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23 November 2018 08:07 AM
Overseas Market ReportCurrent
PreviousChangeDaily %
Monthly %
Dow Jones Industrial Average24,46524,466-1.000.00-3.37
S&P 5002,6502,6428.000.30-3.84
FTSE 100 Index6,9607,050-90.00-1.280.07
DAX 3011,13811,244-106.00-0.94-1.20
CAC 40 Index4,9384,976-37.00-0.75-0.59
Nikkei 225 (Japan)21,64721,508139.000.65-1.65
SSE Composite Index2,6452,652-6.00-0.231.95
S&P/TSX Composite Index15,09215,095-3.00-0.02-1.27
NZ 508,7048,7031.000.010.35
US Volatility (Vix)21
Overseas Market Report

* US sharemarkets were closed for the Thanksgiving Day holiday.

Global oil prices fell on Thursday. Trading was thin due to the Thanks giving holiday in the US. But comments from Saudi Arabia Energy Minister Khalid Al-Falih weighed on crude sentiment after he said that his country is producing in excess of 10.7 million barrels per day, near record highs. Brent crude fell by US88 cents or 1.4% to US$62.60 a barrel and the US Nymex price fell by US78 cents or 1.4% to US$53.85 a barrel.

Base metal prices were mixed on the London Metal Exchange on Thursday. Zinc rose by 0.4% on persistent supply tightness. But nickel (-0.4%) fell to the lowest level this year with China's stainless steel market having difficulty digesting high output. Lead fell by 0.5%, but copper steadied, up by 0.3%.

The gold futures price fell by US10 cents an ounce or 0.01% to $1,227.90 an ounce. The spot gold price was trading near US$1,226 an ounce in late North American trade. Iron ore fell by US$1.35 or 1.8% to US$72.05 a tonne due to weak demand.

PreviousChangeDaily %
Monthly %
Oil Brent62.6063.48-0.88-1.39-21.58
Oil - West Texas crude54.0254.63-0.61-1.12-18.68
Gold Spot $/OZ1,228.001,
Silver Spot $/OZ14.5014.500.000.02-1.61
Iron Ore73.7074.20-0.50-0.717.00
Thermal Coal Newcastle102.40102.500.00-0.05-6.99
Coking Coal FOB ECP AUS0.
Aluminium ($US/t)1,9371,943-6.00-0.32-2.90
Copper Mar-18 ($US/lb)2.802.800.300.111.43
Lead ($US/t)1,9701,980-11.00-0.53-0.94
Nickel ($US/t)10,90210,952-49.00-0.45-12.41
Zinc ($US/t)2,6722,66210.000.36-1.73
Tin ($US/t)19,27019,25713.000.070.06
Uranium ($US/lb)29.0029.000.00-0.175.07
Australian Market ReportCurrent
PreviousChangeDaily %
Monthly %
ASX All Ords5,7685,770-3.00-0.05-2.98
S&P/ASX 2005,6885,691-3.00-0.05-2.65
ASX 24 Futures5,691
Australian Market Report

Thursday 22 October - close. The Australian share market has pushed off from the depths of recent lows and closed higher for the first time this week due to broad-based gains to the indices' major sectors. The benchmark S&P/ASX200 index was up 48.5 points, or 0.86 per cent, at 5691.3 on Thursday, while the broader All Ordinaries rose 0.84 per cent at 5,770.30.

Ashanti Headlines

AuMake International Ltd (AU8.ASX, 27cps, m.cap A$73.3m with 271.5m SOI, Cash $10.7m, Consumer Discretionary)


  • JiaJia TV (China)
    • Highly successful initial screening of AuMake owned brand AU8 propolis mouth spray product on 20 November 2018 with 700 units sold in a 30 minute segment
    • This result has met the upper range of JiaJia’s internal hurdle rates. Planning is now underway for multiple reruns of the mouth spray and scheduling of other AuMake owned brand product.
  • CIQ product approval
    • China Inspection and Quarantine Certification (CIQ) approval received for AU8 propolis mouth spray as an important step towards on-shelf sales in China – first export to Xiamen China anticipated in March 2019 quarter.
  • Owned brand dairy products
    • Strong initial domestic sales of AuMake owned brand Valerian Milk product outperforming anticipated average sales of new milk formula products coming to market
    • AuMake currently assessing attractive commercial terms proposed by other milk formula manufacturers for the development of new owned brand products
    • Update on owned brand milk formula products in March 2019 quarter
  • E-commerce legislation
    • Announcement of measures by Chinese government on 21 November 2018 to further stimulate cross border e-commerce industry which is anticipated to increase daigou activity from 1 January 2019
    • Daigou and Chinese tourist buying behaviour remains strong
  • Daigou channel commentary
    • Australian / New Zealand brand and product penetration continues to be poor in China’s second, third and fourth tier cities
    • Significant price differential between China on-shelf supermarket and daigou channel highlights the importance of daigou in reaching customers based within inland China
  • General trading conditions and Chinese tour groups
    • Increasing Chinese tour group traffic through AuMake stores
    • Momentum from September quarter has continued, with material improvement across all financial and operational metrics

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