• SMC open account icon Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Budget News

  • Australia S&P/ASX 200 falls below the 6,700 level
  • February 26,2021  14:23
  • The Australian share market finished session steep lower on Friday, 26 February 2021, following a global selloff after Wall Street's main indexes tumbled overnight, as a rapid rise in bond yields rattled investor sentiment.At closing bell, the benchmark S&P/ASX200 tumbled 160.76 points, or 2.36%, to 6,673.27. The broader All Ordinaries tanked 165.05 points, or 2.32%, to 6,940.63.

    Investors monitored bond yields during Friday's session. Overnight, the yield on the benchmark 10-year U.S. Treasury note briefly crossed the 1.6% level to trade at its highest level in more than a year. “Yields are rising because investors are optimistic. They believe a strong sustainable recovery is right around the corner and prices will rise as demand comes roaring back. Investor optimism about the economic outlook has risen recently on the back of factors such as positive vaccine developments as multiple major economies inoculate their populations.

    Every sector traded lower by at least 1% with technology the worst performer, sliding 5%. Afterpay (APT) tumbled 11% having resumed trade from a halt all of yesterday. The buy-now pay-later provider will raise $1.5 billion via its convertible notes offer while also advising that co-CEO's Anthony Eisen and Nicholas Molnar have each sold 450,000 shares at $134.36. (KGN) was 10% lower even after net profit more than doubled to $23 .6 million while revenue jumped 89% to $414 million. KGN also increased its interim dividend to 16 cents per share.

    Harvey Norman (HVN) also saw reported that net profit more than doubled to $462 million on a 25% lift in total aggregated sales of $5.1 billion, as sales for furniture electrical and whitegoods sales remains strong during the pandemic. HVN also raised its dividend to 20 cents per share. HVN shares ended 1% softer.

    CURRENCY NEWS: The Australian dollar changed hands at $0.7834, off levels above $0.792 seen earlier in the week.

    Powered by Capital Market - Live News

Top News
Economy News

Follow us:

  • fb icon
  • Twitter icon
  • Linkedin
  • you tube

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Global Securities Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Global Securities Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid from 28-01-2020 to 27-01-2023 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email –, website:

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Global Securities Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Global Securities Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909

Plus Minus 
Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory