- Just a short afternoon note given the weekend report tomorrow.
- The ASX 200 performed in line with expectations and disappointed investors by ending the day 74 points lower (-1.5%) to 5,051 – Down 3.4% for the week! The market closed bang on the 5050 level we have spoken about in recent reports.
- As expected, BHP lost ground, down 1.8% to $20.23, however, it was surprisingly stronger than some of the Big 4 banks. It kicked extremely well from below $20 and will be watched extremely next week as indicated in the morning note.
- Commonwealth Bank (CBA) was the weakest link of the big four banks, shedding 2.1% to $75.76.
- The performance of specific stocks in the ASX200 this week is highlighted in the chart below, positive to see ANN one of our plays we own from higher levels having a good week.
- Please watch out for the weekend report where a close look will be taking at the current market.
Source: Bloomberg
Best Sector – IT
Worst Sector – Energy
Winners
G8 Education Ltd (GEM)+$0.16, or (+4.7%) to $3.57
Cardno Ltd (CDD) +$0.09, or (+3.0%) to $3.05
Breville Group Ltd (BRG) +$0.16, or (+2.5%) to $6.53
Ardent Leisure Group (AAD) +$0.06, or (+2.3%) to $2.63
Losers
Santos Ltd (STO) -$0.33, or (-7.7%) to $3.97
Beach Energy Ltd (BPT) -$0.05, or (-7.8%) to $0.59
Drillsearch Energy Ltd (DLS) -$0.065, or (-8.3%) to $0.72
Sims Metal Management Ltd (SGM) -$0.76, or (-9.8%) to $7.00
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 12/11/2015. 4.14PM.
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