- Money Morning Australia

Daily Market Recap – 16 July 2008

Written on 16 July 2008 by MoneyMorning

Daily Market Recap – 16 July 2008


Name Previous Day’s Close % Change
All Ordinaries 4910.10 - 1.99
S&P/ASX 200 4815.70 - 2.19
Aus Dollar 0.9787 0.71

Overseas Markets

Name Yesterday’s Close % Change
DJIA 10962.54 - 0.85
FTSE 100 5171.90 - 2.48
Nikkei 225 12754.56 - 2.00
Shanghai 2779.45 - 3.55
CSI 300 2852.98 - 4.31
Gold 977.84 0.63
Crude Oil (BRENT FUTR) 139.35 - 4.43

Additional Indices

Previous Day’s Five Biggest Gainers %
(Prices in AUD)

Symbol Name Price %
IPL Incitec 179.78 1.78
WPL Woodside 61.43 0.73
SGX Sino Gold 5.65 0.62
FLX Felix resources 19.20 0.59
SGM Sims Group 36.49 0.39

Previous Day’s Five Biggest Losers %
(Prices in AUD)

Symbol Name Price %
MQG Macquarie Gr. 46.11 -3.69
LEI Leighton 43.40 -2.20
PPT Perpetual 37.55 -1.57
RIO Rio Tinto 122.00 -1.54
CBA Commonwealth B. 38.75 -1.41


ASX 52-Week Lows

Westpac WBC


This Week’s Important
Market Releases

Date Release
No new data until next week

Director’s Dealings

Date Company Director Amount Action
20/6/08 Blue Energy (ASX:BUL) Nicholas Stretch $49,869 Bought
20/6/08 Macquarie Group (ASX:MQG) Kevin Mcann $46,380 Bought
12/6/08 Transfield Services (ASX:TSE) Guillo Belgiorno-Nettis $380,760 Bought
11/6/08 Just Group (ASX: JST) Bronwyn Constance $24,220 Bought

Already a subscriber to Money Morning... or simply, just like what you're reading? Then show your support and spread the word...
Share this post on...

At Money Morning our aim is simple: to give you intelligent and enjoyable commentary on the most important stock market news and financial information of the day - and tell you how to profit from it. We know the best investments are often the hardest to find. So that's why we sift through mountains of reporting, research and data on your behalf, to present you with only the worthwhile opportunities to invest in. Become a more informed, enlightened and profitable investor today - by taking out your free subscription to Money Morning now.

Leave a Comment

Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.

If you would prefer to email the editor, you can do so by sending an email to moneymorning@moneymorning.com.au

Comments are closed.

How Money Morning Can Help You Can Become a Smarter, Better, Investor

Privacy Statement
We will collect and handle your personal information in accordance with our Privacy Policy.
You can cancel your subscription at any time

Openx pos2

  • ^NDX4073.177+1.507 - +0.04%
  • ^FTSE6830.66+7.90 - +0.12%
  • ^AORD5648.900+14.400 - +0.26%
  • ^AXJO5651.200+13.600 - +0.24%
  • AUDUSD=X0.9337
  • USDJPY=X103.8945

Openx pos3

Diggers and Drillers

After three years in the doldrums…

Aussie resource stocks
are now a raging BUY
The last time resource stocks traded this low we saw a two and a half year rally that saw them gain 124%...
Now they’re getting ready to do it again. Read on to discover why…and three tiny Aussie miners that could explode up many times higher than that in 2014…click here.

Openx pos4

Openx pos5

Openx pos6

Openx pos7

Openx pos8

More Recommended Reading Below...

The Pursuit of Happiness & The Daily Reckoning

  • The Pursuit of Happiness
  • The Daily Reckoning Australia

This morning the Australian dollar trading for 93 US cents. It hasn’t managed to regain parity since [Read More...]

The government plans to force internet and telco providers to keep your digital information (metadat [Read More...]

So much money is fleeing China…that it is distorting the global economy, particularly in the art mar [Read More...]

The police don’t serve to protect the public…they serve to protect the State from the public. That’s [Read More...]

Are baby boomers getting younger? If so, maybe investing in the medical marijuana business is a good [Read More...]

The government in China can do a lot of things, but it can’t bring animal spirits back. This has gra [Read More...]

Some small-cap investors punt away aimlessly for years and end up without much to show for their eff [Read More...]

Central banks see deflation (and recession) as enemy number one. Since 1980, they’ve used up all the [Read More...]

Civilisation (including the rules we associate with modern democratic governments) makes possible tr [Read More...]

This is ‘controlled monetary chaos’. Central banks are playing a massive confidence game with the ma [Read More...]


"I think you're fantastic! I love to read what you write...you're so interesting and amusing and I've learned so much" -
Money Morning reader, Chris Gadd

"You guys are brilliant. I feel more relaxed about the future than ever simply because I know what is going on rather than floundering around with smoke screens and mirrors from the government and mainstream" -
Money Morning reader, Helen Carter

"Wow what can I say? I was an economically confused moron until I read your newsletter and even though I've been a subscriber for a short period I can now see how easy it is to understand, if you use common sense and can have the spin translated into everyday language. Thanks for an entertaining read." -
Money Morning reader, John

"Keep up the good independent and well thought out articles offering a view that often debunks mainstream myths." -
Money Morning reader, Craig

"I do admire your straight talking and simple analysis of the situation, I think of you as the Jeremy Clarkson of finance." -
Money Morning reader, Jeffery