Afternoon Report Wednesday 17 December 2014
• The ASX 200 finally broke its recent weak spell, ending 10 points higher, or +0.2% at 5162.• The energy sector outperformed the broader market as recently predicted, with Santos (STO) ending up 4.3% at $7.58 and Woodside (WPL) up 3.0% at $35.50. As sent live to Subscribers, we took profit on Hickman’s Long WPL Option calls. • Flight Centre (FLT) fell $1.59, or -4.3% at $35.04 as the $A collapsed through US82c to US81.5c. Investors expect less outbound travel from Australia with a lower $A.• The Telecommunications Sector had plenty of Mergers & Acquisitions (M&A) activity, with Vocus (VOC) in a deal with Amcom (AMM) to buy the remaining 90% it does not own. Telstra (TLS) have also been in talks to potentially acquire Cable operator, Pacnet. VOC ended 0.5% lower at $5.71; AMM +0.4% at $2.36 & TLS up 0.7% at $5.76.
Show more...
