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Australian Investment Blog

Afternoon Report 01/12/2015

Afternoon Report Tuesday 1st December 2015

  • The ASX 200 started the beginning of December , last month of 2015 in great form, rallying 99 points higher (+1.9%) to 5,266.
  • The Bank sector helped the broader market into positive territory with ANZ up 2.4% to $27.79.
  • The Materials sector had a breather from its recent selloff; BHP climbed 3.7% higher to $18.75, while RIO rallied 2.2% to $46.92.
  • The Reserve Bank of Australia (RBA) met for the last time this year and decided to have its rates on hold, for now at 2%.



Best Sector – Consumer Staples
Worst Sector – Utilities

Winners
Slater & Gordon Ltd (SGH) +$0.26, or (+28.1%) to $1.185
Dick Smith Holdings Ltd (DSH) +$0.07, or (+25%) to $0.35
Metcash Ltd (MTS) +$0.20, or (+13.5%) to $1.68
Nine Entertainment Co Holdings (NEC) +$0.12, or (+7.2%) to $1.78

Losers
Recall Holdings Ltd (REC) -$0.09, or (-1.3%) to $6.85
JB Hi-Fi Ltd (JBH) -$0.36, or (-1.9%) to $18.95
Transpacific Industries Group (TPI) -$0.015, or (-2.3%) to $0.64
Sigma Pharmaceuticals Ltd (SIP) -$0.025, or (-2.9%) to $0.845

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 1/12/2015. 4.30PM.
Reports and other documents published on this website (‘Reports’) are authored by Market Matters. The MarketMatters Reports are based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.
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The author holds an interest in the financial products of ANN, ANZ, BEN, CBA, MQG, OSH, SUN,BOQ,BHP & SEK

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