- A frustrating day was witnessed, with the ASX 200 selling off from the morning and trade sideways until the last hour and a half of the session, where the ASX 200 managed to rally back in positive territory and close 6 points higher to 4,881.
- BHP had a good day, despite ending its day down $0.18 (-1.1%) to $16.00, it outperformed from its close in the US.
- Adelaide Brighton (ABC) ended marginally lower, down 0.6% to $4.79 even though it reported a ~20% increase in profit. Concerns on the current property market remain to be the issue.
- Surfstich (SRF) sold off, down 34% to $1.14 after reporting a net profit of $368k, the company’s full year profit forecast is looking negative.
- On better news, Seek (SEK) reported a 1H profit of ~$275m and reaffirmed its full year guidance, helping the company rally 7.9% to $14.38.
Best Sector –Industrials
Worst Sector – Consumer Staples
Winners
WorleyParsons Ltd (WOR) +$0.33, or (+9.0%) to $3.99
SEEK Ltd (SEK) +$1.05, or (+7.9%) to $14.38
JB Hi-Fi Ltd (JBH) +$1.24, or (+5.9%) to $22.23
IOOF Holdings Ltd (IFL) +$0.45, or (+5.9%) to $8.08
Losers
QBE Insurance Group Ltd (QBE) -$0.34, or (-3.1%) to $10.68
Domino's Pizza Enterprises Ltd (DMP) -$2.51, or (-4.1%) to $58.26
Crown Resorts Ltd (CWN) -$0.58, or (-4.6%) to $11.97
Sirtex Medical Ltd (SRX) -$1.62, or (-4.8%) to $32.13
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 25/02/2016. 4.51PM.
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