Month: February 2016

• A volatile session to start the month with the ASX200 index closing well off its high of 5073 but finishing up +0.80% to 5043; none the less, a positive session and we outpaced our regional Asian peers
• The banks closed mixed, ANZ outperformed the big 4, ending its day up 1.7% to $24.59, while WBC closed 0.7% lower at $30.65.
• In the dairy sector, Bega Cheese (BGA) shed 10.5% lower to $6.32, after it announced that Coles (WES) will not extend its contract with BGA to supply its brand cheese from 2017.
• The Iron Ore names lost ground, but was not surprising after its huge outperformance last week. BHP closed 0.7% lower at $15.25, while RIO ended 0.4% lower at $38.97 and Fortescue Metals (FMG) down 3.2% at $1.675.
• Earlier in the day, Caixin’s China General Manufacturing PMI was reported lower than consensus at 48.2 and also sub “healthy economic levels of 50 or above”.

Best Sector – Health Care
Worst Sector – Financials