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Month: November 2015

Afternoon Report Monday 2nd November 2015

by james Carter

  • The ASX200 started November with a disappointment, down 1.4% lower to 5,168.
  • In the Energy sector, Santos (STO) rallied 2.2% higher to $5.97 after reaching an agreement to sell one of its assets to an overseas party for US$50m. MarketMatters currently holds STO via options. STO closed 1.9% higher at $5.95
  • Iron Ore fell in Asia trade, off 0.3% and expect weakness to flow in the overnight markets.
  • Tomorrow is D day for the RBA, with investors anticipating an interest rate cut on the day the race stops the nation.

Best Sector – Energy
Worst Sector – Financials

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