- It was with no surprise, investors took profits off the table today in a quiet market with next week looking to be quiet due as Chinese New Year is being celebrated from tomorrow.
- The ASX 200 closed 4 points lower (-0.1%) at 4,976 with the banks underperforming against the miners.
- The big 4 led the broader market’s weakness, with NAB being the weakest link, finishing the day down 1.5% at $26.46.
- The Iron Ore names continue to be the shining star; BHP closed 4.9% higher at $16.20 while Fortescue Metals (FMG) ended up 4.7% at $1.895.
- With market uncertainty seen in the US, the gold sector rallied today, Newcrest Mining (NCM) edged 4.6% higher at $14.96, technically trading on the upper band of current trading range.
* Watch out for the weekend report.
Best Sector – Materials
Worst Sector – Consumer Discretionary
Winners
Alumina Ltd (AWC) +$0.085, or (+7.8%) to $1.17
Iluka Resources Ltd (ILU) +$0.37, or (+6.3%) to $6.28
South32 Ltd (S32) +$0.06, or (+5.5%) to $1.145
Aurizon Holdings Ltd (AZJ) +$0.20, or (+5.4%) to $3.92
Losers
WorleyParsons Ltd (WOR) -$0.10, or (-2.9%) to $3.34
Domino's Pizza Enterprises Ltd (DMP) -$1.62, or (-3.0%) to $52.35
REA Group Ltd (REA) -$1.86, or (-3.6%) to $49.36
Primary Health Care Ltd (PRY) -$0.10, or (-4.1%) to $2.34
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 05/02/2016. 4.18PM.
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