Afternoon Report Friday 25 July 2014
The ASX 200 closed 4 points lower with the financial sector outperforming the market today.
CBA closed 27c higher to $82.28 and Suncorp (SUN) up 15c to $14.19.
The consumer staples sector closed weak for the day, with Wesfarmers (WES) closing down 45c to $43.28 and Woolworths (WOW) down 22c to $36.00. Technically, I remain bearish WES targeting sub $40.00.
Xero Ltd (XRO) closed higher for the week as reports of XRO looking to list in the US was a positive sign to its investors.
GUD Holdings (GUD) lost 8.1% today to $6.60 after reporting a 44% FY14 loss.
Best Sector – FinancialsWorst Sector – Consumer Staples
WinnersSkilled Group (SKE) +4.5% to $2.56Leighton (LEI) +3.8% to $22.65Mermaid Marine (MRM) +2.8% to $2.05Shopping Centres (SCP) +2.6% to $1.81Qantas (QAN) +2.0% to $1.31
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