Afternoon Report Tuesday 26 August 2014
Today, we acquired a stock for Hickman's Portfolio as per live alerts to subscribers – this was overall very much in line with our thoughts in today’s morning report.
It was a choppy day, with the ASX200 closing on 3 points higher at 5,638, with the banking sector trying to hold the market above water.
M2 Group (MTU) had a sensational run, touching all-time highs at $7.29 before closing up 40c at $7.23. We still hold this position in our Hickman’s portfolio. Please see this week’s Market Matters video update.
The Iron Ore sector continues its losing streak, with BHP Billiton (BHP) closing down 3c at $37.22, Fortescue Metals (FMG) down 6c at $4.28 & Rio Tinto (RIO) down 43c at $64.11. We remain traders of this sector rather than investors.
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