- The ASX200 had a choppy session today, trading as high as 4,821 earlier in the day, only to end its day off its lows, down 56 points (-1.2%) to 4,765. The broader market finished the week down 4.2%.
- Banks contributed much of the broader selloff, with Westpac (WBC) being the dragger, ending its day down $0.73 (-2.5%) at $28.06.
- RIO surprised most, ending its day 1.3% lower to $40.47, despite being 3.4% lower in London trade.
- Oil rallied in Asia, currently up 5.2% to US$27.56/bbl, following comments earlier this morning. It will be interesting to see if the reports have proved correctly.
* Please watch out for the weekend report
Best Sector –Telcos
Worst Sector – Financials
Winners
BlueScope Steel Ltd (BSL) +$0.62, or (+14.2%) to $5.00
Santos Ltd (STO) +$0.11, or (+3.6%) to $3.16
Suncorp Group Ltd (SUN) +$0.36, or (+3.4%) to $11.06
ASX Ltd (ASX) +$0.79, or (+2.0%) to $40.32
Losers
WorleyParsons Ltd (WOR) -$0.14, or (-4.3%) to $3.15
Fortescue Metals Group Ltd (FMG) -$0.08, or (-4.7%) to $1.62
Incitec Pivot Ltd (IPL) -$0.15, or (-5.2%) to $2.72
ALS Ltd (ALQ) -$0.20, or (-5.9%) to $3.20
All figures contained from sources believed to be accurate. MarketMatters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 12/02/2016. 4.34PM.
Reports and other documents published on this website (‘Reports’) are authored by Market Matters. The MarketMatters Reports are based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.
The Reports contain general, as opposed to personal, advice. That means they are prepared for multiple distribution without consideration of your investment objectives, financial situation and needs (‘Personal Circumstances’). Accordingly, any advice given is not a recommendation that a particular course of action is suitable for you and the advice is therefore not to be acted on as investment advice. You must assess whether or not any advice is appropriate for your Personal Circumstances before making any investment decisions. You can either make this assessment yourself, or if you require a personal recommendation, you can seek the assistance of a financial advisor.
The Reports are published by MarketMatters in good faith based on the facts known to it at the time of their preparation and do not purport to contain all relevant information with respect to the financial products to which they relate. Although the Reports are based on information obtained from sources believed to be reliable, Market Matters does not make any representation or warranty that they are accurate, complete or up to date and Market Matters accepts no obligation to correct or update the information or opinions in the Reports.
If you rely on a Report, you do so at your own risk. Any projections are estimates only and may not be realised in the future. Except to the extent that liability under any law cannot be excluded, Market Matters disclaims liability for all loss or damage arising as a result of any opinion, advice, recommendation, representation or information expressly or impliedly published in or in relation to this report notwithstanding any error or omission including negligence.
