- The ASX 200 rallied 49 points higher (+1%) higher at 5157, ignoring the weakness in the resource sector and helped strongly with the big four banks.
- The Iron Ore names were the weakest link, Fortescue Metals (FMG) closed 2.9% lower at $2.71, off its lows of $2.55 earlier in the day. As mentioned to Subscribers, MarketMatters bought FMG today for a short term trading view.
- Of the big four banks, the strongest link, National Australia Bank (NAB) closed up $0.70 (+2.6%) at $27.55.
- We remain short term bullish with anticipation of good news from the ECB this week.
Best Sector –HealthCare
Worst Sector – Energy
Winners
South32 Ltd (S32) +$0.075, or (+5%) to $1.595
Sirtex Medical Ltd (SRX) +$1.26, or (+4.2%) to $31.27
Sonic Healthcare Ltd (SHL) +$0.67, or (+3.7%) to $18.60
Aristocrat Leisure Ltd (ALL) +$0.36, or (+3.7%) to $10.04
Losers
Fortescue Metals Group Ltd (FMG) -$0.08, or (-2.9%) to $2.71
Newcrest Mining Ltd (NCM) -$0.50, or (-2.9%) to $16.67
Iluka Resources Ltd (ILU) -$0.47, or (-6%) to $7.36
WorleyParsons Ltd (WOR) -$0.53, or (-8.9%) to $5.40
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 09/03/2016. 4.40PM.
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