- The ASX 200 was for a change a breath of fresh air. The market rallied 118 points (+2.4%) to 5,028, the largest one day move in four months!
- Sectors that have been a major source of pain over the last few weeks to months enjoyed a day of respite.
- The comment was made on more than one occasion that “The market must be strong, even BHP (BHP Billiton) is up”. Indeed, it finished the day up $0.91 (+5.6%) to $17.18. RIO Tinto (RIO) was also strong, but “only” up 3% to close at $43.02.
- The Banking Sector performed in line with today’s sentiment with Australian New Zealand Bank (ANZ) up $0.68 to $26.01, Commonwealth Bank (CBA) up $2.22 to $79.09, National Australia Bank (NAB) up $0.72 to $28.38 and Westpac (WBC) up $0.86 to $31.46.
- A stand out in the market was Crown Resorts (CWN) with a report that James Packer had been in consultation with Private Equity firms to bid jointly for Crowns assets. The price closed up $1.12 (+10.5%) to $11.77, after a high of $12.23.
Best Sector – Energy
Worst Sector – Health Care
Winners
Crown Resorts Ltd (CWN) +$1.12, or (+10.5%) to $11.77
Arrium Ltd (ARI) +$0.005, or (+8.9%) to $0.061
Domino's Pizza Enterprises Ltd (DMP) +$4.08, or (+8.3%) to $53.44
Whitehaven Coal Ltd (WHC) +$0.04, or (+6.6%) to $0.645
Losers
Greencross Ltd (GXL) -$0.17, or (-2.8%) to $5.81
AWE Ltd (AWE) -$0.02, or (-3.6%) to $0.53
Sonic Healthcare Ltd (SHL) -$1.04, or (-5.6%) to $17.46
Primary Health Care Ltd (PRY) -$0.25, or (-9.7%) to $2.33
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 16/12/2015. 4.25PM.
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