• A weak and choppy session today in the ASX 200, opening on its highs of 5,700 and reach its day’s low of 5,640 before ending the day 23 points lower (-0.4%) at 5,674.
• The Banking sector was the weakest link, with Commonwealth Bank (CBA) down 0.8% at $87.37 and Westpac (WBC) down 0.8% at $34.49.
• The Iron Ore sector outperformed the broader market today; BHP Billiton (BHP) rallied 2.2% at $26.49, while Fortescue Metals (FMG) closed 6.2% at $1.89 after trading as high as $1.95 after overnight reports of a Chinese company approaching FMG with regards to taking a stake in the infrastructure assets. This was later washed down in the afternoon with FMG affirming it has yet to be approached by anyone, but is open for discussion.
• Genworth Mortgage (GMA) had a great morning trading on its highs of $3.74 after investors welcomed its first half 2015 yearly report surprising all with a dividend of 12.5c a share and a special dividend of 18.5c a share. The performance of GMA was short lived by the close of market ending unchanged at $3.51.
• In the Energy sector, Origin Energy (ORG) lost 3.6% at $10.61 after announcing a one-off charge of ~$270m after its exit from its stake in Contact Energy (CEN) from New Zealand.
Best Sector – Materials
Worst Sector –Energy
Winners
UGL Ltd (UGL) +$0.11, or (+6.3%) to $1.86
Fortescue Metals Group Ltd (FMG) +$0.11, or (+6.2%) to $1.885
Sirius Resources NL (SIR) +$0.12, or (+4.4%) to $2.83
BHP Billiton Ltd (BHP) +$0.59, or (+2.3%) to $26.49
Losers
Origin Energy Ltd (ORG) -$0.4, or (-3.6%) to $10.61
James Hardie Industries PLC (JHX) -$0.76, or (-3.9%) to $18.72
Mesoblast Ltd (MSB) -$0.16, or (-4.0%) to $3.82
G8 Education Ltd (GEM) -$0.14, or (-4.2%) to $3.23
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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