- A total reverse of yesterday was witnessed in the ASX 200 today, having opened strong and on its highs early in the morning, investors seemed to have lightened their positions and took risk off the table as the markets in China began their long weekend.
- The Banking sector was damaged in this volatile market; Commonwealth Bank lost 2.3% to $71.97 and National Australia Bank (NAB) down 2.5% to $29.93.
- Fortescue Metals (FMG) was the diamond in the Iron Ore Rough, having rallied 1.9% to $1.89, while BHP closed 1.3% lower at $24.32.
- Mergers and Acquisitions remain to be present in the Aussie market, with speculation that Woodside Petroleum (WPL) is looking to make a $10.2b play and merge with OilSearch (OSH). WPL closed 2.1% lower at $30.46, while OSH ended 3.6% higher at $6.89.
Best Sector – IT
Worst Sector – Consumer Discretionary
Winners
Monadelphous Group Ltd (MND) +$0.29, or (+4.1%) to $7.36
Virtus Health Ltd (VRT) +$0.18, or (+3.6%) to $5.15
Oil Search Ltd (OSH) +$0.24, or (+3.6%) to $6.89
Fortescue Metals Group Ltd (FMG) +$0.055, or (+3.0%) to $1.89
Losers
M2 Group Ltd (MTU) -$0.47, or (-5.3%) to $8.32
Seven Group Holdings Ltd (SVW) -$0.04, or (-0.8%) to $4.93
Slater & Gordon Ltd (SGH) -$0.25, or (-8.1%) to $2.85
Myer Holdings Ltd (MYR) -$0.233, or (-20.6%) to $0.90
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 03/09/2015. 4.30PM.
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