Afternoon Report Wednesday 8 April 2015
• The ASX 200 edged 35 points higher at 5961 with the Energy and Iron Ore sector being the main drivers of today’s positive close.• The banking sector closed mixed, ANZ down 0.3% at $36.79 while the regional, Bank of Queensland (BOQ) closed 1.2% higher at $13.94. Today, subscribers received a trading alert, reducing Shawn’s position in one of the big 4 banks.• Fortescue Metals (FMG) snapped its 3-day losing streak, rallying 8.1% higher at $1.94 higher.• The Energy Sector rallied, with Santos (STO) up 4.4% at $7.41 and Woodside Petroleum (WPL) up 2% at $35.07.• The Retail Sector outperformed the broader market, Myer (MYR) rallied 8.8% at $1.425 after reports of Solomon Lew and private equity firms are said to be assessing the company for a bid.
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