Australian Investment Blog

• The ASX 200 came under early pressure and fell close to fifty points within ten minutes of the opening. From there it started to improve, albeit slowly in the late morning. However by the 2.30pm it started to lose ground yet again and closed 28 points (-0.6%) to 5,080.
• The main focus was on BHP Billiton (BHP) and RIO Tinto (RIO) after RIO announced yesterday that it would slash again its capital investment, the second time in four months. RIO hit a low of $40.39 (a loss of $2.01 from the close), before recovering to close at $$42.05, down only 35c. BHP fared better however after it suffered strong selling in the UK last night. However it wasn’t such a bad day after all and it was down just 34c at its worst and closed up 11c to $17.16.
• The banks were at best mixed. Commonwealth Bank (CBA) had an intraday high of $80.90 (+76c) but faded in the afternoon to close up 15c to $80.29. Australia New Zealand Bank (ANZ) didn’t make it into the plus territory at all and closed down 39c to $26.43.
• Oil stocks performed stronger today with Woodside Petroleum (WPL) up 14c to $27.03, Santos (STO) up 19c to $3.50 and Oil Search (OSH) closed up 6c to $6.35.

Best Sector – Energy

Worst Sector – Industrials

Winners
Dick Smith Holdings Ltd (DSH) +$0.03, or (+9.0%) to $0.365
Slater & Gordon Ltd (SGH) +$0.075, or (+7.7%) to $1.045
Mesoblast Ltd (MSB) +$0.115, or (+7.4%) to $1.66
Arrium Ltd (ARI) +$0.004, or (+6.9%) to $0.062

Losers
Cardno Ltd (CDD) -$0.115, or (-7.1%) to $1.515
Platinum Asset Management Ltd (PTM) -$0.40, or (-5.0%) to $7.68
Sundance Energy Australia Ltd (SEA) -$0.01, or (-4.4%) to $0.215
Ardent Leisure Group (AAD) -$0.09, or (-4.1%) to $2.13

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 09/12/2015. 4.14PM.

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