- It was no surprise the underperformance witnessed in the ASX 200 today, although the broader market rallied well from its lows of 4,803 to end the day at 4,858.
- Both the banks and miners were the contributors to lead the ASX200 into the red sea, NAB was the weakest link of the big 4, ending 1.1% lower at $26.69, while BHP lost further ground today, down 2.9% at $14.63.
- The consumer staples sector was the hot topic of the day, with Woolworths (WOW) announcing it plans to cut its underperforming asset, Masters. WOW closed 4.4% higher at $23.65.
- This week on specific stocks, will likely focus on the Iron Ore sector, with RIO releasing its fourth quarterly production tomorrow morning and BHP with its result this Friday.
Best Sector – Consumer Staples
Worst Sector – Energy
Winners
Metcash Ltd (MTS) +$0.12, or (+7.9%) to $1.635
Northern Star Resources Ltd (NST) +$0.18, or (+6.5%) to $2.94
Woolworths Ltd (WOW) +$0.99, or (+4.4%) to $23.65
Regis Resources Ltd (RRL) +$0.08, or (+3.5%) to $2.39
Losers
Liquefied Natural Gas Ltd (LNG) -$0.04, or (-6.3%) to $0.60
Magellan Financial Group Ltd (MFG) -$1.60, or (-6.4%) to $23.35
Mesoblast Ltd (MSB) -$0.115, or (-7.1%) to $1.51
Santos Ltd (STO) -$0.24, or (-8.4%) to $2.63
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 18/01/2016. 4.20PM.
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