• A busy morning was seen in the ASX 200 opening on its session’s highs at 5696, only to drift lower and close on its lows at 5614, down 92 points (-1.6%).
• There were no positive catalysts on investors’ sights, the broader market sold off and both the Bank and Iron Ore sectors were the dead weights today. Commonwealth Bank (CBA) ended 1.7% lower at $86.63, while RIO Tinto (RIO) lost 2.3% at $52.18.
• As mentioned to our subscribers, we have switched out of one of our trading stocks into our current convictive sector.
Best Sector – Industrials
Worst Sector – Utilities
Winners
OZ Minerals Ltd (OZL) +$0.12, or (+3.2%) to $3.87
Pacific Brands Ltd (PBG) +$0.01, or (+2.2%) to $0.46
IOOF Holdings Ltd (IFL) +$0.14, or (+1.6%) to $8.94
Regis Resources Ltd (RRL) +$0.02, or (+1.5%) to $1.34
Losers
James Hardie Industries PLC (JHX) -$0.71, or (-3.7%) to $18.45
Caltex Australia Ltd (CTX) -$1.33, or (-3.8%) to $33.65
Metcash Ltd (MTS) -$0.05, or (-4.3%) to $1.1
Ansell Ltd (ANN) -$1.59, or (-6.1%) to $24.54
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 22/07/2015. 4.30PM.
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The author holds an interest in the financial products of ANN, BOQ, CBA, CGF, FMG, MGR, MYR, SEK & VOC.
