- The bears continued to roar and as expected, the ASX 200 was sold down by traders today, particularly late in the afternoon. We had stages in the day when it tried to recover, however, the usual selling came in through the Futures market and by 3 pm we fell 100 points from the day’s high. The broader market ended 100 points (-2%) to 4,928.
- Selling was across the board, with the exception of gold stocks. Newcrest Mining (NCM) managed to rally 51c (+4.2%) to $12.74 and OceanaGold (OGC) closed up 19c (+7.8%) to $2.62. Meanwhile, Regis Resources (RRL) managed to pick up 18c (+8.6%) to $2.28.
- The resource names sold off as expected, but didn’t seem to be as bad as some other sectors. BHP Billiton (BHP) closed down 60c (-3.5%) to $16.60, while RIO Tinto (RIO) ended slightly better, down 88c (-2%) to $42.18.
- The energy sector continues to slide, Woodside Petroleum (WPL) lost 63c (-2.3%) to $26.41. Santos (STO) lost 17c (-4.8%) to $3.34 and Origin Energy (ORG) down 21c (-4.5%) to $4.47.
- Another landmine was triggered this morning, where Suncorp (SUN) chose a bad day to announce a downgrade their earnings expectations due to losses in their commercial insurance, a falling dollar and poor investment yields. SUN closed 9.8% lower to $11.77.
Best Sector – Health Care
Worst Sector – Energy
Winners
Regis Resources Ltd (RRL) +$0.18, or (+8.6%) to $2.28
Evolution Mining Ltd (EVN) +$0.09, or (+6.6%) to $1.46
Beach Energy Ltd (BPT) +$0.02, or (+4.7%) to $0.445
Newcrest Mining Ltd (NCM) +$0.51, or (+4.2%) to $12.74
Losers
WorleyParsons Ltd (WOR) -$0.36, or (-7.8%) to $4.26
Arrium Ltd (ARI) -$0.005, or (-7.8%) to $0.059
Suncorp Group Ltd (SUN) -$1.28, or (-9.8%) to $11.77
Liquefied Natural Gas Ltd (LNG) -$0.105, or (-10.6%) to $0.885
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 14/12/2015. 4.14PM.
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