• The ASX 200 had a quiet, but reasonable day today, ending 20 points higher (+0.4%) at 5,707.
• Three of the Big Four Banks helped push the market steadily higher during the day, with Commonwealth Bank (CBA) the weakest link, finishing down 26c to $88.10. Meanwhile Australia New Zealand Bank (ANZ) rose 20c to $33.05, Westpac Bank (WBC) up 30c to $34.90 whilst National Australia Bank (NAB) was the slight winner on the day, up 33c (1.0%) to $34.77.
• Whilst Iron Ore was trading 1% higher in Asia, the major players ended lower – BHP finished 0.6% lower at $26.82 and RIO down 0.9% at $53.38.
• OZ Minerals (OZL) lost 1.6% at $3.75 after announcing a strong quarterly report as investors remain frustrated with OZL’s patience for its “hunt” for acquisition.
• Investors welcomed the quarterly production and full year production guidance in Oil Search (OSH), ending the day 3.9% higher at $7.22.
• The gold stocks that we’ve been following had a mixed day, even though the price of gold rose during its Asian session. Newcrest Mining (NCM) finished down 1.5% (18c) to $11.69, Oceanagold (OGC) was also weaker -18c (5.7%) to $2.64, whilst Northern Star (NST) was up 6c to $2.13.
Best Sector – Information Technology
Worst Sector – Materials
Winners
Macquarie Atlas Roads Group (MQA) +$0.17, or (+5.4%) to $3.31
FlexiGroup Ltd/Australia (FXL) +$0.12, or (+4.1%) to $3.04
Oil Search Ltd (OSH) +$0.27, or (+3.9%) to $7.22
Ansell Ltd (ANN) +$0.83, or (+3.3%) to $26.13
Losers
Paladin Energy Ltd (PDN) -$0.005, or (-2.2%) to $0.225
Arrium Ltd (ARI) -$0.005, or (-3.7%) to $0.13
Cabcharge Australia Ltd (CAB) -$0.24, or (-6.7%) to $3.35
Bradken Ltd (BKN) -$0.13, or (-9.7%) to $1.215
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 21/07/2015. 4.30PM.
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