Afternoon Report Tuesday 30 September 2014
The ASX 200 closed 29 points higher at 5,293 on the last day of the month and quarter, ignoring the weakness from the Asian region, particularly with the Hong Kong Futures currently trading off 349 points at 22,875.
The strength was seen late in the session, predominantly pushed by the banking sector, with Commonwealth Bank (CBA) closing 86c higher at $75.29 and National Australia Bank (NAB) up 47c at $32.54.
Recall Holdings closed 58c higher at $5.60 despite responding to media speculation and confirming it is not involved in a potential acquisition of Recall by New York listed company, Iron Mountain.
Best Sector – Information TechnologyWorst Sector – Consumer Staples
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