Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Australia All Ords zooms past 5100 points  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 19/02/2013

No. of Ratings : 0
Add to Mixx!


(MENAFN - ProactiveInvestors - Australia) Australian shares continued to rally today on the back of higher iron ore prices, with little leads to follow from the mixed overnight equity markets in Europe. There was no trade in the U.S. due to the President's Day public holiday.

The All Ords was up 18.1 points, or 0.4%, to 5,101 while the benchmark S&P ASX200 gained 18.5 points, or 0.4%, to 5,081.9.

Energy was one of the biggest gainers, putting on 140.7 points, or 1.1%, to 13,455.30.

Woodside Petroleum (ASX: WPL) stormed up 0.63, or 1.69%, to 37.91 while Santos (ASX: STO) was up 0.19, or 1.53%, to 12.61.

Miners were mixed with BHP Billiton (ASX: BHP) up 0.33, or 0.85%, to 39 on optimism about its interim results and Fortescue Metals Group (ASX: FMG) up 0.05, or 0.98%, to 5.18 while Rio Tinto (ASX: RIO) and Newcrest Mining (ASX: NCM) were down 0.38, or 0.54%, to 70.51 and 0.04, or 0.18%, to 21.81 respectively.

Monadelphous (ASX: MND) fell 1.68, or 6.03%, to 26.17 despite a record half year result of 79.1 million while Transfield Services (ASX: TSE) lost 0.10, or 4.76%, to 2.00 after it warned it would have to make up to 285 million in asset writedowns.

The big four banks were all up marginally with Commonwealth Bank (ASX: CBA) up 0.27, or 0.41%, to 66.05, Westpac Bank (ASX: WBC) up 0.10, or 0.33%, to 30.30, ANZ Bank (ASX: ANZ) up 0.03, or 0.11%, to 28.53 and National Australia Bank (ASX: NAB) up 0.02, or 0.07%, to 30.17.

On the smaller end of town, Stellar Resources (ASX: SRZ) put on 5.17% to 0.061 after reporting a 49% increase in contained tin to 71,500 tonnes at its Heemskirk Tin project that was accompanied by an increase in the average grade to 3% from 1.14% tin.

JORC Indicated and Inferred resource has also increased to 6.28 million tonnes at 1.14% tin from 4.36 million tonnes at 1.10%.

The project remains the highest grade undeveloped tin resource of ASX listed tin explorers and developers, and one of the highest grade undeveloped tin resources in the world.

Azure Minerals (ASX:AZS) gained 10.29% to 0.075 after recording a 70.0 metre at 2.7% copper equivalent drill intercept at its Promontorio deposit, located in the Mexican state of Chihuahua.

It also included 35.9 metres at 4.8% CuEq, including 11.25 metres at 10.5% CuEq.

There were also additional good copper intersections at a newly identified prospect Risco Dorado, 600 metres northwest of Promontorio.

Elk Petroleum (ASX: ELK) was up 3.57% to 0.29 as investors looked forward to the start of carbon dioxide injection at its Grieve Enhanced Oil Recovery Project in Wyoming this week.

Operator Denbury Resources will inject about 40 million cubic feet per day (MMcfd) of CO2 to re-pressure the reservoir to a level above the minimum miscible pressure (MMP), at which point the CO2 interacts with and mobilises the oil remaining in the reservoir.


  MENA News Headlines
Apr 23 2014Omantel launches service package for youth ,MENAFN
(MENAFN) Omantel announced launching 'Ozone' plan, a new package designed especially for the youth. This comes with the company"s constant efforts to enhance the communication needs of its customers, ...

Apr 23 2014Dh154 billion for Arabtec projects ,Khaleej Times
(MENAFN - Khaleej Times) Arabtec will spend dh140 billion on building one million low-cost houses in egypt and dh14 billion on five mixed-use residential projects in abu dhabi and dubai its chief ...

Apr 23 2014?Titli? makers excited about Cannes selection ,Khaleej Times
(MENAFN - Khaleej Times) The movie about the badlands of delhi?s dystopic underbelly will be in competition as part of the un certain regard section of the 67th cannes film gala to be held may ...

Apr 23 2014Saudi- Yaroub Bashraheel: In search of peace ... underwater ,Arab News
(MENAFN - Arab News) You've heard of diving snorkeling and other water activities but rarely has anyone heard of free-diving. it's a form of diving underwater without the aid of any breathing ...

Apr 23 2014Saudi- Schneider highlights intelligent health care solutions at forum ,Arab News
(MENAFN - Arab News) Schneider electric a global specialist in energy management is set to showcase its leadership in intelligent health care solutions at the second saudi forum for planning and ...

Apr 23 2014Saudi- Divorcees can seek housing ,Arab News
(MENAFN - Arab News) The kingdom will accept applications from saudi divorced women and widows for financial and housing support said justice minister muhammad al-issa.al-issa called on applicants ...

Apr 23 2014Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014ADCB profit grows 26% in first quarter ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank?s profit grew 26 per cent in the first quarter of the year to dh1. however net profit rose 22 per cent year-on-year. non-interest income was 24 ...

Apr 23 2014'Piles and piles' of bodies in S. Sudan ,Arab News
(MENAFN - Arab News) Nairobi: gunmen who targeted both children and the elderly left 'piles and piles" of bodies — many of those in a mosque — in a provincial capital in south sudan the un's top ...

Apr 23 2014Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014Saudi Savola Group revenue up 43 pct in Q1 ,MENAFN
(MENAFN) Saudi Arabia's Savola Group registered a 43 percent increase in profits in the first quarter, well over expectations of analysts, Arabian Business reported. According to a statement to ...

Apr 23 2014Saudi- New passport office opens at Red Sea Mall ,Arab News
(MENAFN - Arab News) The passport department has opened a new office for citizens and residents at the red sea mall.gen. abdul rahman bin abdullah al-tuwairki deputy director general of the ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014UAE- Billion-dollar realty projects on show ,Arab News
(MENAFN - Arab News) Cityscape abu dhabi a three-day realty event that began with 120 regional and international exhibitors witnessed major announcements on tuesday.salama bint hamdan al-nahyan ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Seven tied for the lead in chess championships ,Khaleej Times
(MENAFN - Khaleej Times) Former champion sukandar grabs lead of asian continental women?s chess. former asian women’s champion wgm irene sukandar of indonesia (left) beat wim ni shiqun ...

Apr 23 2014Tamouh steps up activity on projects ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi-based real-estate developer tamouh has scaled up construction activity on all of its announced reem island projects to meet the rising demand for prime spaces in ...

Apr 23 2014Two suspects held for robbing pedestrians in Sharjah ,Khaleej Times
(MENAFN - Khaleej Times) The sharjah police on tuesday arrested two stateless citizens for allegedly robbing many persons posing as criminal investigation department (cid) officers. the suspects ...


Click to Apply



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help