- What a difference a day makes. A nice rebound in the market today saw the ASX 200 finish + 103 points (2.0%) to 5,021.
- The complete opposite to yesterday of course in that the banks and resources were all in rebound
- BHP Billiton (BHP) finished up 2.8% to $22.22 and RIO Tinto (RIO) was up 4.8% to $48.60. Fortescue Metals excelled, up 9% to $1.82
- In the banking sector the stand out was Commonwealth Bank (CBA), which was up 3.7% to $72.72.
- On the corporate side, Origin Energy (ORG) is raising $2.5b through an entitlement offer. It further announced an additional $2.2b of “cash preservation” initiatives together with a slashing of the 2016/17 dividends. The stock was suspended pending resolution of the raising.
Best Sector – Banking
Worst Sector – Utilities
Winners
Fortescue Metals Group Ltd (FMG) +$0.15, or (+8.9%) to $1.82
TPG Telecom Ltd (TPM) +$0.72, or (+7.1%) to $10.86
Regis Resources Ltd (RRL) +$0.085, or (+5.0%) to $1.785
Rio Tinto Ltd (RIO) +$2.08, or (+4.5%) to $48.60
Losers
AGL Energy Ltd (AGL) -$0.26, or (-1.6%) to $15.97
Alumina Ltd (AWC) -$0.02, or (-1.8%) to $1.125
Whitehaven Coal Ltd (WHC) -$0.02, or (-2.2%) to $0.895
Santos Ltd (STO) -$0.30, or (-7.0%) to $3.98
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 30/09/2015. 4.30PM.
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The author holds an interest in the financial products of ANN, ANZ, BEN, CBA, CGF, MQG,,SEK, and WPL
