- The ASX 200 was very quiet after picking itself off its lows this morning. After a low this morning of 5015 (-22 points) and a high of 5067 (+30 points) just half an hour later, the market closed down 8points to 5,029. For the week it was down 2.37%
- For those of us looking for some respite to the oil and gas sell off, Origin Energy (ORG) announced it has begun production of its Australia Pacific LNG project in Queensland. However, after seven years in the planning and construction, the news didn’t help the price, with the stock finishing down 10c to $4.68.
- Resources were quiet, but still down with BHP Billiton (BHP) down 28c to $17.20, whilst RIO Tinto (RIO) was flat on the day at $43.06. Fortescue Metals (FMG) however managed to creep into the black, up 4c to $1.84.
- The banks were moving between positive and negative territory today with Australia New Zealand Bank (ANZ) reaching a high of $26.46 and a low of $25.96, finishing the day up 3c to $26.22. Commonwealth Bank (CBA) ended the day up just 5c to $78.95 after trading in a range of $1.20. All in all, a very quiet day in the banks.
- Keep an eye open for the weekend report.
Best Sector – Information Technology
Worst Sector – Industrials
Winners
Ten Network Holdings Ltd (TEN) +$0.005, or (+3.2%) to $0.16
Sirtex Medical Ltd (SRX) +$1.18, or (+3.1%) to $39.20
Regis Healthcare Ltd (REG) +$0.15, or (+2.8%) to $5.49
Spotless Group Holdings Ltd (SPO) +$0.015, or (+1.3%) to $1.155
Losers
Myer Holdings Ltd (MYR) -$0.03, or (-2.6%) to $1.135
Whitehaven Coal Ltd (WHC) -$0.05, or (-6.9%) to $0.675
Cardno Ltd (CDD) -$0.13, or (-8.8%) to $1.355
Sundance Energy Australia Ltd (SEA) -$0.025, or (-12.2%) to $0.18
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 11/12/2015. 4.30PM.
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