Afternoon Report Thursday 7th May 2015
Another volatile day on the market today saw the ASX 200 Index finish the day down 46 points (0.82 %) to 5,646.
The market woke to the news that National Australia Bank (NAB) was seeking to raise $5.5bln to split off its UK business and to raise its capital reserve ratio. The stock remained in a trading halt today.
The Banking Sector remained very volatile on that news and was marked severely down on the opening. Commonwealth Bank (CBA) hit a low of $81.00 before finishing the day up 13c (0.16%) to $83.11. ANZ Bank (ANZ) also heavily sold down, traded as low as $32.05 before finishing the day down 20c (0.06%) to $33.01.
JB Hi-Fi Ltd (JBH) +$0.28, or (+1.5%) to $19.25
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