- It was a pleasant breath of fresh air today, as investors saw the broader market close in positive territory, ending up 44 points (+0.9%) at 4,903.
- It was a soft start earlier in the session however, volatility subsided after the China GDP being released with no major surprises, just off from analysts’ expectations and helped push some buying today.
- Macquarie Group (MQG) rallied well for the financial sector, up 2% to $73.91, while WBC closed 1.3% higher at $31.18
- The Gold sector outperformed the broader market, with Regis Resources (RRL) rallying 7.1% higher at $2.56 and Newcrest (NCM) up 3% at $13.24.
- In the Consumer discretionary sector, Woolworths (WOW) gave back some of its losses down 1.3% to $23.35, along with Wesfarmers ending 1.1% lower to $39.70.
Best Sector – IT
Worst Sector – Energy
Winners
SKYCITY Entertainment Group Lt (SKC) +$0.30, or (+7.7%) to $4.20
Regis Resources Ltd (RRL) +$0.17, or (+7.1%) to $2.56
Evolution Mining Ltd (EVN) +$0.085, or (+6.0%) to $1.49
BlueScope Steel Ltd (BSL) +$0.23, or (+5.7%) to $4.28
Losers
Downer EDI Ltd (DOW) -$0.16, or (-4.7%) to $3.21
Select Harvests Ltd (SHV) -$0.37, or (-5.8%) to $6.06
Whitehaven Coal Ltd (WHC) -$0.03, or (-6.2%) to $0.455
AWE Ltd (AWE) -$0.025, or (-6.6%) to $0.355
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 19/01/2016. 4.20PM.
Reports and other documents published on this website (‘Reports’) are authored by Market Matters. The MarketMatters Reports are based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.
The Reports contain general, as opposed to personal, advice. That means they are prepared for multiple distribution without consideration of your investment objectives, financial situation and needs (‘Personal Circumstances’). Accordingly, any advice given is not a recommendation that a particular course of action is suitable for you and the advice is therefore not to be acted on as investment advice. You must assess whether or not any advice is appropriate for your Personal Circumstances before making any investment decisions. You can either make this assessment yourself, or if you require a personal recommendation, you can seek the assistance of a financial advisor.
The Reports are published by MarketMatters in good faith based on the facts known to it at the time of their preparation and do not purport to contain all relevant information with respect to the financial products to which they relate. Although the Reports are based on information obtained from sources believed to be reliable, Market Matters does not make any representation or warranty that they are accurate, complete or up to date and Market Matters accepts no obligation to correct or update the information or opinions in the Reports.
If you rely on a Report, you do so at your own risk. Any projections are estimates only and may not be realised in the future. Except to the extent that liability under any law cannot be excluded, Market Matters disclaims liability for all loss or damage arising as a result of any opinion, advice, recommendation, representation or information expressly or impliedly published in or in relation to this report notwithstanding any error or omission including negligence.
