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Shocking Stock markets this friday

we had a shocking run this friday.. the stockmarket is bleeding  due to the diseased US markets …

In  australian Stock market  news today…

 

  • Harvey Norman (HVN) down 10c to 362c - 2Q sales increased 6.8% from a year ago. On a like-for-like basis Australian sales were up 6.5% for the quarter. They have reiterated guidance of a 40% increase in pre-tax profit for the half year. HVN reported total group sales growth of 4% for the half and 2.5% LFL
  • ResMed (RMD) doing well - up 6% to 635c - after reporting a better-than-expected 36% rise in 2Q net profit to $US45.9m. One broker predicted $US41.5m.
  • TABCORP Holdings (TAH) management says a demerger involving their gaming and casino businesses is not on the cards.  They announced a better than expected earnings result yesterday. TAH up 5c to 710c.
  • Street Talk says both Extract Resources (EXT) andCuDeco (CDU) are lining up for capital raisings to help them with project development. EXT down 3.7% to 728c and CDU down 8.9% to 356c.
  • AED Oil (AED) acquires stakes in two Indonesian oil and gas properties from Canadian company Nations Patroleum, paying $US1.5m and issuing 12m shares. AED down 5.8% to 56.5c.
  • Ramelius Resources (RMS) expects a net profit (before income tax) for the half to be approximately $15m compared to the $1.03m next loss at the same time last year. RMS down 0.5c to 55c.
  • Sonic Healthcare (SHL) acquires Medhold Group in Belgium. SHL up 15c to 1443c.
  • Virgin Blue (VBA) announced last night that it expects a pretax profit of $80m-$110m for the financial year. VBA down 1c to 54c.
  • EdenEnergy (EDE) up to 14c from 5.7c after signing terms sheet with Indian Oil Corp, India’s largest commercial enterprise.
  • The Australian performance of construction index hit its highest point in 2 years last month, up 8.4 points to 57.7.
  • Stocks hitting fresh yearly lows include: Dominion Mining (DOM), Elders (ELD) and Apex Minerals (AXM).

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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.