ASX200 P.M Wrap 28 feb 2018

Posted by Billy Macris on 28-Feb-2018 16:22:24

As our day draws to a close the fear of rising yields weighed on the local which was also driven by key earnings releases locally. The ASX200 finished the day lower by 40.90 points or 0.68% at 6016.00 after looking like losses would have been a little more limited earlier in the day. The afternoon session saw a little more widespread selling as potential nervousness crept into the market place ahead of tonight’s European open.

Among the better performers today were PLS +10.84%, GXY +6.38%SDa +6.35% and CGC +6.28%.  Of the negatives HVN took out first prize with a loss of 12.45% following on from its earnings announcement, BGA declined 6.41% and ABC declined 5.87%.  FMG chipped in with a loss of 3.08%, CTX fell 3.43% while BHP posted a loss of 1.96% WPL +1.57%, MVF +1.68% and TCL +1.49% were among the better performers.

Currency markets have been relatively quiet with the AUDUSD 0.7787, EURUSD 1.2222, USDJPY 107.17 and GBPUSD 1.3897. Spot gold remains towards USD $1317 per ounce as bitcoin pushes USD $11,000.

PLS Chart attached


Topics: ASX PM update