Australian Investment Blog

• The ASX 200 was decimated today, finishing the day down 64 points (1.2%) to 5610 after the Australia New Zealand Bank (ANZ) announced a A$3bn capital raising.
• The Banking Sector, as you would imagine, was hit hard. Commonwealth Bank (CBA) closed down $2.82 (3.3%) to $84.55, National Australia Bank closed down 75c (2.2%) to $33.59 and Westpac (WBC) closed down $1.05 (3.0%) to $33.44.
• The ANZ’s tune seems to have changed given they blasted the market back in May for concentrating too much on capital raisings. Today they were the last to announce a capital raising of $2.5bn through institutions and $500m from retail investors. ANZ was in a trading halt today until this issue is completed.
• The mining sector tried hard to compensate, but it was a losing battle. BHP Billiton (BHP) finished up 20c to $26.69 and RIO Tinto (RIO) finished up 57c to $53.55. Fortescue Metals (FMG) had a quiet but up day finishing up 3c to 41.91 as the iron ore price continued to improve.

Best Sector – Information Technology
Worst Sector –Energy

Winners
OzForex Group Ltd (OFX) +$0.28, or (+12.4%) to $2.54
Regis Resources Ltd (RRL) +$0.04, or (+3.1%) to $1.325
Newcrest Mining Ltd (NCM) +$0.28, or (+2.6%) to $11.26
Northern Star Resources Ltd (NST) +$0.05, or (+2.5%) to $2.05

Losers
Slater & Gordon Ltd (SGH) -$0.10, or (-3.1%) to $3.17
Commonwealth Bank of Australia (CBA) -$2.82, or (-3.2%) to $84.55
UGL Ltd (UGL) -$0.105, or (-5.6%) to $1.755
Downer EDI Ltd (DOW) -$0.52, or (-11.4%) to $4.06

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 6/08/2015. 4.30PM.

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The author holds an interest in the financial products of ANN, BEN, CBA, FMG, NST, RRL, SEK, VOC and WPL.