Afternoon Report Wednesday 19 March 2014
The ASX 200 failed to follow strong overnight gains, limping to a small 11 point gain. Had it not been for strength in the banks, with ANZ +17c and CBA +26c, we would likely have closed in negative territory.
It was a quiet session today with news flow at a minimum. We reiterate that stock selection is vital in this current market, where the banking sector continues to outperform the miners. BHP and RIO both trades lower, closing -21c and -49c respectively.
We remain cautious investors in this market, where we continue to expect volatility. Set trading plans must be adhered to.
WinnersWotif.com (WTF) +23.0% to $3.00Cardno Ltd (CDD) +5.2% to $6.66Nufarm Ltd (NUF) +5.0% to $4.20Horizon Oil (HZN) +4.8% to $0.325GWA Group (GWA) +4.5% to $3.00
Show more...
You need to be a member to view this article
REGISTER FOR FREE INSTANT ACCESS
Already a member? Login Here
