Afternoon Report Thursday 30th April 2015
The ASX 200 was again under a lot of selling pressure from the futures market (SPI) this morning, which abated around lunchtime. The ASX 200 index finished the day down 44 points ( 0.83 %) to 5,790 after a low of 5,750
The selling pressure was again on yield stocks, with the Banking Sector hit the hardest. Aust. New Zealand Bank (ANZ) down 76 c (0.89%) to $33.99, Commonwealth Bank down $1.70 (1.88%) to $88.87, National Aust. Bank down 69c (1.84%) to $36.77 and Westpac Bank (WBC) down 94c ($2.51%) to $36.46.
After a better than expected update from Wesfarmers (WES) the Consumer Staples Sector was 115 point (1.25%) to 9,318, with WES up 71c (1.65%) and Woolworths up 26c (0.89%) to $29.48.
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