- A surprising rebound in the ASX 200 today, rallying 71 points to the close, at 5,113.
- The banks surprised and rallied well today. Commonwealth Bank (CBA) closed 1.8% higher to $72.70.
- BHP Billiton (BHP) managed to swing back into positive territory, ending 1% higher to $23.15 after trading as low as $22.39.
- In the M&A section, we witnessed a disappointing performance from VOC (and MTU). Initially we thought the synergy and benefits of these companies would push the stocks higher, but it quickly became apparent that this was already priced in their share prices, hence our alert to switch from VOC to MQG earlier today.
Best Sector – IT
Worst Sector – Health Care
Winners
M2 Group Ltd (MTU) +$1.13, or (+13.4%) to $9.55
Paladin Energy Ltd (PDN) +$0.015, or (+8.6%) to $0.19
Virtus Health Ltd (VRT) +$0.36, or (+6.7%) to $5.72
Northern Star Resources Ltd (NST) +$0.12, or (+4.8%) to $2.63
Losers
Beach Energy Ltd (BPT) -$0.01, or (-1.9%) to $0.515
Drillsearch Energy Ltd (DLS) -$0.01, or (-2.0%) to $0.49
ResMed Inc (RMD) -$0.15, or (-2.0%) to $7.24
Vocus Communications Ltd (VOC) -$0.48, or (-7.4%) to $6.01
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 28/09/2015. 4.26PM.
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