- For a change, the ASX 200 went up from the opening and after a brief lapse of sideways movement, continued steadily up from there. The index finished up 80 points (+1.6%) to 5,099.
- The energy sector was the strongest today with Woodside Petroleum (WPL) up 3.0% to $29.10. Santos (STO) enjoyed a 5.4% move higher to close at $4.90 whilst Caltex (CTX) was up 3.3% to $31.42.
- The banks were well sought after as well, Australia New Zealand Bank (ANZ) closed up 74c (+2.7%) to $27.88. Commonwealth Bank (CBA) rose $2.63 (+2.6%) to $75.35, National Australia Bank (NAB) closed up 68c (+2.3%) to $30.51 and lastly Westpac (WBC) up 87c (+2.9%) to $31.07.
- All eyes will be on the 2-day US FOMC meeting, where there is currently only a 32% consensus of a rate hike in the US this month.
Best Sector – Energy
Worst Sector –Consumer Staples
Winners
APN News & Media Ltd (APN) +$0.035, or (+7.1%) to $0.53
Ten Network Holdings Ltd (TEN) +$0.01, or (+5.6%) to $0.19
Santos Ltd (STO) +$0.25, or (+5.4%) to $4.9
FlexiGroup Ltd/Australia (FXL) +$0.13, or (+5.3%) to $2.59
Losers
Fairfax Media Ltd (FXJ) -$0.01, or (-1.1%) to $0.86
Veda Group Ltd (VED) -$0.03, or (-1.4%) to $2.08
Echo Entertainment Group Ltd (EGP) -$0.08, or (-1.7%) to $4.75
OzForex Group Ltd (OFX) -$0.11, or (-4.2%) to $2.48
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 16/09/2015. 4.30PM.
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