- The ASX 200 managed to move into the black from the get go and generally remained that way, before getting stronger towards the end of the day. The market finished up 85 points (+1.7%) to 5,115.
- The energy sector showed the way as expected this morning, with the announcement that Woodside Petroleum (WPL) made a takeover bid for Oil Search (OSH). WPL has offered 0.25 shares for every OSH share. Subscribers received a live trading alert on accumulating an energy stock today.
- The banks were also widely sought after, with the banking index up 2.0%. Australia New Zealand Bank (ANZ) closed up 83c (+3.1%) to $27.53, Commonwealth Bank (CBA) closed up $1.85 (+2.6%) to $74.17, National Australia Bank (NAB) was up 59c (+2%) to $30.20 and Westpac (WBC) closed up 72c (2.4%) to $30.52.
Best Sector – Energy
Worst Sector –Healthcare
Winners
Oil Search Ltd (OSH) +$1.17, or (+17.4%) to $7.9
AWE Ltd (AWE) +$0.055, or (+8.3%) to $0.72
UGL Ltd (UGL) +$0.125, or (+6.8%) to $1.97
South32 Ltd (S32) +$0.085, or (+5.5%) to $1.64
Losers
Echo Entertainment Group Ltd (EGP) -$0.02, or (-0.4%) to $4.81
Dick Smith Holdings Ltd (DSH) -$0.02, or (-1.5%) to $1.335
Myer Holdings Ltd (MYR) -$0.02, or (-2.2%) to $0.91
Woodside Petroleum Ltd (WPL) -$0.92, or (-3.0%) to $29.66
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