Australia: Shares flat amid mixed financial results

Australian shares struggled to advance on Wednesday as mixed earnings reports offset a boost from firmer mining and bank stocks.

The S&P/ASX 200 was up just 0.01 points at 5,555.0 at 0224 GMT.

Ardent Leisure Group surged as much as 19 per cent after unveiling a 32 per cent rise in annual profit. Ardent profited from rising numbers of Chinese visitors to its theme parks and the successful rollout of US family entertainment centres.

Air carrier Qantas, which posted a record annual profit, was 2.6 per cent firmer. It also declared its first final dividend in eight years.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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Epic Research Singapore : Asian Market Update

Asian markets were mostly down on Tuesday as traders booked profits after the previous day's rally, while Wall Street provided another negative lead in response to anaemic US and Chinese manufacturing data.

Tokyo slipped 0.35 per cent by the break, Hong Kong fell 0.35 per cent, Sydney eased 0.42 per cent and Seoul shed 0.19 per cent but Shanghai was 0.32 per cent higher.
European and US shares were unable to match Monday's strong performance from stocks in Asia, where traders saw a fall in Chinese manufacturing activity as possibly pressing Beijing into announcing monetary easing measures.

Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg

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