Overseas Market Report – U.S. Markets Closed for Thanksgiving
U.S. markets were closed on Thursday in commemoration of Thanksgiving.
Elsewhere, talk of further stimulus from the European Central Bank caused a rally in European stocks ahead of next Tuesday's meeting. The stimulus would serve as a measure to assist with inflation and growth.
European markets finished higher. The FTSE 100 was up 0.9%, the French CAC 40 gained 1.1% and Germany's DAX rose 1.4%.
Asian shares were mixed. The Shanghai Composite fell 0.3%, the Nikkei 225 gained 0.5% and the Hang Seng was flat. India's Sensex rose 0.7%.
Australian Market Report – Local Market Expected To Open Higher
Ahead of the local open, SPI futures were 21 points higher at 5,247.
Thursday 26 November – close. The Australian market enjoyed a relief rally this morning, with the big four banks and index heavyweight CSL leading the way. Local stocks pared some of their early gains in late trade as miners weighed heavily on the market, but still finished modestly above the flat-line. There were mixed results from the sectors; health care gained most significantly, while materials lagged behind the rest. The Australian dollar depreciated against most major currencies.
The All Ordinaries added 14.50 points to 5,259.70 while the S&P/ASX 200 gained 17.00 points to 5,210.70.
In This Issue
Caltex Australia (CTX)
Caltex Australia announced its realised lagged Caltex Refiner Margin (CRM), in respect of CRM sales from production for the month of October 2015. The October 2015 unlagged CRM was US$16.23/bbl. This is below of September 2015: US$18.05/bbl and 2014 equivalent (US$16.48/bbl). Regionally, the unlagged Caltex Singapore Weighted Average Margin was US$13.46bbl, below of September 2015: US$14.48/bbl and September 2014: US$13.89/bbl. The higher A$/US$ exchange rate and higher petrol and diesel refiner margins in the week starting 26 October 2015 drove an unfavourable (US$ 0.57)/bbl pricing lag. The October 2015 realised CRM was US$15.66/bbl, below the September 2015 CRM of US$17.28/bbl and October 2014: US$20.65/bbl. CTX lifted 78 cents to $33.78.
Monash IVF Group (MVF)
Monash IVF Group provided market update at the Company's AGM. The Company reported a 9.6% lift in Group revenues to $125m and normalised NPAT of $23.3m for the year ended 30 June 2015. The Company reported that total Assisted Reproductive Services (ARS) market share has increased to 24.0% from 21.9% in pcp. The BUMP IVF clinic in Sydney continues to build strong momentum. KL Fertility in Malaysia is delivered growth whilst building clinic capacity to accommodate further organic growth. In the first quarter of FY16 the Company expects a strong rebound in long-term ARS market growth rates and corresponding uplift in the Group's revenues and total patient treatments for the quarter. The Company anticipates NPAT for H1FY2016 will be 25% up on the previous corresponding period. MVF soared 26 cents to $1.68.
Recent Contacts & Presentations
Independence Group (IGO), MZI Resources (MZI), Paringa Resources (PNL), Orbital (OBS), Peet (PPC), Pacific Energy (PEA), Ausdrill (ASL)