Australian Investment Blog

• The ASX 200 had a choppy session and ended the day slightly higher, up 3 points at 5,824.• The banking sector closed higher, Commonwealth Bank (CBA) settled 0.2% at $90.68 while Westpac (WBC) closed 0.8% higher at $37.67.• The Iron Ore space closed weak and as expected BHP Billiton (BHP) -0.8% at $31.91 outperformed Rio Tinto (RIO) -1.1% at $58.55 and Fortescue Metals (FMG) -5.6% at $2.02.• The energy sector was surprisingly weak today. Santos (STO) closed 2.9% lower at $7.33 after disappointing investors with its drilling report.• To those who registered for today’s Market Matters webcast at 4.30pm AEST, we look forward to speaking with you soon!

Best Sector – Information TechnologyWorst Sector – Consumer Discretionary