Daily FNArena News - Australia

FNArena’s Sentiment Indicator doesn’t show National Australia Bank as the highest rated of the majors, but DJ Carmichael sees value at current levels.

As we enter the June quarter, brokers have begun reassessing those stocks for which they hold a high Buy or Sell conviction.

Investors in Australia are not lining up to allocate more cash to the share market, our March Survey has revealed.

Recent poor performances have left Cricket Australia in a sorry financial state. Taking a lead from the Brisbane Broncos, CA has decided to encourage fans to invest in their own team.

Woodside shares have shot up recently on rumours of a takeover by BHP. Citi analysts can’t see any reason why BHP would be interested.

A six-monthly survey by mortgage insurer Genworth Financial has found homebuyers would have become more confident since September if not for the spate of natural disasters.

Telstra briefed the market on a new strategy for directories and online division Sensis but brokers continue to question the potential of the new approach.

An update from Alacer Gold shows development of the Copler project in Turkey continues to advance.

Not mortgage securities again? Yes – but this time in the far less risky form of covered bonds, which will reduce the banks’ reliance on expensive offshore funding.

Southern Cross Equities expects favourable clinical trial results from anti-viral drug developer Biotron.