Afternoon Report Thursday 4 December 2014
• The ASX 200 continues its winning streak, closing 0.9% higher at 5369 - up 3 of the last 4 days!• Both the Banking and Iron Ore sector contributed to today’s strength, with Westpac (WBC) ending 1.7% higher at $33.40 and RIO Tinto (RIO) up 2.1% at $59.18.• The gold sector continues its Midas touch, with Newcrest Mining (NCM) up 5.3% to $10.53 and Regis Resources (RRL) up 4.2% at $1.495.• Although the retail numbers reported better than expected, Myer (MYR) closed 3% lower at $1.615 and Metcash (MTS) down 3.5% at $1.93 (26% lower for the week!).• Santos (STO) sold off aggressively this morning, losing as much as 95c earlier, to close 61c, or -3.9% to $8.73.• Vocation Ltd (VOC) ended 61% lower at 19.5c after updating investors with its earnings misery. • G8 Education (GEM) however, closed 5.9% higher at $4.51, after it had announced that it anticipates to exceed broker consensus earnings for FY14 and increases its dividend by 20%.
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