Afternoon Report Wednesday 18 March 2015
• It was a choppy session today as investors sit on the sideline waiting for comments from the 2-day US FOMC meeting starting tonight.• The ASX 200 closed unchanged at 5842 after trading as low as 5788 at one stage.• The banking sector closed slightly mixed, with Westpac (WBC) outperforming the other ‘big 3’, ending 0.4% higher at $38.38.• BHP Billiton (BHP) closed 1.4% higher at $30.20, however slightly below the US close overnight.• Woolworths (WOW) closed well, down 67c at $28.67, note the dividend amount is 67c a share.• Orica (ORI) sold off, down 5.3% at $18.20 after its CEO announced he will be stepping down.• Fortescue Metals (FMG) closed 5.3% lower at $1.865 after scrapping its plans for a $2.5b refinancing bond sale. Subscribers received a live trading alert today with regards to FMG.
Show more...
