Afternoon Report Monday 19 April 2014
The ASX200 was sold off today as global de-risking continues and a sea of red covers our screens.
Both the resource and banking sectors took significant hits, with BHP -1.7% at $37.43, RIO -3.0% at $60.10, FMG -4.6% at $4.37 (see this morning's report), CBA -1.0% at $79.56 and NAB -1.6% at $32.95. We continue to remain bearish at present.
Donaco International (DNA) traded well, closing +4.6% to $0.91 as it had a successful soft opening of their Aristo International Hotel (and Casino) in Vietnam.
Boart Longyear (BLY) closed -4.4% at $0.215 as the company warned of further headwinds with its business.
UGL Ltd (UGL) closed -9.7% at $6.86 after receiving only a single bid for their DTZ property services unit after a deadline for final offers passed.
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