Afternoon Report Friday 11 July 2014
The ASX 200 closed firmly, up 22 points despite the weakness seen in the European region overnight.
The banking sector had a stellar close, with CBA closing up 0.5% to $81.23 and National Australia Bank (NAB) up 0.8% to $33.67.
Syrah Resources (SYR) resumed trading today, closing up another 9.1% to $5.99.
This unusual rally still leaves us bearish at present with the US and European Indices – Please watch out for the Hickman Report tomorrow.
WinnersQantas Airways (QAN) +6.6% to $1.285Evolution Mining (EVN) +5.5% to $0.87Mineral Resources (MIN) +5.1% to $10.59Orica (ORI) +2.6% to $20.95Northern Star (NST) +2.5% to $1.62
LosersFairfax Meida (FXJ) -4.8% to $0.895Mesoblast (MSB) -3.4% to $4.32Western Areas (WSA) -2.8% to $4.96Magellan (MFG) -2.6% to $11.21Reject Shop (TRS) -2.6% to $9.50
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