Afternoon Report Thursday 23rd April 2015
The ASX 200 had a relatively quiet time following a strong lead from overseas markets. The index finished the day’s session 7.5 points higher (+0.13%) at 5845 after trading as high as 5849.
RIO Tinto (RIO), BHP Billiton (BHP), and Fortescue (FMG) all opened strongly after the Iron Ore price rose 6% to $54.04. BHP finished the day $31.06 +79c (2.61%), RIO $56.30 +$1.10 (1.99%) and FMG $2.09 +18.5c (9.70%)
Conversely the Banking Sector continued its weakness with ANZ down 23c $35.26 (0.65%), CBA down 40c $90.72 (0.44%), NAB down 27c $37.84 (0.44%) and WBC down 11c $38.18 (0.29%).
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