Afternoon Report Thursday 2 October 2014
It was another choppy session today, with the ASX200 closing down 36 points at 5,298, with a range of 51 points.
As expected, the two big supermarkets underperformed the broader market, with Wesfarmers (WES) closing 25c lower at $42.08 and Woolworths (WOW) down 49c at $34.24. See this morning’s report.
The Information Technology stocks followed the weakness from the NASDAQ overnight, with Seek Ltd (SEK) closing 39c lower at $15.95, where approaching close to our buy area. See the recent Hickman Report.
Best Sector – Consumer DiscretionaryWorst Sector – Information Technology
WinnersWotif.Com (WTF) +$0.20 to $3.29Fortescue Mining (FMG) +$0.09 to $3.55Echo Entertainment (EGP) +$0.08 to $3.38
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