- The ASX 200 continued to be decimated by selling, after China again cut the reference rate on the yuan by the largest amount since August. The Chinese market fell 7.3% with the first half hour of its opening and the regulators stopped trading in that market for the day (second time this week). The ASX 200 closed the day down 113 points (-2.2%) at 5,010, after touching a low of 4,996.
- The worst sector today was Energy with Woodside Petroleum (WPL) down $1.45 (-5.1%) to $26.94. Whitehaven Coal (WHC) was down 7c (-10%) to 60c, while Santos (STO) closed down 26c (-7.4%) at $3.25.
- The Banks weren’t able to support the broader market, with NAB being the weakest link of the ‘big 4’, down 3.3% to $28.02.
- Domestically, new home building approvals slumped by 12.7% in November, 4x more than the consensus.
Best Sector – IT
Worst Sector – Energy
Winners
Northern Star Resources Ltd (NST) +$0.14, or (+5.2%) to $2.84
Bega Cheese Ltd (BGA) +$0.38, or (+5.0%) to $7.93
Regis Resources Ltd (RRL) +$0.08, or (+3.5%) to $2.40
Spotless Group Holdings Ltd (SPO) +$0.03, or (+3.0%) to $1.02
Losers
Origin Energy Ltd (ORG) -$0.36, or (-7.6%) to $4.35
Karoon Gas Australia Ltd (KAR) -$0.135, or (-7.6%) to $1.63
Whitehaven Coal Ltd (WHC) -$0.07, or (-10.4%) to $0.60
Liquefied Natural Gas Ltd (LNG) -$0.09, or (-11.6%) to $0.685
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 07/01/2016. 4.30PM.
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