- Investors were pleased to see the ASX200 rally 1.5% higher today to 5380, led both by the banks and miners.
- Commonwealth Bank (CBA) clawed back some of its losses, rallying 1.8% to $78.27, while Westpac (WBC) was the strongest link, up 3.3% at $32.71.
- As mentioned this morning, the oil sector looks appetising – Woodside (WPL) rallied 2.5% to 32.86.
- Seek (SEK) lost 11% to $12.27 despite reporting a 20% increase in revenue for the 2015 financial year.
- We even saw a small pick up in the miners with BHP Billiton (BHP) up just 18c to $25.16 and RIO Tinto (RIO) just keeping its head above water, up 6c to $50.65.
- In China, the Shanghai Index continued its weakness from yesterday and was at one stage down over 5%. It has recovered, and at the time of writing is down 1.3%.
Best Sector – Energy
Worst Sector – Consumer Disc.
Winners
Treasury Wine Estates Ltd (TWE) +$0.74, or (+13.4%) to $6.25
Whitehaven Coal Ltd (WHC) +$0.14, or (+12.7%) to $1.245
Origin Energy Ltd (ORG) +$0.5, or (+5.3%) to $9.89
Westpac Banking Corp (WBC) +$1.05, or (+3.3%) to $32.71
Losers
Slater & Gordon Ltd (SGH) -$0.1, or (-3.2%) to $3.06
Myer Holdings Ltd (MYR) -$0.055, or (-4.1%) to $1.28
Pacific Brands Ltd (PBG) -$0.025, or (-6.0%) to $0.395
Seek Ltd (SEK) -$1.51, or (-11.0%) to $12.27
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 19/08/2015. 4.30PM.
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