Afternoon Report Tuesday 24 March 2015
• The ASX 200 took a breather and had a relatively quiet day today, ending only 13 points higher at 5969.• The Banking sector closed mixed, National Australia Bank (NAB) closed 0.6% at $38.95 while ANZ Bank closed 0.2% higher at $36.89.• In the commodities sector, RIO Tinto (RIO) closed 1.4% lower at $57.37 while Fortescue Metals (FMG) rallied as high as 4.5% prior to closing 1.5% higher at $2.01 while Santos (STO) rallied 1.4% at $7.39. Please see our comments in this morning’s report.• The Gold sector continues to shine – Newcrest Mining (NCM) ended 2.6% higher at $13.75 and Regis Resources (RRL) up 4.7% at $1.335.• Spotless Group (SPO) rallied 7.3% at $2.36 after Private Equity, Pacific Equity Partners sold 104M of its shares at $2.21 a share, still retaining an 18.9% stake in SPO.
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