Afternoon Report Tuesday 31 March 2015
• The ASX 200 reversed some of its losses from the previous day, up as much as 85 points, only to drift away and close 45 points higher at 5892.• The banking sector had a positive close, with regional, Bank of Queensland (BOQ) outperforming the ‘big 4’, ending 2.5% higher at $13.79.• The Iron Ore sector had a good rally; BHP Billiton (BHP) closed 3.1% higher at $31.03 and Fortesecue Metals (FMG) up 1.8% at $1.96, although they currently remain in a down trend.• There is now a ~70% chance of a rate cut when the RBA meets on Tuesday, 7 April.
Best Sector – MaterialsWorst Sector – Industrials
Winners OzForex Group Ltd (OFX) +$0.13, or (+5.7%) to $2.41Qantas Airways Ltd (QAN) +$0.11, or (+3.7%) to $3.12BHP Billiton Ltd (BHP) +$0.93, or (+3.1%) to $31.03Bank of Queensland Ltd (BOQ) +$0.33, or (+2.5%) to $13.79 Losers Monadelphous Group Ltd (MND) -$0.2, or (-2.0%) to $9.99Ten Network Holdings Ltd (TEN) -$0.005, or (-2.4%) to $0.205Seven West Media Ltd (SWM) -$0.06, or (-4.3%) to $1.34G8 Education Ltd (GEM) -$0.19, or (-5.4%) to $3.36
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