Australian Investment Blog

• The ASX 200 clawed back some of yesterday’s losses, ending up 1.4% at 5281.• The recently battered resources sector was well bid today, with Oil Search (OSH) up 5.6% at $7.70, Regis Resources (RRL) up 7.8% at $1.39 and BHP Billiton (BHP) up 3.9% at $30.40.• The Reserve Bank of Australia (RBA) left rates unchanged at 2.5% for December, as expected, with the RBA Governor, Glenn Stevens reiterating the need for a lower $A. As we digest the comments today, the likelihood for a rate cut in 2015 would be seen if further weakness in our domestic economic data is seen.• Crown (CWN) closed 0.8% lower after reports of a decline in November’s gambling revenue by ~20%.• Metcash (MTS) has been hit hard recently, down 27.2% for the week at $1.90 after reporting a disappointing 1H15 profit result.• Japara Heath Care (JHC) slumped by 9.8% to $2.02 after announcing a payroll error, where early estimates of the unpaid amount was ~$5m. JHC has not reached this level since its IPO float earlier in April this year.