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ASX200 A.M Wrap 16 May 2018

Posted by Billy Macris on 16-May-2018 12:40:01

In our local market the ASX200 is trading at 6,123.90 higher by 26.08 points or +0.43% with gains in the energy sector +1.44% and Health Care sector +1.02%. Across Asia the NIKKEI is down -0.37% and the HANG SENG is also down -0.92%.

Making news, a2 Milk released a trading update which outlined that second-half gross margins will stay broadly in line and expansion plans in the US and China underpin higher marketing costs. The stock slumped 20% and is currently down 13.2% trading at $10.53. See A2M chart below.

a2m1

Best Performing Stocks

  • Dominoe’s pIzza (DMP) +5.19%
  • InvoCare (IV) 4.38%
  • White Haven Coal (WHC) +4.31%

Worst Performing Stocks

  • A2 Milk Company (A2M) -13.11%
  • Bellamy’s Australia (BAL) -10.05%
  • CYBG PLS (CYB) -5.99%