Afternoon Report Tuesday 10 February 2015
Please see our MarketMatters Video Update 10th February 2015 - Current Opportunities, QBE & MYR
• The ASX 200 continued to have a “breather” today. The ASX200 closed 14 points lower at 5,800 with the banking sector weaker, e.g. Commonwealth Bank -34c, or -0.2% at $92.59 (CBA, a stock we own that reports tomorrow).• Subscribers received a trading alert this afternoon, purchasing a financial/insurance stock ahead of its reporting tomorrow.• The major resource players – BHP Billiton (BHP) and Rio Tinto (RIO) outperformed the broader market ending the day up 0.3% at $31.32 and +0.7% at $60.71 respectively.• Cochlear (COH) clsoed 84c lower, or -1% at $86.76 after reporting its half yearly earnings this morning. The profit was slightly below analysts’ estimates and dividend inline.
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