Afternoon Report Thursday 25 June 2015
• The broader market in Australia broke its 4-day winning streak, the ASX 200 lost 54 points (-1%) at 5,632 on the second last trading day of the Financial Year.• A choppy session was seen across board, particularly in the Banking sector. Commonwealth Bank (CBA) closed 0.1% higher at $87.29, whilst the remaining 3 of the ‘big 4’ lost ground e.g. Westpac (WBC) lost 1.1% at $33.31.• Law firm, Slater & Gordon (SGH) took another hit today, down 17.5% $5.06. ~$333m has been wiped off SGH so far this week! We have no interest at all in this company at present.
Best Sector – Financials Worst Sector – Information Technology
Winners Echo Entertainment Group Ltd (EGP) +$0.03, or (+0.7%) to $4.48QBE Insurance Group Ltd (QBE) +$0.06, or (+0.4%) to $14.21Vocus Communications Ltd (VOC) +$0.011, or (+0.2%) to $5.77Commonwealth Bank of Australia (CBA) +$0.1, or (+0.1%) to $87.29Losers Metcash Ltd (MTS) -$0.03, or (-2.6%) to $1.13Fortescue Metals Group Ltd (FMG) -$0.08, or (-3.6%) to $2.12OZ Minerals Ltd (OZL) -$0.23, or (-5.1%) to $4.28Slater & Gordon Ltd (SGH) -$1.07, or (-17.5%) to $5.06
Show more...
