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31 January 2019 07:32 AM
Overseas Market Report
Current Level
Previous
Change
Daily % Change
Monthly % Change
Dow Jones Industrial Average
25,015
24,580
435.00
1.77
7.23
S&P 500
2,681
2,640
41.00
1.55
6.95
NASDAQ
7,183
7,028
155.00
2.20
8.26
FTSE 100 Index
6,942
6,834
108.00
1.58
3.17
DAX 30
11,182
11,219
-37.00
-0.33
5.90
CAC 40 Index
4,975
4,928
47.00
0.95
5.16
Nikkei 225 (Japan)
20,557
20,665
-108.00
-0.52
2.71
HKSE
27,643
27,532
111.00
0.40
6.95
SSE Composite Index
2,576
2,594
-19.00
-0.72
3.28
S&P/TSX Composite Index
15,485
15,463
21.00
0.14
8.11
NZ 50
8,958
8,926
33.00
0.37
1.67
US Volatility (Vix)
18
Overseas Market Report
US sharemarkets were up strongly on Wednesday in response to positive earnings reports and the interest rate decision. Shares in Boeing rose 6.25% on positive full-year profit guidance. Shares in Apple rose 6.8% after reporting solid services revenues. At the close, the Dow Jones index was up by 435 points or 1.8%. The S&P500 index was up by 1.6%. And the Nasdaq index lifted by 155 points or 2.2%.
Global oil prices rose on Wednesday after data showed a smaller-than-expected lift in crude stocks in the last week. Crude inventories rose 919,000 barrels according to the Energy Information Administration, below forecasts for an increase of 3.2 million barrels. Gasoline stocks also fell 2.2 million barrels last week. Investors continue to watch the political crisis in Venezuela. Brent crude rose by US33 cents or 0.5% to US$61.65 a barrel and the US Nymex price rose by US92 cents or 1.7% to US$54.23 a barrel.
Base metal prices rose by up to 1.9% on the London Metal Exchange with nickel doing the best although tin rose just 0.4%.
The gold futures price rose by US30 cents an ounce to$1,315.50 an ounce. The spot gold price was near US$1,319 anounce in late US trade. Iron ore rose by US$5.10 or 6.4% to US$85.05 a tonne.
Commodities
Current Level
Previous
Change
Daily % Change
Monthly % Change
Oil Brent
61.65
61.32
0.33
0.54
18.10
Oil - West Texas crude
54.41
54.23
0.18
0.33
19.82
Gold Spot $/OZ
1,320.00
1,320.00
0.30
0.02
2.95
Silver Spot $/OZ
16.10
16.10
0.00
0.03
3.71
Iron Ore
72.70
72.10
0.60
0.83
4.63
Thermal Coal Newcastle
99.30
99.20
0.10
0.10
-2.55
Coking Coal FOB ECP AUS
0.00
0.00
0.00
0.00
0.00
Aluminium ($US/t)
1,891
1,874
17.00
0.88
1.83
Copper Mar-18 ($US/lb)
2.77
2.77
0.70
0.25
5.45
Lead ($US/t)
2,074
2,061
14.00
0.66
1.10
Nickel ($US/t)
12,281
12,054
227.00
1.88
15.35
Zinc ($US/t)
2,692
2,662
31.00
1.16
7.99
Tin ($US/t)
20,885
20,805
80.00
0.38
6.97
Uranium ($US/lb)
29.00
29.00
0.00
0.00
1.22
Australian Market Report
Current Level
Previous
Change
Daily % Change
Monthly % Change
ASX All Ords
5,975
5,951
24.00
0.40
4.65
S&P/ASX 200
5,909
5,887
22.00
0.38
4.65
ASX 24 Futures
5,846
Australian Market Report
Wednesday 30 January - close. The Australian share market has closed higher after a fluctuating trading session with the resources sector putting in a strong performance. The benchmark S&P/ASX200 index was up 12.5 points, or 0.21 per cent, to 5,886.7 at 1630 AEDT on Wednesday, while the broader All Ordinaries was up 11.6 points, or 0.2 per cent, lower at 5,951.1.
Ashanti Headlines
AuMake International Ltd (AU8.ASX, 22cps, m.cap A$59.7m with 271.5m SOI, Cash $8.0m, Consumer Discretionary)
Quarterly Highlights
This morning AuMake (AU8.ASX) released their numbers from the December quarter, highlights include;
Record financial performance;
Sales: $11.83m (Sep 2018 quarter: $10.05m) up 18%
Gross profit: $2.51m (Sep 2018 quarter: $1.76m) up 43%
Gross margin: 21.25% (Sep 2018 quarter: 17.5%) up 21%
Significant increase in owned brand sales (OEM) growth of 55% to $850,000 (Sep quarter 2018: $550,000) 424% increase in owned brand sales to $1.40m (first half FY18 compared to first half FY17)
Strong improvement in same store performance over the June quarter with growth of 17% (sales) and 75% (gross profit)
Net cash operating outflow decreased by 72% to $0.30m (excluding forward purchased inventory) (September 2018 quarter: $1.19m)
Strong balance sheet with cash and inventory of A$8.04M and A$3.75M respectively.
AuMake signed exclusive strategic partnership with JD.com. Revenue expected to materialise in Jun Qtr-19.
Contrary to recent media publications, AuMake expects the Chinese New year to be particularly busy and we look forward to seeing how this impact the March Qtr.
Ashanti Capital Pty Ltd, ABN 61 614 939 981, the holder of an Australian Financial Services License (AFSL) number 493204. Any advice included in this document is general advice only, based solely on consideration of the investment or trading merits of the financial product/s alone, without taking into account the investment objectives, financial situation and particular needs (i.e. financial circumstances) of any particular person. Before making an investment or trading decision based on the advice, the recipient should consider carefully the appropriateness of the advice in light of his or her financial circumstances and obtain a copy of and consider the Product Disclosure Statement for that product before making any decision.
While this communication is for informational purposes only and based on the information from sources which are considered reliable. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Ashanti Capital, its directors, employees and consultants do not represent, warrant or guarantee, expressly or impliedly, that the information contained in this document is complete or accurate. Nor does Ashanti Capital accept any responsibility to inform you of any changes.
This document is a private communication to clients and is not intended for public circulation or for the use of any third party, without the prior approval of Ashanti Capital.
Ashanti Capital and/or entities and persons connected with it may have an interest in the securities, the subject of the recommendations set out in this report. In addition, Ashanti Capital and/or its associates will receive commissions on any transaction involving the relevant securities.