- A disappointing day after celebrating Australia Day yesterday, the ASX 200 slipped below the 5,000 level to finish the day down 60 points (-1,2%) at 4,946 after trading as high as 5,009.
- National Australia Bank (NAB) shareholders voted strongly in favour of the spinoff of Clydesdale Bank. The new bank will list next week in the UK with Australian shareholders, those who have not already sold their entitlement, are able to sell (or buy) via a listing here in Australia. NAB fell with the rest of the banks, down 86c (-3.1%) to $26.90.
- Crude Oil futures fell in Asia trade, currently down 1% at US$31.14/bbl, leading the energy sector lower by afternoon trade. BHP closed 1.8% lower at $15.01, despite rallying in the US overnight, while Santos (STO) ended 2.7% lower at $2.88.
- Newcrest (NCM) rallied 3.2% higher to $13.52 ahead of its December 2015 quarterly production result tomorrow. NCM remains technically negative from a monthly wave count perspective as per the weekend report.
Best Sector – Consumer Discretionary
Worst Sector – Energy
Winners
Newcrest Mining Ltd (NCM) +$0.42, or (+3.2%) to $13.52
Carsales.com Ltd (CAR) +$0.34, or (+3.0%) to $11.66
Challenger Ltd/Australia (CGF) +$0.17, or (+2.2%) to $7.95
BlueScope Steel Ltd (BSL) +$0.07, or (+1.5%) to $4.65
Losers
Oil Search Ltd (OSH) -$0.29, or (-4.6%) to $5.99
Downer EDI Ltd (DOW) -$0.16, or (-5.0%) to $3.05
Aurizon Holdings Ltd (AZJ) -$0.19, or (-5.0%) to $3.61
WorleyParsons Ltd (WOR) -$0.31, or (-8.3%) to $3.42
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 27/01/2016. 4.30PM.
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