On the first day of trading, about # 750million «flowed to the new shareholders» — mainly City investors who benefited from an instant 38 per
cent share price rise.
Returns: City investors benefited from an instant 38 per
cent share price rise on the first day of trading
Penfolds and Wolf Blass owner Treasury Wine Estates has been a huge winner for investors with a 40 per
cent share price rise in the past year, but some analysts are now worried that it is trading on such a high multiple that a fall could be inevitable.
Not exact matches
Mining services contractor Viento Group says it can't explain why its
share price has
risen by 75 per
cent to 12
cents per
share in two weeks.
The
share price of Perth copper producer Aditya Birla Minerals
risen 19.5 per
cent on the announcement that its Nifty underground copper mine had been cleared to resume operations.
The
share price of Perth industrial parts and services provider Coventry Group has
risen 14 per
cent following the announcement of a $ 21 million return to shareholder
Corey Davis, an analyst with investment firm Jefferies & Co., estimates
shares will
rise to $ 1.44 in 2014 (about a 60
cents jump from the current
price) after the combined company has a full year of operations under its belt.
Michael Kiernan - chaired Territory Resources Ltd has acquired about 14 per
cent of Herdsman - based mineral sands miner Olympia Resources Ltd, causing Olympia's
share price to
rise sharply for the second day running.
The miner said adjusted net earnings for the quarter ended March 31
rose to $ 170 million, or 15
cents a
share, from $ 162 million or 14
cents a
share in the same three - month period a year ago on the back of higher gold
prices and lower depreciation.
Crown
shares fell about 1 per
cent on Wednesday to $ 12.95, though its
share price has
risen about 12 per
cent in a year.
In Latin America, average
share prices rose 7 per
cent.
Australian
share prices have
risen by 10 per
cent since the previous Statement and reached a series of record highs during the period (Graph 46).
Household wealth
rose by 5.1 per
cent in the December quarter, reflecting
rising house and
share prices, to be 11.7 per
cent higher over the year.
Australian
share prices have
risen by 4 per
cent since the time of the last Statement.
Stock markets in emerging economies have also recovered;
share prices in Asian emerging economies
rose by around 17 per
cent, while in Latin America, they increased by a more modest 8 per
cent.
Continuing the rebound in
share prices which started in March, the Australian
share market has
risen another 4 per
cent in the past three months; the ASX 200 is up 16 per
cent since mid March (Graph 50).
In addition, the Australian market has benefited from the strong lead provided by the US
share market, where
prices have
risen by almost 90 per
cent since the start of 1995.
Ms Brenner's departure was welcomed by Prime Minister Malcolm Turnbull, Treasurer Scott Morrison and Opposition Leader Bill Shorten, but did little to buoy the AMP
share price, which
rose just 3
cents to hover near six - year lows at $ 4.04.
Supermarket and grocery store sales
rose just 2.9 per
cent - the weakest rate of growth since September 2013 and well below the six month trend - as Woolworths, Coles and independents supplied by Metcash cut
prices to regain market
share lost to Aldi.
Fuelling the meteoric
share price rise (up some 80 per
cent since the start of the year) are big earnings expectations, though it's worth noting the
share price run is easily outpacing the expected earnings growth.
All these contributed to a scramble for UBA's
share, which in turn increased the bank's
share price currently standing at about N9.90, representing a
rise of over 165 per
cent or N6.16 per
share compared to N3.74 per
share recorded in 2016.
The foregoing table indicates that a
rise in the
price of copper from 10 to 13
cents would increase the value of Company A
shares by 100 % and the value of Company B and C
shares by 300 %.