Newspaper article The Morning Bulletin (Rockhampton, Australia)

Greece Fails to Inflate Aussie Stockmarket

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Greece Fails to Inflate Aussie Stockmarket

Article excerpt

THE Australian share market tracked sideways despite a string of solid earnings results and a deal being struck on a second Greek bailout.

The benchmark S&P/ASX200 index was up 1.9 points, or 0.04%, at 4293.1 points, while the broader All Ordinaries index edged up 3.9 points, or 0.09%, to 4372.1 points.

On the ASX 24, the March share price index futures contract was steady at 4273 points.

IG Markets strategist Stan Shamu said earnings results had driven the key indices higher, towards a key resistance level of 4300 points. Mr Shamu said the energy sector led the gains after the oil price jumped and Woodside Petroleum delivered a solid result.

Woodside's full year profit fell by 4.3% due to the cost of delays to its Pluto liquefied natural gas project.

However, stripping out such non-recurring costs, the company's underlying profit was up 16. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.