Afternoon Report Thursday 3 April 2014
The ASX 200 was unable to match gains posted by US markets overnight, closing up only +6 points in a choppy trading session.
Banks were mixed today with ANZ +11c but NAB -19c after CEO Cameron Clyne announced his resignation.
We still see some upside this month for the banks, before a substantial retracement from May.
On the resources front, it looks like traders are continuing with their buy BHP - sell RIO trade, with BHP closing +16c higher and RIO -42c lower.
Please see our Market Matters video update – Reallocation of Capital.
WinnersGoodman Fielder (GFF) +7.4% to $0.51Aquila Resources (AQA) +4.9% to $2.55Platinum Asset (PTM) +3.6% to $7.70Northern Star (NST) +3.3% to $1.095Bradken (BKN) +2.9% to $4.28
Show more...
You need to be a member to view this article
REGISTER FOR FREE INSTANT ACCESS
Already a member? Login Here
