Australian shares rose today, despite an up and down day on Wall Street, where early gains were erased due to an unexpected decline in new home sales.
At home, Fairfax Media shares hit an all-time low of $0.53, giving the company a market value of $1.23b. Fairfax shares were $0.90 a year ago and $6 in 2000.
At 2.30pm, the S&P/ASX 200 was up 0.44% to 4143.6 and the All Ordinaries Index rose 0.44%.
The Australian dollar is stronger. It was buying $US1.0314 late this afternoon.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.