• A good start to the weak was witnessed in the ASX200 today, ending just off its day’s highs, up 34 points (+0.6%) at 5,505.
• The Banking sector contributed to today’s performance, clawing some of its losses from last week. National Australia Bank (NAB) rallied 1.5% at $33.32, while Commonwealth Bank (CBA) closed 1% higher at $82.20 – earlier this morning; CBA noted it will comment on capital requirements when it releases its Annual Results this Wednesday.
• Investors welcomed JB Hi-Fi’s (JBH) FY15 annual result, by rallying 10.6% higher at $21.69 after reporting its net profit in the top end of its guidance.
• Ansell (ANN) however, disappointed and ended 16% lower at $20.84 with currency moves being the culprit of its earnings. ANN today had its biggest one day fall in 28 years after losing ~18% at one stage.
• G8 Education (GEM) lost 1.3% at $3.09 after reporting its earnings just shy of analysts’ estimates. GEM is currently at play in the bid for rival group Affinity Education (AFJ).
• Bendigo Bank (BEN) lifted its profit; however it was below analysts’ consensus, losing 2.6% at $12.63 in trade today.
Best Sector – Utilities
Worst Sector – Health Care
Winners
JB Hi-Fi Ltd (JBH) +$2.08, or (+10.6%) to $21.69
Regis Resources Ltd (RRL) +$0.075, or (+5.9%) to $1.355
FlexiGroup Ltd/Australia (FXL) +$0.17, or (+5.7%) to $3.13
Myer Holdings Ltd (MYR) +$0.055, or (+4.1%) to $1.405
Losers
Bendigo & Adelaide Bank Ltd (BEN) -$0.34, or (-2.6%) to $12.63
Nine Entertainment Co Holdings (NEC) -$0.04, or (-2.8%) to $1.4
OZ Minerals Ltd (OZL) -$0.11, or (-3.0%) to $3.57
Ansell Ltd (ANN) -$3.91, or (-15.8%) to $20.84
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 05/08/2015. 4.30PM.
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The author holds an interest in the financial products of ANN, CBA, CGF, FMG, NST, RRL, SEK, VOC & WPL.
