AGL 38.20 Increased By ▲ 0.05 (0.13%)
AIRLINK 129.30 Increased By ▲ 4.23 (3.38%)
BOP 7.85 Increased By ▲ 1.00 (14.6%)
CNERGY 4.66 Increased By ▲ 0.21 (4.72%)
DCL 8.35 Increased By ▲ 0.44 (5.56%)
DFML 38.86 Increased By ▲ 1.52 (4.07%)
DGKC 82.20 Increased By ▲ 4.43 (5.7%)
FCCL 33.64 Increased By ▲ 3.06 (10.01%)
FFBL 75.75 Increased By ▲ 6.89 (10.01%)
FFL 12.83 Increased By ▲ 0.97 (8.18%)
HUBC 110.72 Increased By ▲ 6.22 (5.95%)
HUMNL 14.03 Increased By ▲ 0.54 (4%)
KEL 5.22 Increased By ▲ 0.57 (12.26%)
KOSM 7.69 Increased By ▲ 0.52 (7.25%)
MLCF 40.08 Increased By ▲ 3.64 (9.99%)
NBP 72.51 Increased By ▲ 6.59 (10%)
OGDC 189.18 Increased By ▲ 9.65 (5.38%)
PAEL 25.74 Increased By ▲ 1.31 (5.36%)
PIBTL 7.38 Increased By ▲ 0.23 (3.22%)
PPL 153.45 Increased By ▲ 9.75 (6.78%)
PRL 25.52 Increased By ▲ 1.20 (4.93%)
PTC 17.92 Increased By ▲ 1.52 (9.27%)
SEARL 82.50 Increased By ▲ 3.93 (5%)
TELE 7.63 Increased By ▲ 0.41 (5.68%)
TOMCL 32.50 Increased By ▲ 0.53 (1.66%)
TPLP 8.48 Increased By ▲ 0.35 (4.31%)
TREET 16.74 Increased By ▲ 0.61 (3.78%)
TRG 56.01 Increased By ▲ 1.35 (2.47%)
UNITY 28.85 Increased By ▲ 1.35 (4.91%)
WTL 1.34 Increased By ▲ 0.05 (3.88%)
BR100 10,684 Increased By 595 (5.9%)
BR30 31,445 Increased By 1935.9 (6.56%)
KSE100 99,269 Increased By 4695.1 (4.96%)
KSE30 31,032 Increased By 1587.6 (5.39%)

Australian shares fell on Tuesday as financials stocks weighed on the benchmark while material stocks slipped due to weak iron ore and coking coal prices. The S&P/ASX 200 index fell 0.5 percent, or 28.5 points to 6,048.6 at the close of trade. The benchmark rose marginally on Monday.
The country's financial index closed down 0.52 percent hitting more than a one-month low as Commonwealth Bank of Australia and Westpac Banking Corp fell 0.7 percent and 0.8 percent respectively. "The market is just on hold at the moment... we're getting really close to our profit reporting season, so I think a lot of investors are preferring to wait to see what happens then," said Ric Spooner, chief market strategist at CMC Markets.
Australia's mining index was down 0.5 percent, with mining giants BHP Billiton Ltd and Rio Tinto Ltd falling 0.8 percent and 0.7 percent respectively. Rio Tinto reported a 1 percent rise in iron ore shipments for 2017 to 330.1 trillion tonnes, in line with its guidance, but weak iron ore prices held down the stock.
New Zealand's benchmark S&P/NZX 50 index posted its best day in over five-weeks, adding 0.5 percent, or 39.17 points to finish the session at 8,250.54. Consumer staples and industrial stocks led the recovery on the benchmark after falling for previous four sessions.
a2 Milk Company was the the top gainer on the index, rising 3.8 percent while also posting its biggest intraday percentage gain in over three months. Chinese iron ore futures dropped 2 percent on Monday as stockpiles of the steelmaking commodity at China's ports surged to the highest since at least 2004.
"Maybe the market might need a little more than a solid report in line with guidance to maintain momentum," said Spooner. Meanwhile, Blackmores Ltd was the top gainer on the index rising 6.2 percent, its biggest intraday percentage gain in over two months.

Copyright Reuters, 2018

Comments

Comments are closed.