• A soft start was experienced in the ASX 200 today, trading on its lows early in the morning at 5538, only to recover and close 24 points (+0.4%) higher at 5590.
• The Major Iron Ore players, even though there was no good news for them over the weekend, managed to finish stronger as Iron Ore futures are currently trading 2% higher in Asian trade, with BHP Billiton (BHP) up 25c (1%) to $25.52 and Fortescue Metals (FMG) up 5c (3.0%) to $1.71.
• The banking sector tried hard today, but generally to no avail and finished at best, mixed. Commonwealth Bank (CBA) closed 0.3% higher at $86.09, while National Australia Bank (NAB) closed unchanged at $33.91.
• The Gold sector outperformed the broader market, with Newcrest mining up 4.5% at $11.78, Northern Star (NST) up 7.4% at $2.17 and Regis Resources (RRL) up 6.6% at $1.37.
Best Sector – Utilities
Worst Sector – Information Technology
Winners
Northern Star Resources Ltd (NST) +$0.15, or (+7.4%) to $2.17
Regis Resources Ltd (RRL) +$0.085, or (+6.6%) to $1.37
Newcrest Mining Ltd (NCM) +$0.51, or (+4.5%) to $11.78
Westfield Corp (WFD) +$0.42, or (+4.4%) to $9.86
Losers
WorleyParsons Ltd (WOR) -$0.25, or (-2.7%) to $9.15
Slater & Gordon Ltd (SGH) -$0.13, or (-3.6%) to $3.47
Syrah Resources Ltd (SYR) -$0.16, or (-4.3%) to $3.57
Liquefied Natural Gas Ltd (LNG) -$0.31, or (-8.8%) to $3.21
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 27/07/2015. 4.30PM.
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