- The ASX 200 was up across the board today, finishing on its high at 5,211, up 106 points (+2.1%).
- The banking sector performed very strongly today. Australia New Zealand (ANZ) was up 3.7% to $28.54, Commonwealth Bank (CBA) up 3.4% to $76.72 and National Australia Bank (NAB) +3.5% to $31.27, whilst Westpac Bank (WBC) was the shining star, up 4.2% to $31.81.
- The miners too, were well bought, despite BHP Billiton (BHP) Ex. Dividend today (85.71c), BHP finished down just -5c to $24.65. RIO Tinto (RIO) closed +$1.28 (2.6%) to $51.51. Fortescue Metals (FMG) pushed up strongly during the day to a high of $2.15, however only managed to finish 8c higher (+4.1%) to $2.04.
- The Australian dollar (A$) was strong, which obviously added to the strength in our market. The A$ rose back above US70c and is currently a little off its intraday high at US70.54c.
Best Sector – Financials
Worst Sector – Utilities
Winners
Santos Ltd (STO) +$0.24, or (+5.4%) to $4.67
Super Retail Group Ltd (SUL) +$0.45, or (+5.3%) to $8.96
TPG Telecom Ltd (TPM) +$0.49, or (+5.2%) to $9.95
Magellan Financial Group Ltd (MFG) +$0.94, or (+5.1%) to $19.4
Losers
BWP Trust (BWP) -$0.03, or (-1.0%) to $3.11
Regis Resources Ltd (RRL) -$0.02, or (-1.3%) to $1.515
Retail Food Group Ltd (RFG) -$0.07, or (-1.6%) to $4.42
FlexiGroup Ltd/Australia (FXL) -$0.05, or (-1.9%) to $2.55
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The author holds an interest in the financial products of ANN, ANZ, BEN, CBA, SEK, VOC,CGF and WPL.
