- The ASX 200 index was hit from the start by sellers and at worst, was down 143 points. By the end of the session, it improved to end 104 points lower (-2%) at 5,066.
- Volatility in Australia’s share market has followed suite of its US counter parts, up 13.6% to 26.49 – an indication of fear in the market.
- The Materials sector was the weakest, with the major Iron Ore players losing its lustre. Fortescue Metals (FMG) closed 4.1% lower at $1.975, while RIO Tinto lost 2.9% to $49.78.
- The banking sector also contributed to the sea of red, as Commonwealth Back (CBA) was the weakest link, having ended 2.9% lower at $73.62.
Best Sector – Health Care
Worst Sector – Materials
Winners
Premier Investments Ltd (PMV) +$1.13, or (+9.6%) to $12.92
TPG Telecom Ltd (TPM) +$0.3, or (+2.9%) to $10.48
Qantas Airways Ltd (QAN) +$0.03, or (+0.8%) to $3.66
Santos Ltd (STO) +$0.03, or (+0.6%) to $4.78
Losers
BT Investment Management Ltd (BTT) -$0.47, or (-4.6%) to $9.68
Genworth Mortgage Insurance Au (GMA) -$0.12, or (-4.7%) to $2.44
APN News & Media Ltd (APN) -$0.03, or (-5.6%) to $0.51
Pacific Brands Ltd (PBG) -$0.04, or (-5.9%) to $0.64
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 21/09/2015. 4.30PM.
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