Money S&P/ASX200 dips below 6,000 points

08:56  14 november  2017
08:56  14 november  2017 Source:   msn.com

Shaun Johnson's record breaking day

  Shaun Johnson's record breaking day Impressive stuff.

The Australian share market falls back below 6 , 000 points just a week after reaching the milestone for the first time in a decade.

Consequently, the S & P / ASX 200 holds an all-time low of 1,358.50 points , which The S & P / ASX 200 first touched the 6 , 000 mark in February 2007 as investors began resorting to safe-haven Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of

Pedestrians reflected in a window at the Australian Stock Exchange in Sydney.© AAP Image/Joel Carrett Pedestrians reflected in a window at the Australian Stock Exchange in Sydney. A weak start to trading has sent the share market's leading index back below the 6,000-point level it broke last week.

Despite a positive lead from Wall Street, the benchmark S&P/ASX200 index was down 0.7 per cent at 5,979.1 points at 1030 AEDT, as mining and energy stocks lost ground.

The S&P/ASX200 has been trading above 6,000 points since breaking through the barrier on November 7, the first time it had done so since 2008.

CMC Markets chief market analyst Ric Spooner said it was a real possibility the market could remain below 6,000 points for the remainder of the session.

Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does

  Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does The benchmark ASX2000 popped through 6000 points this morning. Then promptly fell again.Then promptly fell again.

The ASX 200 sharemarket index dived briefly below 5000 points on Thursday, while the Aussie dollar jumped, as traders marked down the odds of further interest rate cuts after another blockbuster jobs report.

S & p / asx 200 (^axjo). Add to watchlist. ASX - ASX Delayed price.

"As things currently stand I think that is on the cards," he said.

"Right now there is quite a significant downward momentum in the market."

Energy stocks were a key area of weakness, despite oil prices holding steady overnight.

Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does

  Maybe the ASX hitting 6000 shouldn't matter, but the market just showed that it does The benchmark ASX2000 popped through 6000 points this morning. Then promptly fell again.Then promptly fell again.

S & P ASX 200 is one of Australia’ s oldest and leading market index for stocks. The index highest point was recorded in November 2007, having climbed to highs of 6 , 000 , from 3,133.3 points at the time of inception in April 2000.

Point Value This page contains data on the S & P / ASX 200 Index Futures CFDs. The S & P / ASX 200 measures the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalization.

Woodside Petroleum was down three per cent at $31.28, Santos had retreated 2.2 per cent to $4.48 and Oil Search was 1.8 per cent weaker at $7.29

Miners were also lower, with BHP Billiton down 1.4 per cent at $27.88, Rio Tinto down 1.2 per cent at $72.84 and Fortescue Metals 1.9 per cent weaker at $4.76.

Another major stock, blood products and vaccines giant CSL, was down two per cent at $140.65, while smaller healthcare stocks were mixed.

The banking sector's falls were more modest, with ANZ the worst performer among the big four banks, down 0.8 per cent at $29.29.

Incitec Pivot was one of the best performers, up 5.9 per cent at $3.96, after the fertiliser and explosives maker more than doubed its annual profit.

Computershare was also stronger, up 3.5 per cent at $15.72 after upgrading its forecast for earnings per share in 2017/18.

The Australian dollar is weaker, trading at 76.17 US cents at 1030 AEDT, from 76.61 US cents on Monday.

ON THE ASX:

* The benchmark S&P/ASX200 index was down 42.7 points, or 0.71 per cent, at 5979.1 points at 1030 AEDT.

* The broader All Ordinaries index was down 39.8 points, or 0.65 per cent, at 6,057.4 points.

* The SPI200 futures contract was down 40 points, or 0.66 per cent, at 5,994 points.

* National turnover was 2.1 billion securities traded worth $4.6 billion.

AUSTRALIAN STOCKS LIFT: Here's what you need to know .
<p>Australian stocks closed higher.</p>Today’s scoreboard:

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