Afternoon Report Thursday 22 January 2015
• It was a choppy session in the ASX 200 today, starting off in its day highs at 5432, only to fade in the afternoon and close on 26 points higher at 5420. As investors wait for further anticipated stimulus package by the ECB.• The yielding stocks continue to prosper during the current times of uncertainty, Westpac (WBC) ended up 1.4% at $33.86 and Telstra (TLS) at $6.27.• The major resources sector outperformed the broader market, with BHP Billiton (BHP) up 2.9% at $28.85 and RIO Tinto (RIO) up 2.6% at $56.50 due to Bank of Canada unexpectedly slashing its rates overnight.• Virgin Australia (VAH) closed 2.2% higher at 47c as investors embraced its stance on reducing its fares to Los Angeles due to the ever falling cost of oil. Will this be a positive flow to Sydney Airports (SYD)?
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