Afternoon Report Wednesday 7 January 2015
• The ASX 200 began the day weak, trading as low as 5318, or -46 points in the morning; however it managed to close only 11 points lower at 5353 as some investors see these levels inexpensive. We remain bearish at present.• The energy sector continued its weakness, with Santos (STO) down 1.3% at $7.45 and Woodside Petroleum (WPL), down 0.9% at $36.14.• The Banking Sector ended the day mixed, with Commonwealth Bank (CBA) down 0.2% at $85.11, versus National Australia Bank (NAB) up 0.2% at $33.42.
Best Sector – Information TechnologyWorst Sector – Energy
Regis Resources Ltd (RRL) +$0.06, or (+3.0%) to $2.04Westfield Corp (WFD) +$0.21, or (+2.3%) to $9.46Charter Hall Group (CHC) +$0.03, or (+0.7%) to $4.54Shopping Centres (SCP) +$0.01, or (+0.5%) to $1.87
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