Afternoon Report Wednesday 11 March 2015
• The ASX 200 closed relatively well compared its US and European counterparts overnight, ending the day down 31 points (-0.5%) at 5793 after trading as low as 5748 earlier this morning.• The early rally from today’s low was driven by comments made by a senior RBA official suggesting rates could be cut again.• Both the banking and resources sector contributed to the weakness today. National Australia Bank closed down 0.5% at $37.56 and BHP Billiton (BHP) down 5% at $30.33 (trading ex-dividend).• Today, Subscribers received a live trading alert with the transactions made in the ‘Telco’ sector, please keep an eye out on further alerts for any opportunities that could be seen during the day.
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