Afternoon Report Tuesday 13 January 2015
• The ASX 200 closed 18 points weaker at 5404, as the Energy sector continues to be the main influence of this bearish tone. • The defensives and yielding stock continue to outperform the broader market recently, with Telstra (TLS) up 1.1% at $6.11 and our ever shining, precious metal company, Newcrest Mining (NCM) up 3.8% at $12.95.• The Resources sector was expectedly battered today, with BHP Billiton down 1.9% at $27.97, Fortescue Metals (FMG) -5.2% at $2.55 and Oil Search (OSH) down 2.2% at $7.14.• Alumina (AWC) however, closed 4.2% higher at $1.965 after its parent company, Alcoa (AA.US) reported a better than expected earnings this morning.
Best Sector – TelecommunicationsWorst Sector – Energy
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