Afternoon Report Friday 6 February 2015
• The ASX 200 closed 9 points higher at 5820, marking its 12th consecutive day into positive territory.• The high yielding stocks had a breather after its recent rally. Commonwealth Bank (CBA) closed 29c lower, or -0.3% at $92.98 and Telstra (TLS) down 8c, or -1.2% at $6.59, however it was up 4.1% and 1.4% for the week.• The USD exposed stocks rallied well, e.g. Magellan (MFG) up 0.9% at %19.96, Macquarie (MQG) up 1.8% at $66.60.• The Gold sector underperformed the broader market, as investor took risk off the table, particularly in the safe haven asset. Newcrest (NCM) closed 16c lower, or -1.1% at $14.23.• OZ Forex (OFX) sold off, down 5.3% at $2.32 after it announced that the CEO has resigned and will step down once a they find a successor.• Watchout for the Hickman Report tomorrow.
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