- The ASX 200 had a healthy breather ending its session near its lows, down 34 points (-0.7%) to 5,108.
- The Big 4 Banks dragged - ANZ was the weakest link, down 2% to $24.98, while CBA closed 1.9% lower at $75.45.
- In the Iron Ore space, RIO lost 2.6% lower to $45.26, while the current wonder, Fortescue Metals (FMG) lost 9.4% to $2.79 after an M&A with Vale was announced this morning, with the focus of blending their Iron Ore and a potential sell down stake of up to 15% of FMG to Vale.
- Iron Ore in Asia closed limit up early in its session, up to the daily maximum percentage of 5.88%.
Best Sector –Consumer Staples
Worst Sector – Info Tech
Winners
South32 Ltd (S32) +$0.075, or (+5.2%) to $1.52
Primary Health Care Ltd (PRY) +$0.13, or (+3.7%) to $3.65
Dexus Property Group (DXS) +$0.10, or (+1.3%) to $7.68
GrainCorp Ltd (GNC) +$0.16, or (+2.2%) to $7.57
Losers
CYBG PLC (CYB) -$0.16, or (-4.0%) to $3.84
ALS Ltd (ALQ) -$0.18, or (-4.1%) to $4.26
Fortescue Metals Group Ltd (FMG) -$0.29, or (-9.4%) to $2.79
WorleyParsons Ltd (WOR) -$0.62, or (-9.5%) to $5.93
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 08/03/2016. 4.27PM.
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