Local market lifts as banks surge

jialiren

Local market lifts as banks surge
-http://www.abc.net.au/news/stories/2008/07/24/2313700.htm
Posted 2 hours 32 minutes ago

The Australian share market has risen with the banking sector driving the gains

The All Ordinaries index gained 27 points to 5,188 and the ASX 200 added 0.8 of a per cent to 5,144.

The Commonwealth Bank gained 4 per cent to $46.39,

National Australia Bank was up $1.10, Westpac gained 80 cents and ANZ was higher by 55 cents.

But the miners have fallen on weaker oil prices.

Rio Tinto lost 4.1 per cent to $115.20 while BHP Billiton lost 2.9 per cent to $37.55.

Santos has announced second-quarter production is 11 per cent lower than the same period last year - partly because of the Western Australia gas plant explosion.

Santos shares lost 3.4 per cent to $16.98.

Australia's biggest stand alone gold miner Newcrest has failed to meet its production target at its main Telfer mine in WA - also because of the gas disruption.

Overall, fourth-quarter gold production was down 1 per cent from the previous quarter.

Newcrest shares closed 5.5 per cent lower at $29.40.

CommSec says the recent sharp declines in oil prices are seeping through to the bowser.

In Sydney, petrol has fallen by about seven cents a litre since peaking a fortnight ago at $1.73 a litre.

CommSec says that is illustrative of what is happening around the country.

And the pressure on oil prices continues to ease as US motorists and businesses cut back their gasoline use in the face of soaring prices.

Overnight West Texas crude fell by $4 and about 5:00pm AEST, Tapis crude had shed $US1.74 to $US134.41 a barrel - its lowest level in nearly seven weeks.

Spot gold was fetching $US924.45 an ounce.

About 5:30pm AEST the Australian dollar was buying 96.10 US cents, 48.03 UK pence, 103.23 Japanese Yen and 61.10 Euro cents.

jialiren

这几天做澳洲股票的应该开心了:)

jialiren

看来不能讲的，捧不起的，一捧就泄！澳洲啥时能摆脱老美的纠缠就好了！