Afternoon Report Thursday 16 April 2015
• The ASX 200 closed 39 points higher (+0.7) at 5941 after trading as high as 5948 this morning.• The banking sector gave some of its early gains after the Australian jobs data beat expectations, reducing the probability of two rate cuts, down to one. Commonwealth Bank (CBA) closed 57c higher (+0.7%) to $93.01 and National Australia Bank (NAB) up 28c (+0.7%) to $39.31.• In the Iron Ore sector, Fortescue Metals (FMG) had some positive surprises for their investors and ended the day 10c higher (+5.4%) at $1.955.• The Oil/Energy sector also had a terrific run into positive territory. Santos (STO) closed 3% higher to $7.95 and Oil Search (OSH) up 1.9% to $8.08.• Nine Entertainment (NEC) rallied 3.7% to $2.23 after announcing it has agreed to sell its “Nine Live Events” business for $640m.
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