Morning Report Friday 27 November 2015
Looking closely at 3 big movers from yesterdayHappy Friday everyoneOverviewYesterday was very encouraging for local equities with gains being achieved even with the significant negative influences from BHP and Slater & Gordon. The local futures rallied an aggressive 84 points from the opening but drifted from midday closing up 20 points for the day; a break back over yesterday’s high should at least have a second test of 5300 - see chart 1.Turning to the MarketsWith the US enjoying Thanksgiving last night markets have fewer offshore leads today. Nevertheless, futures are calling a healthy open of around +30 points.1 Sydney Airports (SYD) $6.58
Many investors have been buying SYD as a stable dividend paying stock (~4% p.a) while rivals in the yield-play sector like the banks and Telstra have been hammered.
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