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The S&P 500 ended slightly higher and the Nasdaq eked out a record closing high on Thursday, helped by a jump in Netflix, while news about the coronavirus outbreak spreading from China and mixed earnings results kept a lid on the market.MORE >
Australian stocks have given up almost all of the day's gains, but are still on track for their best month in years.
Friday, 24th January, 2020
After being up as much as 34.7 points before noon, the ASX200 index finished Friday up just 2.5 points, or 0.04 percent, at 7,090.5 points. The broader All Ordinaries index closed up 4.2 points higher, or 0.06 percent, at 7,203.2.
CSL broke through the $310 mark for the first time ever, hitting an intra-day high of $313.59 before finishing 1.1 percent higher at $310.70. The blood products and influenza vaccine manufacturer accounted for 5.2 ASX200 index points - more than double the day's gains. IAG declined 5.4 percent after flagging that it had received 28,000 claims from the hailstorms that pelted Canberra, Melbourne and Sydney this week, which the insurer expects will cost it about $169 million. Fellow insurer Suncorp was down 1.7 percent to $12.99 while QBE rose 0.4 percent to $13.77.
Village Roadshow climbed 4.4 percent to $4.02 after announcing it had received a second non-binding indicative offer from a private equity firm, this one valuing the theme park and cinema operator at $4 per share. The big banks were all higher, with ANZ up 0.6 percent to $25.90, Westpac and Commonwealth both up 0.5 percent to $25.21 and $84.94, respectively, and NAB up 0.4 percent to $25.80. But the mining sector dragged on the market as iron ore prices declined 3.5 percent amid fears from the China coronavirus outbreak. Rio Tinto dropped 2.8 percent to $103.18, BHP fell 1.5 percent to $40.45 and South32 dipped 1.8 percent to $2.73.
The Australian dollar meanwhile was buying 68.46 US cents, down from 68.59 US cents at Thursday's close.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.6841||0.0005||0.07|
|$A vs GBP||0.5211||
|$A vs EUR||0.6194||0.0011||0.17|
|$A vs YEN||74.94||0.05||0.06|
|$A vs $NZ||