- The roller coaster hasn’t stopped, but it continues to follow the path that we have been predicting! The ASX 200 started the day up ~50 points, then started to slip and slide, to being ~ 60 points lower. All this was before lunch time! Well, the day finished with the index down 29 point (-0.6%) to 5,042.
- Janet Yellen’s speech this morning, certainly was the main cause of volatility, but it seems that the market can’t decide whether an expected rise in rates later this year will be good or bad.
- The banks were at the brunt of the selling. Commonwealth Bank (CBA) was hit the hardest, down 1.5% to $71.44.
- The miners were better as the day went on with BHP Billiton (BHP) finishing up just 8 cents to $22.93, whilst RIO Tinto (RIO) was stronger, up 65c to $48.95.
- Please watch out for the weekend report.
Best Sector – Consumer Discretionary
Worst Sector – Energy
Winners
Northern Star Resources Ltd (NST) +$0.18, or (+7.7%) to $2.52
Ten Network Holdings Ltd (TEN) +$0.01, or (+5.4%) to $0.195
Metcash Ltd (MTS) +$0.05, or (+5.1%) to $1.04
Cochlear Ltd (COH) +$3.48, or (+4.3%) to $85.28
Losers
Myer Holdings Ltd (MYR) -$0.02, or (-2.4%) to $0.83
FlexiGroup Ltd/Australia (FXL) -$0.07, or (-2.8%) to $2.39
G8 Education Ltd (GEM) -$0.10, or (-3.2%) to $2.99
Iluka Resources Ltd (ILU) -$0.27, or (-4.1%) to $6.34
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 25/09/2015. 4.24PM.
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