Australian Share market Update, June 17th 2010
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A fairly uninspiring day with little overseas lead saw the All Ordinaries Index end the day 0.5% lower to close at 4547.
UGL Limited (UGL) ended the day unchanged at $13.85 after announcing it has secured more than $280m in new works and project extensions with a range of blue chip customers in the resources sector. UGL also reaffirmed its previous profit guidance.
Leighton Holdings Limited (LEI) gained 2.2% to close at $33.01 after securing a $1.1bn, 6-year contract extension for the expansion of the mining services at the MSJ coal mine in Indonesia.
Major stock rises:
- Asciano Group (AIO) $1.66 +2.46%
- Leighton Holdings Limited (LEI) $33.01 +2.17%
- Nufarm Limited (NUF) $6.00 +1.69%
- Newcrest Mining Limited (NCM) $34.64 +1.41%
- Lihir Gold Limited (LGL) $4.26 +1.19%
Major stock falls:
- AWE Limited (AWE) $2.07 -2.82%
- Aristocrat Leisure Limited (ALL) $3.97 -2.70%
- WorleyParsons Limited (WOR) $23.11 -2.49%
- Billabong International Limited (BBG) $9.45 -2.48%
- Lend Lease Group (LLC) $7.67 -2.42%
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Please Note:
This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.
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