Afternoon Report Wednesday 2 April 2014
The ASX 200 showed strength early, as anticipated given offshore leads, however, choppy and aggressive trading throughout the session saw the market close just above the 5400 level.
Resources were the major backbone of the market today with BHP closing +32c and RIO +25. Banks dragged on the market with CBA closing -18c and NAB -14c.
Crown Resorts (CWN) was the standout of the day, closing +2.9% (see Stand Out of the Week) whilst the market punished Goodman Fielder some -22% after announcing a profit warning (see previous Morning Report).
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WinnersPanaust Ltd (PNA) +8.1% to $1.675Evolution Mining (EVN) +5.5% to $0.86OZ Minerals (OZL) +3.9% to $3.77Twenty-First Fox (FOX) +3.4% to $34.55Paladin Energy (PDN) +3.4% to $0.455
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