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Australian Investment Blog

Afternoon Report 09/05/2014

Afternoon Report Friday 9 May 2014

The ASX200 was sold off early in the session, only to recover throughout the afternoon to close -15 points to 5,461.

ANZ closed -3.1% at $32.77, as expected, after trading ex-dividend today. CBA and NAB closed +37c & +23c higher to $79.46 and $34.37 respectively.

The highlight today was Envestra (ENV) closing +18%, or +20.5c to $1.335, after APA's bid for the Company was surprisingly countered by Hong Kong's Cheung Kong yesterday.

Watch out for our comprehensive Hickman Report tomorrow.

WinnersEnvestra (ENV) +18.1% to $1.335Leighton Holdings (LEI) +6.9% to $20.05Lynas Corp (LYC) +3.9% to $0.135ALS Ltd (ALQ) +3.3% to $7.88News Corp (NWS) +18.29% to $18.29

LosersArrium Ltd (ARI) -4.7% to $1.105Cover-More (CVO) -4.3% to $2.23Mermaid Marine (MRM) -4.0% to $2.18Ten Network (TEN) -3.6% to $0.265Skilled Group (SKE) -3.7% to $2.70


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