Afternoon Report Tuesday 15 April 2014
The ASX200 was unable to follow on from the strength in the US, reversing early gains to close only +29 points higher at 5,388 points.
The retreat came from the broad market with WBC trading as high as +1.1% or +38c, only to close +0.6% or +22c to $34.37.
Most notably, the gold sector had a lacklustre performance, with Newcrest Mining (NCM) closing -30c or -2.8% at $10.40.
Please see the Market Matters video update on “Market Weakness”
Magellan Financial (MFG) +6.2% to $12.08Panaust Ltd (PNA) +6.0% to $1.675Paladin Energy (PDN) +4.5% to $0.465Breville Group (BRG) +3.8% to $8.95Independence Group (IGO) +3.8% to $4.13
LosersM2 Group (MTU) -4.2% to $5.31Echo Entertainment (EGP) -4.0% to $2.65Ten Network (TEN) -3.9% to $0.25Beadell Resources (BDR) -3.7% to $0.65Regis Resources (RRL) -3.5% to $2.45
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