AGL 38.10 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 136.75 Increased By ▲ 2.56 (1.91%)
BOP 9.22 Increased By ▲ 0.37 (4.18%)
CNERGY 4.75 Increased By ▲ 0.06 (1.28%)
DCL 8.83 Increased By ▲ 0.16 (1.85%)
DFML 38.44 Decreased By ▼ -1.34 (-3.37%)
DGKC 85.40 Increased By ▲ 0.25 (0.29%)
FCCL 35.35 Increased By ▲ 0.45 (1.29%)
FFBL 76.99 Increased By ▲ 1.39 (1.84%)
FFL 12.70 Decreased By ▼ -0.04 (-0.31%)
HUBC 108.79 Decreased By ▼ -0.66 (-0.6%)
HUMNL 14.74 Increased By ▲ 0.64 (4.54%)
KEL 5.55 Increased By ▲ 0.15 (2.78%)
KOSM 8.05 Increased By ▲ 0.30 (3.87%)
MLCF 40.70 Decreased By ▼ -0.67 (-1.62%)
NBP 71.40 Increased By ▲ 1.70 (2.44%)
OGDC 194.75 Increased By ▲ 1.13 (0.58%)
PAEL 27.00 Increased By ▲ 0.79 (3.01%)
PIBTL 7.48 Increased By ▲ 0.06 (0.81%)
PPL 167.95 Increased By ▲ 4.10 (2.5%)
PRL 26.25 Decreased By ▼ -0.11 (-0.42%)
PTC 20.40 Increased By ▲ 0.93 (4.78%)
SEARL 92.84 Increased By ▲ 8.44 (10%)
TELE 7.89 Decreased By ▼ -0.10 (-1.25%)
TOMCL 35.32 Increased By ▲ 1.27 (3.73%)
TPLP 8.98 Increased By ▲ 0.26 (2.98%)
TREET 17.34 Increased By ▲ 0.16 (0.93%)
TRG 59.50 Decreased By ▼ -1.50 (-2.46%)
UNITY 31.00 Increased By ▲ 2.04 (7.04%)
WTL 1.39 Increased By ▲ 0.02 (1.46%)
BR100 10,895 Increased By 118.9 (1.1%)
BR30 32,660 Increased By 426.2 (1.32%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

Australian shares ended flat on Thursday as losses in financial stocks effectively cancelled out the gains made by materials stocks on higher iron ore prices. The S&P/ASX200 index fell 0.213 points to 5,986.20. The 'Big Four' banks were in the red, shedding between 0.2 percent to 0.7 percent. "Index-selling seems to be driving the index lower. The concern is that the market is rejecting the 6,000 level as a whole and so we're seeing some protection strategies being put in place," said Michael McCarthy, chief market strategist at CMC Markets.
"Financials make up half of the index, so it is index selling that's hurting them and driving them lower." The Australian financial index was down 0.4 percent tracking falls in Wall Street's S&P 500 financial index. Consumer stocks added to the falls with A2 Milk Company Ltd reversing early gains from a record high to close 4.2 percent lower.
Beverage maker Coca-Cola Amatil Ltd shed 4.9 percent after Managing Director Alison Watkins said on Wednesday that an A$40 million ($30.48 million) investment to accelerate growth in Australian beverage sales would take a toll on 2018 earnings. Materials stocks offered some respite, though, with mining heavyweights BHP Billiton and South32 Ltd accounting for most of the gains on the benchmark.
South32 gained 2.1 percent, while BHP extended gains to a third session and rose 1.3 percent and rival Rio Tinto added 0.4 percent. Rebar on the Shanghai Futures Exchange rose 0.8 percent to 3,824 yuan a tonne on Thursday. The most-traded iron ore for January delivery contract on the Dalian Commodity Exchange was up 4.1 percent.
New Zealand's S&P/NZX 50 index fell 0.04 percent or 3.04 points to 8,101.95. Official data on Thursday showed that quarterly sales volumes rose a seasonally adjusted 0.2 percent, well below the 1.8 percent jump seen in the previous quarter.
Consumer staples were the biggest drag on the index, with A2 Milk Company Ltd reversing from a record high to close down 3 percent while dairy giant Fonterra shed 0.2 percent.

Comments

Comments are closed.