- The ASX 200 ended its day pretty much unchanged, rallying from its lows of 4,925 in the morning, to close at 4,975, with the miners providing most support.
- RIO was the strongest of the big miners, rallying 2.2% higher at $42.53, whilst FMG lost 3.4% at $1.83 after rallying 9.5% higher last week.
- The big 4 banks were the laggards today, ANZ continues to be the weakest link, ending its day down 1.5% lower at $23.73.
- Newcrest Mining (NCM) rallied 3.7% higher at$15.52, continuing its strength of +16.2% this year.
- Ansell (ANN) rallied 7.3% higher at $16.14 after reporting soft 1H numbers, although the damage was done last week when they downgraded earnings guidance. Commentary was more upbeat about 2H earnings hence the decent rally today.
Best Sector – Utilities
Worst Sector – IT
Winners
Ansell Ltd (ANN) +$1.1, or (+7.3%) to $16.14
Aurizon Holdings Ltd (AZJ) +$0.20, or (+5.1%) to $4.12
WorleyParsons Ltd (WOR) +$0.16, or (+4.8%) to $3.50
Newcrest Mining Ltd (NCM) +$0.56, or (+3.7%) to $15.52
Losers
Sims Metal Management Ltd (SGM) -$0.19, or (-2.5%) to $7.32
LendLease Group (LLC) -$0.33, or (-2.7%) to $12.01
CYBG PLC (CYB) -$0.12, or (-2.9%) to $4.04
Fortescue Metals Group Ltd (FMG) -$0.065, or (-3.4%) to $1.83
All figures contained from sources believed to be accurate. MarketMatters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 08/02/2016. 4.29PM.
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