- The ASX 200 played its usual game of weakening early in the session, to then trade in positive territory by lunch. From there it drifted and closed points or 0.5% higher at 5,071.
- The banking sector was quiet after earlier weakness when Commonwealth Bank (CBA) requested a trading halt to its shares prior to the market opened. It was reported that they have brought forward the retail book build by one day. It’s understood that 50% of shareholders didn’t take up their entitlement.
- National Australia Bank (NAB) managed to scrape into the black, up 1c to $30.34, while the remaining of the big four were slightly down. Australia New Zealand Bank (ANZ) down 13c to $27.52 and Westpac Bank (WBC) down 26c to 26.5c$26.5
- The miners were mixed with RIO Tinto (RIO) out shining the pack, up $0.73 (+1.4%) to $52.00. BHP Billiton (BHP) conversely was very quiet, drifting from positive to negative, then remaining negative later in the day, closing down 13c to $23.79.
- The oil stocks were sold down even though there was a pickup in the oil price over night. Woodside Petroleum (WPL) and Oil Search (OSH) were both down. WPL closed at $28.60 down 1.9% and OSH was down 1.6% $7.45.
Best Sector – IT
Worst Sector –Energy
Winners
Seven West Media Ltd (SWM) +$0.058, or (+8.5%) to $0.74
Syrah Resources Ltd (SYR) +$0.15, or (+5.5%) to $2.87
Pacific Brands Ltd (PBG) +$0.025, or (+3.7%) to $0.695
Flight Centre Travel Group Ltd (FLT) +$0.96, or (+2.7%) to $36.52
Losers
Orora Ltd (ORA) -$0.06, or (-2.6%) to $2.22
AWE Ltd (AWE) -$0.025, or (-3.7%) to $0.655
Ansell Ltd (ANN) -$0.94, or (-4.3%) to $20.82
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 09/09/2015. 4.30PM.Reports and other documents published on this website (‘Reports’) are authored by Market Matters. The MarketMatters Reports are based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.The Reports contain general, as opposed to personal, advice. That means they are prepared for multiple distribution without consideration of your investment objectives, financial situation and needs (‘Personal Circumstances’). Accordingly, any advice given is not a recommendation that a particular course of action is suitable for you and the advice is therefore not to be acted on as investment advice. You must assess whether or not any advice is appropriate for your Personal Circumstances before making any investment decisions. You can either make this assessment yourself, or if you require a personal recommendation, you can seek the assistance of a financial advisor.The Reports are published by MarketMatters in good faith based on the facts known to it at the time of their preparation and do not purport to contain all relevant information with respect to the financial products to which they relate. Although the Reports are based on information obtained from sources believed to be reliable, Market Matters does not make any representation or warranty that they are accurate, complete or up to date and Market Matters accepts no obligation to correct or update the information or opinions in the Reports.If you rely on a Report, you do so at your own risk. Any projections are estimates only and may not be realised in the future. Except to the extent that liability under any law cannot be excluded, Market Matters disclaims liability for all loss or damage arising as a result of any opinion, advice, recommendation, representation or information expressly or impliedly published in or in relation to this report notwithstanding any error or omission including negligence.The author holds an interest in the financial products of ANN, ANZ, BEN, CBA, SEK, VOC,CGF and WPL.
