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Australian Investment Blog

Afternoon Report 26/08/2015

Afternoon Report Wednesday 26 August 2015

  • Another choppy and volatile session today in the ASX200, opening near its lows, only to be able to push a little and tread above water by the afternoon. The ASX 200 finished 35 points higher (+0.7%) at 5,172.
  • The Banking Sector resumed its slow recovery, with Commonwealth Bank (CBA) up $1.05 (1.4%) to $76.13 and Westpac (WBC) up $0.38 (+1.2%) to $31.28.
  • The Resource sector had a great day, BHP closed 2.6% higher at $23.94, while its spin-off, South32 (S32) managed to lose 3.9% at $1.47
  • Woodside Petroleum (WPL) roared 2.6%, despite trading ex-dividend (89.61c fully franked). We currently hold WPL.

Best Sector – Energy

Worst Sector – Health Care


Winners

Bradken Ltd (BKN) +$0.15, or (+13.5%) to $1.265
Santos Ltd (STO) +$0.33, or (+6.9%) to $5.13
WorleyParsons Ltd (WOR) +$0.48, or (+6.3%) to $8.13
Woodside Petroleum Ltd (WPL) +$1.696, or (+5.8%) to $30.97
Losers
South32 Ltd (S32) -$0.06, or (-3.9%) to $1.47
Arrium Ltd (ARI) -$0.004, or (-4.0%) to $0.096
Paladin Energy Ltd (PDN) -$0.01, or (-5.7%) to $0.165
Greencross Ltd (GXL) -$0.95, or (-13.5%) to $6.08

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 26/08/2015. 4.23PM.
Reports and other documents published on this website (‘Reports’) are authored by Market Matters. The MarketMatters Reports are based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position.
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If you rely on a Report, you do so at your own risk. Any projections are estimates only and may not be realised in the future. Except to the extent that liability under any law cannot be excluded, Market Matters disclaims liability for all loss or damage arising as a result of any opinion, advice, recommendation, representation or information expressly or impliedly published in or in relation to this report notwithstanding any error or omission including negligence.
The author holds an interest in the financial products of ANN, ANZ, BEN, CBA, NAB, SEK, VOC and WPL.

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