- A quiet session was experienced today in the ASX 200, finishing the day only 20 points higher to 5,276, with a trading range of 41 points.
- As expected, the majors of the Materials sector were weak – BHP closed 2.1% lower to $20.07 and RIO down 1% to $48.13. Fortescue Metals (FMG) however, was the strongest link and rallied 4.3% higher to $2.18.
- In the Consumer Staples sector, Woolworths (WOW) jumped from its barrier by 3.8% to $24.63, after reports of a conglomerate of private equity players are considering to make a bid for its Big W division. Wesfarmers (WES) also finished up slightly 1% to $39.42 and Bellamy's Australia (BAL) closing up 5.5% to $10.55
- In the Energy sector, Santos (STO) disappointed, and closed 3.8% lower to $4.00 as investors are concerned with possible dilution after the rights issue is completed.
- The banking sector was up slightly today NAB closed up 0.9% to $30.22 ,CBA up 0.7% to $80.4, ANZ closed up 0.4% to $27.85 and Westpac (WBC) closed up 3c to $31.89
- The health care sector was also slightly up today with Resmed (RMD) up 1.2% to $8.16 and Ramsay HealthCare (RHC) up 0.9% to $67.94
Best Sector – Consumer Staples
Worst Sector – Materials
Winners
Fortescue Metals Group Ltd (FMG) +$0.09, or (+4.3%) to $2.18
Sigma Pharmaceuticals Ltd (SIP) +$0.035, or (+4.3%) to $0.855
Myer Holdings Ltd (MYR) +$0.04, or (+3.9%) to $1.07
Woolworths Ltd (WOW) +$0.92, or (+3.9%) to $24.63
Losers
Ardent Leisure Group (AAD) -$0.16, or (-6.3%) to $2.38
Paladin Energy Ltd (PDN) -$0.02, or (-8.3%) to $0.22
Liquefied Natural Gas Ltd (LNG) -$0.145, or (-11.2%) to $1.155
Slater & Gordon Ltd (SGH) -$0.53, or (-19.8%) to $2.15
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 23/11/2015. 4.14PM.
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