Afternoon Report Monday 15 September 2014
The ASX 200 followed the weak lead from the US equity markets, closing down 58 points at 5474.
The banking sector dragged the ASX200 lower again, with Commonwealth Bank (CBA) closing $1.31 weaker to $78.92.
With the $A trading lower, it was expected that the resources sector would not be the weakest link, with BHP Billiton (BHP)closing only 15c lower to $35.64. and RIO Tinto (RIO) down 23c at $61.66.
Our most preferred stock exposure to chase the relevant strength in the US economy, Macquarie Group (MQG) closed 60c higher at $58.55 vs. QBE Insurance (QBE) down 21c at $12.12. See this morning's report.
Best Sector – Health CareWorst Sector – Financials
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