Afternoon Report Friday 9 January 2015
• The ASX 200 closed 84 points higher, or +1.6% at 5466, following the lead by the US last night.• The recent underperformed sectors rallied today, particularly with the Energy sector, with Santos (STO) +5.3% at $7.69 and Woodside Petroleum (WPL) up 3.0% at $37.05. However, they are still trading well near their lows.• Telstra (TLS) had a stellar day again, closing at its 14-year high, +0.5% at $6.07.• The Gold sector continues to shine, with Newcrest Mining (NCM) up 4.6% at $12.18 and Regis Resources (RRL) up 2.9% at $2.14.• The Banking Sector closed well, with the recent underperformers, ANZ and National Australia Bank (NAB), both up 1.5% at $32.39 and $34.23 respectively.• Disappointing Retail sales were ignored, reporting at 0.1% vs. consensus of 0.2%, with Myer (MYR) up 3.6% at $1.425.• Please watch out for the Hickman Report tomorrow.
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