- The ASX 200 finished the day on a strong note, after briefly going negative earlier this morning. The market closed up 45 points (+1%) to 4,821.
- The big four banks had a better session, Commonwealth Bank (CBA) again having a large swing during the day. CBA closed marginally higher $74.30, after having a high at $75.19 and a low of $73.13. The other three majors finished the day higher, with Australia New Zealand Bank (ANZ) up 29c to $22.71, National Australia Bank (NAB) up 18c to $24.60 and Westpac (WBC) up 26c to $28.79.
- Hong Kong played catch up for the week, with the HangSeng Futures currently off 4.2%.
- Cochlear (COH) announced an earnings upgrade and released a better than expected first half result. With a weaker A$, COH announced a net profit of $92m - an increase of 32%. The price smashed through the $100 level and hit a high of $104.53, before ending the day up $12.87 (+14.1%) at $104.05.
- Mirvac (MGR) rallied 2.8% higher to $1.85 after the diversified property developer announced 1H profit of $472.7m.
Best Sector –Health Care
Worst Sector – Utilities
Winners
Cochlear Ltd (COH) +$12.87, or (+14.1%) to $104.05
Boral Ltd (BLD) +$0.34, or (+6.4%) to $5.66
Goodman Group (GMG) +$0.36, or (+6.1%) to $6.26
Ansell Ltd (ANN) +$0.30, or (+1.8%) to $16.83
Losers
Computershare Ltd (CPU) -$0.27, or (-2.8%) to $9.33
CYBG PLC (CYB) -$0.11, or (-2.8%) to $3.80
WorleyParsons Ltd (WOR) -$0.10, or (-2.9%) to $3.29
Qube Holdings Ltd (QUB) -$0.07, or (-3.4%) to $1.99
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 111/02/2016. 4.34PM.
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