• The ASX200 rallied 59 points (+1.1%) at 5,636, closing on its highest level in over 6 weeks.
• The banking sector contributed to ~20% of the broader market’s gain, with Commonwealth Bank (CBA) ending the day 1% higher at $87.12 and Westpac (WBC) up 1% at $34.00.
• Resources mining giant, BHP Billiton (BHP) lost 0.7% at $26.90 after announcing an impairment charge of ~US$2bn on one of its gas project. The write off as not a surprise, however it was announced earlier than anticipated.
• Telco, Amaysim (AYS) debuted with a slow start, only to rally towards the last hour of the session and end 5.6% higher from its IPO price of $1.80 to $1.90.
• Diversified Financials, Perpetual (PPT) lost 6.6% at $45.60 after announcing it had lost ~$1.6b of fund outflows in the last 3 months ending June 2015, with market conditions being the culprit.
Best Sector – Energy
Worst Sector – Information Technology
Winners
Bradken Ltd (BKN) +$0.18, or (+16.8%) to $1.25
Select Harvests Ltd (SHV) +$1.04, or (+9.3%) to $12.24
G8 Education Ltd (GEM) +$0.24, or (+7.8%) to $3.30
Paladin Energy Ltd (PDN) +$0.015, or (+6.4%) to $0.25
Losers
Platinum Asset Management Ltd (PTM) -$0.15, or (-2.0%) to $7.37
Retail Food Group Ltd (RFG) -$0.19, or (-3.4%) to $5.34
Seven Group Holdings Ltd (SVW) -$0.25, or (-4.0%) to $6.00
Perpetual Ltd (PPT) -$3.21, or (-6.6%) to $45.60
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 15/07/2015. 4.30PM.
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