Afternoon Report Wednesday 22nd April 2015
• The ASX 200 had descended, ending 35 points (-0.6%) lower to 5838, driven by the inflation data reported this morning – in line with expectations.• The banking sector underperformed as the December Bank Bills are now factoring a possibility of no interest rate cut at all for the year. Commonwealth Bank (CBA) closed 66c lower (-0.7%) at $91.12.• High yielding, defensive stocks, such as Telstra (TLS) closed 6c higher (+1%) to $6.25• Fortescue Metals (FMG) rallied 1.9% at $1.90.5 despite S&P lowering its credit rating due to Iron Ore downturn.
Best Sector – Telecommunication ServicesWorst Sector – Energy
Winners Ainsworth Game Technology Ltd (AGI) +$0.07, or (+2.7%) to $2.67WorleyParsons Ltd (WOR) +$0.28, or (+2.6%) to $10.98Bradken Ltd (BKN) +$0.05, or (+2.3%) to $2.18Fortescue Metals Group Ltd (FMG) +$0.035, or (+1.9%) to $1.905 Losers Challenger Ltd/Australia (CGF) -$0.19, or (-2.6%) to $6.99Macquarie Atlas Roads Group (MQA) -$0.09, or (-2.5%) to $3.52Origin Energy Ltd (ORG) -$0.3, or (-2.4%) to $12.26Dexus Property Group (DXS) -$0.18, or (-2.4%) to $7.37
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