Afternoon Report Tuesday 15 December 2015
- The rally in the broader market was short lived, as health concerns continue around the globe. The ASX 200 closed on its year lows, wiping all winnings and lost 19 points (-0.4%) to 4,909 after trading as high as 4,969 earlier today.
- The Telco’s were the outperformer, with Telstra (TLS) rallying 1.2% to $5.23 and M2 Communications (MTU) up 0.6% to $11.29.
- Despite Iron Ore rallying 1.4% in Asia trade, the Materials sector resumed its descent. BHP Billiton (BHP) closed 2% lower at $16.27, while RIO closed 1% lower at $41.76.
- In the Mergers & Acquisitions (M&A) side, Pet Care services, Greencross Ltd (GXL) rallied 29.2% to $5.98 after reports of a private equity group attempting to accumulate up to 14.99% of the company.
- The government announced a wider deficit to $37.4b from the $35.1b forecasted earlier in the year.
Best Sector – Telcos
Worst Sector – Materials
Winners
Greencross Ltd (GXL) +$1.35, or (+29.2%) to $5.98
Mesoblast Ltd (MSB) +$0.13, or (+9.2%) to $1.55
Paladin Energy Ltd (PDN) +$0.015, or (+7.1%) to $0.225
Pacific Brands Ltd (PBG) +$0.04, or (+5.6%) to $0.755
Losers
Sonic Healthcare Ltd (SHL) -$1.17, or (-5.9%) to $18.50
Primary Health Care Ltd (PRY) -$0.28, or (-9.8%) to $2.58
Whitehaven Coal Ltd (WHC) -$0.07, or (-10.4%) to $0.605
Liquefied Natural Gas Ltd (LNG) -$0.11, or (-12.4%) to $0.775
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 15/12/2015. 4.30PM.
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