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Australian Investment Blog

Afternoon Report 23/07/2015

Afternoon Report Thursday 23 July 2015

• It was a dull session as expected in the ASX 200 today, ending only 24 points lower (-0.4%) at 5,590.

• The Banking sector closed lower, with the weakest link, ANZ down 1.2% at $32.15 and Westpac closed 0.3% lower at $34.26

• Macquarie Group (MQG) rallied 0.4% at $84.81, hitting its year’s highs after increasing its full year guidance.

• The Iron Ore sectors remains battered and bruised, BHP’s spinoff, South 32 (S32) lost 3.4% at $1.725, while Fortescue Metals (FMG) closed 6% lower at $1.645 after releasing its quarterly report.

• The Gold sector is trying to return its lustre, with Newcrest (NCM) up 2.7% at $11.84, Regis Resources (RRL) up 0.8% at $1.35 and Northern Star (NST) up 4.3% at $2.19.

Best Sector – Consumer Discretionary
Worst Sector – Materials

Winners
Northern Star Resources Ltd (NST) +$0.09, or (+4.3%) to $2.19
OzForex Group Ltd (OFX) +$0.07, or (+3.3%) to $2.18
Newcrest Mining Ltd (NCM) +$0.31, or (+2.7%) to $11.84
Qantas Airways Ltd (QAN) +$0.1, or (+2.7%) to $3.75
Losers
JB Hi-Fi Ltd (JBH) -$0.57, or (-2.7%) to $20.34
BHP Billiton Ltd (BHP) -$0.77, or (-2.9%) to $25.5
Metcash Ltd (MTS) -$0.04, or (-3.6%) to $1.06
Fortescue Metals Group Ltd (FMG) -$0.105, or (-6.0%) to $1.645

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 23/07/2015. 4.30PM.
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