- An explosive day in the ASX 200 today, rallying to close 109 points higher to 5,242 after November Index options expiry this morning.
- The Iron Ore names returned back to the hot seat, favourite. Rio Tinto (RIO) was the strongest link, rallying 4% higher to $48.68, despite Iron Ore down 2.8% in Asia and BHP had a strong day also up 3% to $20.42.
- In the Mergers & Acquisitions (M&A) area, OZ Forex (OFX) ascended 30% higher to $3.38 after Western Union provided an indicative proposal worth between $3.50-$3.70.
- NAB was the better bank of the big 4, up 3.2% to $29.72, while CBA ended 1.7% higher at $79.14.
Best Sector – Consumer Staples
Worst Sector – Utilities
Winners
OzForex Group Ltd (OFX) +$0.78, or (+30.0%) to $3.38
Mineral Resources Ltd (MIN) +$0.52, or (+12.6%) to $4.64
Broadspectrum Ltd (BRS) +$0.085, or (+9.4%) to $0.99
Pacific Brands Ltd (PBG) +$0.055, or (+8.0%) to $0.745
Losers
Slater & Gordon Ltd (SGH) -$0.12, or (-3.8%) to $3.05
Mesoblast Ltd (MSB) -$0.12, or (-6.2%) to $1.83
James Hardie Industries PLC (JHX) -$1.34, or (-7.5%) to $16.51
Pact Group Holdings Ltd (PGH) -$0.39, or (-7.5%) to $4.78
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