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Australian share Market update

  • TODAYS UPDATE ON AUSTRALIAN STOCKS

  • Bendigo & Adelaide Bank (BEN) has paid $5m for 50% of the Tasmanian Perpetual Trustee’s share in Tasmanian Banking Services.
  • Eircom Holdings (ERC) has reached a conditional agreement with its bondholders to restructure the of its Israeli
  • directories unit Golden Pages.
  • Envestra(ENV) has completed a 3 year $280m facility with a syndicate of five banks.
  • Leighton Holdings (LEI) has been awarded a AED 1.4bn project at the Khalifa Port and Industrial Zone by Abu Dhabi Ports.
  • National Australia Bank (NAB) has created a new role to manage the exit of discounted businesses within nabCapital.
  • Service Stream (SSM) has provided a market update and announces it CEO will step down.
  • Australian Worldwide Explorations (AWE) has been fined NZ$52,000 in relation to an oil discharge at Tui oil fields.
  • Lynas Corp(LYC) – the FIRB has asked China Nonferrous Metal Mining to resubmit its application for a majority stake in the company.
  • Western Areas(WSA) has stuck a deal to sell up to 25,000 metric tons of nickel to China’s Jinchuan Group over two years.
  • Macquarie Infrastructure Group (MIG) says it is reviewing options to enhance security holder value but hasn’t yet made any decision to those options.
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    List of Australian blue chip stocks

    Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price


    The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
    BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
    The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.