• A pool of blood was splattered all over the floor in the ASX200 today, the market closed 91 points lower (-1.7%) at 5,382, its biggest one day loss in 7 months!
• The trigger from today’s selloff was China devaluing its currency against the $US for the second time in 2 days – sending a wave of further global economic concerns, particularly with the commodity exposed countries.
• The news above overshadowed Commonwealth Bank’s (CBA) healthy earnings of ~$9.1bn, $2.22 fully franked dividend and a $5bn raising via rights issue.
• BHP Billiton (BHP shed 4.3% at $25.20 and Fortescue Metals (FMG) down 8% at $1.79 as volatility in the market rose.
Best Sector – Health Care
Worst Sector – Information Technology
Winners
Primary Health Care Ltd (PRY) +$0.19, or (+4.3%) to $4.64
JB Hi-Fi Ltd (JBH) -$1.58, or (-7.3%) to $20.96
Northern Star Resources Ltd (NST) +$0.07, or (+3.5%) to $2.05
Domino's Pizza Enterprises Ltd (DMP) +$1.23, or (+3.0%) to $42.3
Losers
carsales.com Ltd (CAR) -$0.69, or (-6.4%) to $10.08
FlexiGroup Ltd/Australia (FXL) -$0.17, or (-6.6%) to $2.4
Fortescue Metals Group Ltd (FMG) -$0.155, or (-8.0%) to $1.79
Computershare Ltd (CPU) -$1.09, or (-9.3%) to $10.61
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 12/08/2015. 4.23PM.
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The author holds an interest in the financial products of ANN, BEN, CBA, CGF, FMG, NAB, NST, SEK, VOC & WPL.
