- A soft start in the ASX 200 was experienced following the US Fed Reserve’s no change in its rate, until investors fully digested the comments and rallied from 10.30 this morning, to finish the day up 23 points (+0.5%) to 5,170.
- As the yield play remains in Australia for now, the bank sector rallied, Westpac (WBC) was the strongest link, ending its day up 1.3% at $31.75.
- In the Mergers & Acquisitions (M&A) area, Veda Group (VED) rallied 31.3% after receiving a non-binding bid by Equifax Inc at $2.70 a share.
- Watch out for the Weekend Report tomorrow.
Best Sector – Industrials
Worst Sector – Energy
Winners
Veda Group Ltd (VED) +$0.625, or (+31.3%) to $2.62
Mesoblast Ltd (MSB) +$0.22, or (+6.9%) to $3.43
Newcrest Mining Ltd (NCM) +$0.82, or (+6.9%) to $12.63
Slater & Gordon Ltd (SGH) +$0.155, or (+5.6%) to $2.9
Losers
Origin Energy Ltd (ORG) -$0.25, or (-3.4%) to $7.06
Mineral Resources Ltd (MIN) -$0.16, or (-3.5%) to $4.42
Seven West Media Ltd (SWM) -$0.03, or (-3.8%) to $0.76
Santos Ltd (STO) -$0.25, or (-5.0%) to $4.75
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 18/09/2015. 4.15PM.
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