• A choppy session was witnessed today in the ASX 200, ending 33 points higher (+0.6%) at 5,669 with a range of 47 points.
• With our Resource rich brethren, Canada reducing its interest rate to 0.5% overnight, there would be no surprise if we saw global investors switching from Canada into Australia with a current interest rate of 2%.
• The Banking sector again did the heavy lifting - National Australia Bank (NAB) rallied 1.6% at $34.32 and Westpac (WBC) up 1.9% at $34.63.
• QBE Insurance rose 2% at $14.67 after investors welcomed their announcement of selling its North American mortgage and lending business for ~$90m.
Best Sector – Telco
Worst Sector – Health Care
Winners
G8 Education Ltd (GEM) +$0.16, or (+4.8%) to $3.46
Vocus Communications Ltd (VOC) +$0.16, or (+3.0%) to $5.56
Mirvac Group (MGR) +$0.045, or (+2.4%) to $1.945
Transfield Services Ltd (TSE) +$0.03, or (+2.2%) to $1.39
Losers
WorleyParsons Ltd (WOR) -$0.26, or (-2.6%) to $9.79
Sonic Healthcare Ltd (SHL) -$1.14, or (-4.8%) to $22.46
Whitehaven Coal Ltd (WHC) -$0.08, or (-6.4%) to $1.165
Primary Health Care Ltd (PRY) -$0.42, or (-8.1%) to $4.77
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 16/07/2015. 4.30PM.
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