Australian Investment Blog

• It was a volatile and choppy day today in the ASX 200 after trading as high as 5699 early in the morning, only to close off its lows to 5625 (-0.2%) – a range of 76 points in a day!• The banking sector remains to lead the ASX 200 in the red zone, ANZ closed 1.3% lower to $31.92 whilst National Australia Bank (NAB) remains in trading halt (last at $35.20) pending its capital raising.• The resources sector outperformed the broader market as expected. BHP Billiton (BHP) closed 1.7% higher to $31.82 and Fortescue Metals (FMG) closed 2.8% higher to $2.57.• WorleyParsons (WOR) gained little of last week’s sell off, ending 1% higher to $9.98, still down 12.8% for the month.