Australian Investment Blog

• The ASX 200 was described as being decimated yesterday; today it was totally obliterated and thrown to the wolves. The index finished down 135 points (2.4%) to 5,475.
• The banks were the catalyst once again with the unexpected early return of Australia New Zealand Bank (ANZ) to the boards. ANZ finished down 7.5% ($2.44) to $30.14 after the placement of shares was completed over night. Interestingly the shares traded well below the settlement price of the placement ($30.95). Commonwealth Bank (CBA) finished worst of the lot as the market began to believe that it would be the next one to raise funds. CBA finished down 3.8% ($3.25) to $81.30.
• A day after RIO Tinto (RIO) reported, the stock finished down, but was immune somewhat to the rest of the contagion, and finished down 28c to $53.27. However BHP Billiton (BHP) finished a lot weaker, down 76c (2.9%) to $25.93.

Best Sector – Information Technology

Worst Sector –Energy

Winners
Myer Holdings Ltd (MYR) +$0.045, or (+3.4%) to $1.35
Crown Resorts Ltd (CWN) +$0.14, or (+1.0%) to $13.71
OzForex Group Ltd (OFX) +$0.02, or (+0.8%) to $2.56
Westfield Corp (WFD) +$0.06, or (+0.6%) to $9.77
Losers
Regis Resources Ltd (RRL) -$0.04, or (+3.1%) to $1.275
Ramsay Health Care Ltd (RHC) -$3.12, or (-4.7%) to $63.25
Australia & New Zealand Banking (ANZ) -$2.44, or (-7.5%) to $30.14
Orica Ltd (ORI) -$3.19, or (-16.9%) to $15.64

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 7/08/2015. 4.30PM.
Reports and other documents published on this website (‘Reports’) are the views of Market. The Hickman Report is 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 distributions 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 Market Matters 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.
The author holds an interest in the financial products of ANN, BEN, CBA, FMG, NST, RRL, SEK, VOC and WPL.