A Reliance Capital Company
Company Search 45
Saturday, November 24, 2007
Real news in Real Time! National and international updates on all products by leading agencies such as Dow Jones, Capital Markets, Commodities Control and more.


Equity News
Nov 23 2007 6:12AM
Aussie stocks flat; Resource Base falls on debut
 (Adds Resource Base, comments) 
    SYDNEY, Nov 23 (Reuters) - Australian shares were little 
changed on Friday, though persistent credit worries saw major 
banks decline for a fourth straight session, while blood 
products group CSL Ltd <CSL.AX> extended gains on a broker 
upgrade. 
    The benchmark S&P/ASX 200 index <.AXJO> edged down 3.5 
points to 6,330.8 by 0036 GMT, after dropping a total of 3.1 
percent in the previous three sessions. The index is on track is 
post its sixth straight weekly loss. 
    New Zealand's benchmark NZX-50 index <.NZ50> nudged down 0.1 
percent, or 2.95 points, to 4,051.27. The top stock, Telecom 
Corp of New Zealand Ltd <TEL.NZ>, was up 1.2 percent at NZ$4.25. 
    STOCKS ON THE MOVE 
    * Resource Base Ltd <RBX.AX> fell on its trading debut, 
declining as much as 15 percent below its issue price of A$0.20. 
    Shares in the gold exploration and production company opened 
at A$0.195 before drifting lower to trade at A$0.17 by 0035 GMT. 
    * Worries about further fallout from the U.S. subprime 
crisis pushed banking stocks lower for the fourth consecutive 
session. 
    National Australia Bank Ltd <NAB.AX> fell 0.6 percent to 
A$40.25 and Commonwealth Bank of Australia Ltd <CBA.AX> lost 0.5 
percent to A$57.60. 
    Australia and New Zealand Banking Group Ltd <ANZ.AX> eased 
0.1 percent to A$27.53 while Westpac Banking Corp <WBC.AX> fell 
1.5 percent to A$26.85. 
    St George Bank <SGB.AX>, which traded ex-dividend on Friday, 
fell 3.1 percent to A$34.29. 
    2354 GMT 
    * Major mining firms fell following a mixed performance in 
base metals prices in London, with nickel and lead prices 
slipping while copper bounced off an eight-month low 
[ID:nL22434274]. 
    BHP Billiton Ltd <BHP.AX>, the world's top miner and 
Australia's top oil and gas producer, fell 0.6 percent to 
A$40.20, while its main rival, Rio Tinto Ltd <RIO.AX>, slipped 
0.2 percent to A$128.50. 
    2351 GMT 
    * CSL, the world's top maker of plasma products, rose 2.8 
percent to A$33.15, adding to a 3.2 percent gain in the previous 
session. 
    ABN AMRO on Thursday raised its rating on CSL to buy from 
hold with a price target of A$34.50, citing recent weakness in 
its share price. 
    2350 GMT 
    * Riversdale Mining Ltd <RIV.AX> dropped as much as 8 
percent to A$9.40 after it announced a share placement of 25.3 
million shares at a discounted A$9.30 each. It last traded down 
4.9 percent at A$9.70. 
    2343 GMT 
 ($1=A$1.15) 
 ($1=NZ$1.33) 
 (Reporting by Geraldine Chua) 
 (([email protected]; +612 9373 1818; Reuters 
Messaging:[email protected])) 
 ((Multimedia versions of Reuters Top News are now available for: 
 * 3000 Xtra    : visit http://topnews.session.rservices.com 
 * BridgeStation: view story .134 
For more information on Top News, please visit 
http://topnews.reuters.com)) 
    DIARIES & DATA: 
 IPO diary & data  <AU/IPOMENU>  Asia earnings diary [ASIA/EQTY] 
 U.S. earnings diary  [RESF/US]  European diary       [WEU/EQTY] 
 Australia diary      [AU/DIARY] Wall Street Week Ahead   [.N/O] 
 Eurostocks Week Ahead  [.EU/O] 
................................................................ 
For latest top breaking news across all markets          [NEWS] 
................................................................ 
TOP NEWS SUMMARIES ON OTHER SUBJECTS 
| U.S. Companies     [TOP/EQU] | European Companies  [TOP/EQE] | 
| Forex              [TOP/FRX] | Global Economy    [TOP/MACRO] | 
| Tech.Media,Telecoms[TOP/TMT] | Banking, Financials [TOP/FIN] | 
| Politics & General   [TOP/G] | Sports              [TOP/SPO] | 
................................................................ 
MAJOR STOCK MARKET REPORTS 
New York           [.N]          Weekly outlook New York [.N/O] 
Pan-Europe        [.EU]          Weekly outlook Europe  [.EU/O] 
London             [.L]          Weekly outlook London   [.L/O] 
Tokyo              [.T] 
................................................................ 
ASIA STOCK MARKETS 
Pan-Asia......................[STXNEWS/AS] 
Bangkok......[.BK]    Karachi........[.KA]    S/east Asia.[.SO] 
Bombay.......[.BO]    Kuala Lumpur...[.KL]    Sydney/NZ...[.AX] 
China........[.SS]    Seoul..........[.KS]    Taipei......[.TW] 
Hong Kong....[.HK]    Singapore......[.SI]    Tokyo........[.T] 
................................................................ 
Access to some items may depend on subscription level. 
................................................................ 
UP-TO-THE-MINUTE HEADLINES 
Company results             [RES]  Economic indicators     [ECI] 
Mergers & acquisitions      [MRG]  Interest rates          [INT] 
LIVE PRICES & DATA 
World Stocks           <0#.INDEX>  Currency rates   <EFX=><NFX=> 
Dow Jones/NASDAQ    <.DJI><.IXIC>  Nikkei                <.N225> 
FTSE 100                  <.FTSE>  Debt      <0#USBMK=><EURIBOR> 
HOW TO FIND INFORMATION YOU NEED 
|<REUTERS> | <NEWS> | <PHONE/HELP> | 
|<EQUITY>  | <BONDS>|   <MONEY>    |   <COMMODITY> |  <ENERGY> | 
    LIVE PRICES & DATA: World Stocks          <0#.INDEX> 
 Currency rates  <EFX=> <NFX=> 
 Dow Jones/NASDAQ  <.DJI> <.IXIC>  Nikkei                <.N225> 
 FTSE 100                 <.FTSE>  Debt     <0#USBMK=> <EURIBOR> 
 (Local currency)          <AUD=>  LME price overview    <RING=> 
Keywords: MARKETS AUSTRALIA STOCKS  
  Source:   

Back
 
 
News
 
Research
 
Markets
 
Knowledge Center
 
Charting
 
Customer Service
 
Contact Us
 
Site Map
 

SEBI | BSE | NSE
Terms & Conditions | Disclaimer | Online Privacy | Trouble Logging in
Copyright© 2007. All rights Reserved. Reliance Money Limited
Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
Registration Number Capital Market :- INB 011234839 | NSE SEBI Registration Number Derivatives :- INF 231234833 Commodities : Trading through Reliance Commodities Limited | MCX member code: 29030 | NCDEX member code: NCDEX-CO-05-00647|
NMCE member code: CL0120 Mutual Funds : Reliance Securities Limited | AMFI ARN No.29889
In case of any grievances please write to [email protected]
In case of any queries/ complaints with respect to stock broking transactions executed on this website or pertaining account opening, Pl.address your correspondence to Reliance Securities Limited.