Australian Investment Blog

The ASX 200 followed on from yesterday’s selloff. The index finished down 134 points (2.30%) to 5692.

The Banking Sector continued to be the major loser with the index down 218 points (3.25%) to 6488. Commonwealth Bank (CBA) was the worst of the four down $5.16 (5.85%) to $82.98

The resources held well given the weak sentiment in the market. BHP Billiton (BHP) was down 21c (0.64%) to $32.35 and RIO Tinto (RIO) was down just 36c (0.61%) to $59.12.

Best Sector – EnergyWorst Sector – Financials

WinnersFortescue Metals Group Ltd (FMG) +$0.12, or (+4.9%) to $2.58Santos Ltd (STO) +$0.34, or (+3.9%) to $9.1TPG Telecom Ltd (TPM) +$0.37, or (+4.2%) to $9.16Alumina Ltd (AWC) +$0.07, or (+4.1%) to $1.77