Afternoon Report Monday 18 August 2014
It was a fairly quiet session today, with the ASX 200 closing only 21 points higher at 5,587. Noticeably the value traded was disappointingly 16% below the average.
Ansell Ltd (ANN) was the standout from the companies that reported today, closing up 82c to $19.81. We remain shareholders of ANN, please see the recent Hickman Report for our technical targets and stop loss with ANN.
Aurizon Holding (AZJ) closed 15c lower, at $4.88 after reporting its anticipated weak earnings, but warned industrial action could obstruct attempts to new enterprise agreements with its staff. Technically, AZJ appears short term bearish.
James Hardie (JHX) closed 43c higher to $13.42. As mentioned in this morning report, we are keen buyers of JHX on its current pullback. See this morning report for further information.
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