Afternoon Report Tuesday 17 March 2015
• The ASX 200 rallied 44 points higher today at 5842 after trading as high as 5863 at lunch.• The banking sector contributed to much of today’s strength, with Alpha dog, Commonwealth Bank (CBA) ending 1.8% higher at $93.41 and the regional, Bank of Queensland (BOQ) up 2.3% at $14.43.• The Resources sector closed well, except Fortescue Metals (FMG) down 2% at $1.97 while BHP Billiton (BHP) edged 1.3% higher at $29.77.• The standout of today was Sirtex Medical (SRX) down 55.1% at $17.53 after announcing that it had reviewed one of its major clinical study in its cancer treatment and was unfortunately no able to meet its primary endpoint of the trial.• As mentioned recently, oil has reached our buy area and this was apparent with Woodside Petroleum (WPL) up 1.8% at $34.59 and Santos (STO) up 3% at $7.18.
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