Afternoon Report 13 November 2014
The ASX 200 closed 20 points lower at 5,443, its fourth straight day in negative territory.
The banking sector continued its weakness, with Westpac (WBC) being the weakest link; ending 1.1% lower at $32.96 after CEO, Gail Kelly announced her retirement from her reign by February 2015.
Citadel (CGL) debuted today, unchanged from its IPO float price of $2.25.
Arrium (ARI) ended the day down 3.5% to $0.28 and down 41.7% from its recent underwritten share placement. How much further will this go?
Seek Ltd (SEK) had a positive day, up 1.8% at $17.14 after releasing the quarterly earnings of its subsidiary, Zhaopin Ltd.
Best Sector – MaterialsWorst Sector – Energy
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