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Australian Investment Blog

Afternoon Report 14/03/2016

Afternoon Report Monday 14th March 2016

  • A quiet session was experienced today in the ASX 200, as half of the states enjoyed their respective public holiday. The broader market closed 0.4% higher at 5,185, after trading as high as 5,214 earlier in the morning.
  • The Telcos had a good run, particularly with Telstra (TLS) after reports of the joint venture with San Miguel ceased in the Philippines. TLS closed 2.3% higher at $5.28.
  • The Energy names were the favour of the day, following on from Oil’s positive performance over the weekend. Santos (STO) closed 3.4% higher to $3.99, while diversified miner, BHP rallied 0.7% higher to $17.74.
  • Flight Centre (FLT) rallied 2.3% higher to $44.84 after announcing to the market of its expansion in Europe, acquiring a Dutch corporate travel agency.


Best Sector Telcos
Worst Sector – Utilities


Winners
Spotless Group Holdings Ltd (SPO) +$0.08, or (+6.6%) to $1.30
WorleyParsons Ltd (WOR) +$0.26, or (+5.0%) to $5.45
Santos Ltd (STO) +$0.13, or (+3.4%) to $3.99
Macquarie Group Ltd (MQG) +$1.90, or (+2.8%) to $68.85

Losers
Adelaide Brighton Ltd (ABC) -$0.13, or (-2.6%) to $4.85
Fortescue Metals Group Ltd (FMG) -$0.07, or (-2.6%) to $2.58
ALS Ltd (ALQ) -$0.14, or (-3.2%) to $4.21
Newcrest Mining Ltd (NCM) -$0.63, or (-3.6%) to $16.87


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 14/03/2016. 4.13PM.
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