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Pin to quick picksStrategic Minerals Share News (SML)

Share Price Information for Strategic Minerals (SML)

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Share Price: 0.15
Bid: 0.10
Ask: 0.20
Change: -0.03 (-16.67%)
Spread: 0.10 (100.00%)
Open: 0.175
High: 0.175
Low: 0.125
Prev. Close: 0.18
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Australia shares gain for first day in 4; NZ also up

Wed, 04th Apr 2018 07:50

* Aussie and NZ shares of a2 Milk among top gainers on bothbenchmarks

* CBA, NAB and Westpac reverse trend to end higher(Updates to close)

By Susan Mathew

April 4 (Reuters) - Australian shares snapped a three-daylosing streak to end higher on Wednesday as real estate andconsumer stocks perked up after positive home building andretail sales data.

The S&P/ASX 200 index closed up 0.2 percent, or 9.5points, at 5,761.4.

Investors bought real estate stocks after data showed thatthough approvals to build new homes eased 6.2 percent inFebruary, overall home building is holding up better than manyanalysts had expected, with strength showing through in detachedhouses where approvals hit their highest in almost two years.

Mall operator stocks Scentre Group and propertydeveloper Mirvac Group rose 2.4 percent and 1.4percent, respectively.

Consumer stocks took heart from data showing that Australianretail sales rebounded, beating expectations, a sign thatconsumers may be coming out of the doldrums and contribute toeconomic growth.

Infant formula maker Bellamy's Australia, up 7.1percent, and dairy company a2 Milk, up 5.1 percent,were the top gainers on the benchmark.

Three of the 'Big four' were back in the black, after havingfallen earlier in the session, ending 0.3 percent to 0.8 percenthigher, while ANZ continued to fall.

On the ASX All Ordinaries index, Blue SkyAlternative Investments was the worst performer, down18.6 percent, as it resumed trading after U.S. short-sellerGlaucus Research Group claimed it had overstated its size,exaggerated performance and over-valued assets.

New Zealand's benchmark S&P/NZX 50 index fell 0.8percent, or 68.15 points, to finish the session at 8,398.08.

Dairy companies led gains with Synlait Milk rising 4.6percent and a2 Milk gaining 3.6 percent.

Air New Zealand climbed 3.6 percent. The airlinecompany said it would not renew its alliance with VirginAustralia, covering flights between the two countries, ending a7-year alliance between the two companies.

Virgin Australia shares ended 4.4 percent lower after theannouncement.(Reporting by Susan Mathew in Bengaluru; Editing by KimCoghill)

More News
21 Jul 2016 15:24

Strategic Minerals accepts settlement offer over Cobre rail works

(ShareCast News) - Diversified mineral development and production company Strategic Minerals announced on Thursday that it has accepted a settlement offer in relation to its claim over rail works for the Cobre Mine in the US. The AIM-traded firm said the settlement totalled $0.675m, to be paid in in

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21 Jul 2016 09:21

Strategic Minerals Accepts USD675,000 Settlement Over Railroad Dispute

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15 Jul 2016 15:45

Bushveld Minerals Postpones Completion Of Strategic Minerals Purchase

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21 Jun 2016 07:58

Strategic Minerals Raises Funds To Go Towards Redmoor Option (ALLISS)

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16 Jun 2016 16:21

Strategic Minerals finds nickel, platinum traces at Hanns Camp

(ShareCast News) - Strategic Minerals, the multi-minerals production, exploration and development company, said it had completed the maiden drill at its Hanns Camp project in Australia with encouraging prospects for nickel and possibly platinum. The company added that it had also received the first

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16 Jun 2016 08:52

Strategic Minerals Finds Nickel And Platinum Intervals At Hanns Camp

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14 Jun 2016 15:02

UK Shareholder Meetings Calendar - Next 7 Days

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8 Jun 2016 08:27

Strategic Minerals Gets More Nickel Sulphides Shows At Hanns Camp

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31 May 2016 15:55

LONDON MARKET CLOSE: Brexit Poll Hits Sterling, Stocks In Late Trade

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31 May 2016 13:01

Strategic Minerals shares soar as Hanns Camp drill hole finds nickel sulphates

(ShareCast News) - Strategic Minerals shares soared as the company reported that the first drill hole at its Australian Hanns Camp project has intersected nickel sulphides. The sulphides present include pentlandite and exist in a low level disseminated form at approximately 286m downhole, it said

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31 May 2016 10:38

Strategic Minerals Finds Nickel Sulphides In First Hanns Camp Hole

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26 May 2016 09:20

Strategic Minerals Inks Deal For Up To 50% Stake In Redmoor

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23 May 2016 15:46

Revenues slide but losses narrow at Strategic Minerals

(ShareCast News) - Minerals production and development company Strategic Minerals announced its final numbers on Monday, with a cash position of $1.05m on 31 December 2015. The AIM-traded firm said that during the year, it secured an early agreement to extend the Cobre mining rights to March 2017, a

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23 May 2016 09:02

Strategic Minerals Examining Opportunities As Annual Loss Narrows

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19 May 2016 10:50

Strategic Minerals Cuts Management Remuneration As Cash Shrinks

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