600 mark. If it can hold on to some of those gains and close in the green, then we're looking pretty.

    Bring on 4700!! And 5000 would be a nice Christmas present. ;) :p

    Cheers,
    Michael.