- The ASX 200 finished strongly today, after a weak lead from overseas. The market finished up 33 points (0.6%) to 5,230.
- BHP Billiton (BHP) announced it raised $6.5b in the U S, European and London debt hybrid markets, in a measure to refinance its existing debt. It’s expected $1.5b will be used to cover dividends for the next three years, with the balance used to pick up assets in copper and/or oil. BHP finished up 44c 1.8% to $25.12.
- RIO Tinto (RIO) enjoyed the strength of the day and closed up $1.22 (2.3%) to $54.25. Fortescue Metals (FMG) rocketed up on its quarterly report when it announced that it had repaid part of its debt and brought the cost of production lower than analyst’s expected. The stock closed up 13c (6%) to $2.29.
- Asciano (AIO) was the weakest link, as the ACCC prolonged its decision on being taken over by Brookfield. AIO ended 7.6% lower to $7.88.
Best Sector – Materials
Worst Sector – Telecom
Winners
Domino's Pizza Enterprises Ltd (DMP) +$4.1, or (+9.6%) to $46.62
Insurance Australia Group Ltd (IAG) +$0.32, or (+6.3%) to $5.36
Fortescue Metals Group Ltd (FMG) +$0.13, or (+6.0%) to $2.29
Regis Resources Ltd (RRL) +$0.12, or (+6.0%) to $2.12
Losers
Asciano Ltd (AIO) -$0.65, or (-7.6%) to $7.88
Arrium Ltd (ARI) -$0.005, or (-4.8%) to $0.10
Dick Smith Holdings Ltd (DSH) -$0.065, or (-4.5%) to $1.39
Ten Network Holdings Ltd (TEN) -$0.005, or (-2.9%) to $0.17
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 15/10/2015. 4.14PM.
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