Afternoon Report Wednesday 8 October 2014
The ASX 200 followed suit from the global equity markets sell off overnight, closing down 43 points to 5241 after hitting an intraday low of 5210.
The Materials sector was the weakest link today, particularly with BHP Billiton (BHP) and RIO Tinto (RIO) giving much of its gains from yesterday, closing down 40c to $32.84 and $0.98 to $59.09 respectively.
Conversely, the Utilities sector was the strongest link, with AGL Energy (AGK) closing 12c higher at $13.70.
Newcrest Mining (NCM) continued its descent, closing 39c lower to $9.61, where we remain bearish this sector at present.
**Today brought an opportunity for us to buy into current weakness, as posted live to Subscribers today.**
Show more...
You need to be a member to view this article
REGISTER FOR FREE INSTANT ACCESS
Already a member? Login Here
