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ASX200 Midday Wrap 22 January 2018

Posted by Billy Macris on 22-Jan-2018 13:26:22
The ASX200 has fallen into red territory late in the morning session with the main Index trading lower by 6.60 points or -0.11 percent at 5,999.20.  DHG continues to hold top spot with the biggest loss for the session currenltly lower by 10.99%. The negative news has had an impact on FXJ which is currently also lower by 5.90%. MYX continues to trade lower with losses to the tune of 5.03 percent this afternoon. Media stocks NEC + 7.38 percent and SWM +5.91percent have continued to remain positive for the session while WSA has also had a strong session currently trading +3.03 percent at $3.23. The Aussie Dollar is sitting just below USD $0.8000 at $0.7980 while the Yen is steady at 110.76, euro  1.2234 and GBP 1.3868 against the US Dollar. Spot gold remains unchanged at USd $1331.00 per ounce and bitcoin is trading at USd $11,400.00. markets will be waiting on further news out of the U.S. tonight to see if a deal can be reached with regard to the government funding. (NEC.AX hourly Chart Attached.)nec ax.png

Topics: Market News, Bitcoin, ASX200 Midday Wrap