- Despite the ASX 200 ending its day 0.8% lower to 5,018, it was surprising for most to see it recover from the lows of 4,979 after falling below 5000 for the first time since September.
- BHP Billiton (BHP) recovered well from its lows, rallying 1.3% from $19.90 to end the day only 7c lower to $20.16.
- The big four banks were all off with Westpac falling 1.6 per cent, ANZ 1.5 per cent, CBA 1.3 per cent and NAB 1.4 per cent.
- Woolies dropped 1.8 percent and is trading at its lowest in over three years. Wesfarmers dropped 0.9 percent. We are watching these stocks as indicated in previous reports when we have called Woolies a sell.
- Telstra managed to buck the trend - around one in five stocks managed a gain - climbing 0.4 percent. Woodside climbed 1.3 percent as the energy sector enjoyed the day's best gains as oil bounced in Asian trade. Santos added 4 percent, Oil Search 2.7 per cent and Origin 3 per cent.
- Gold miners also climbed, with Newcrest closing up 2.8 per cent.
- The day's best was LNG Ltd, up 15 percent after the company announced the major construction contract pricing for its US LNG export venture, another step along the way of the regulatory approvals process.
- Mesoblast plunged close to 40 per cent following its disappointing float in New York's Nasdaq exchange.
- In the gaming sector, Tabcorp (TAH) and Tatts Group (TTS) announced that they failed to agree on its possible merger agreement. This sent TTS to rally 3.1% higher to $4.04 while TAH ended 0.2% to lower $4.41.
- Talks resumed with Asciano (AIO) and Qube Logistics (QUB) as AIO granted QUB to conduct Due Diligence in its books.
Best Sector – Energy
Worst Sector – Industrials
Winners
Liquefied Natural Gas Ltd (LNG) +$0.19, or (+14.6%) to $1.495
Slater & Gordon Ltd (SGH) +$0.16, or (+6.1%) to $2.80
Santos Ltd (STO) +$0.16, or (+4.0%) to $4.13
Blackmores Ltd (BKL) +$5.76, or (+3.6%) to $166.4
Losers
National Storage REIT (NSR) -$0.065, or (-4.3%) to $1.43
Mineral Resources Ltd (MIN) -$0.24, or (-5.7%) to $3.98
Paladin Energy Ltd (PDN) -$0.02, or (-7.4%) to $0.25
Mesoblast Ltd (MSB) -$1.31, or (-38.4%) to $2.10
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 16/11/2015. 4.14PM.
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