Afternoon Report Monday 12 January 2015
• The ASX 200 started the week in a negative tone, ending the day down 43 points, or -0.8% at 5423.• The sea of red was contributed both by the banking and resource sector, with National Australia Bank (NAB) down -0.9% at $33.92 and Fortescue Metals (FMG) down 3.2% at $2.69.• There were some diamonds in the rough, with Newcrest Mining (NCM) continuing its strength, up 2.5% at $12.48 and JB Hi-Fi (JBH) up 2.1% at $16.25.• The Energy sector continues to lose its steam, with Santos (STO) down 5.2% at $7.29, BHP Billiton (BHP) down 2.2% at $28.51 and Woodside Petroleum (WPL) down 1.9% at $36.35.• Cardno Ltd (CDD) was one of the underperformers today, down 15.5% at $2.90 after it announced CEO, Michael Renshaw has stepped down.
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