End of Day Report

What happened today? ASX 200 closes up 15.5 points at 5263.8 in another impressive ‘come from behind’ day as Santos soars on a takeover bid. Energy shares the big winners despite falling oil price. Banks turn positive late after CBA raises mortgage rates. AUD tests 72c as China steadies. Dow futures up 33. A disappointing start seemed on the cards, but the news from Santos (STO) +16.18% on the takeover approach was enough to send the energy sector soaring with Origin Energy (ORG)+5.71% (next?) and Karoon Gas (KAR)+7.65% the other standouts. Other Cooper Basin players benefited from the attention, Drillsearch (DLS)+2.34% and Cooper Energy (COE) +10.0% just two in the spotlight. Good numbers from South 32 (S32)+3.1% also helped sentiment in a mixed market. We saw a low of 5217 early before bargain hunters appeared in energy stocks. Light volumes again at just over $3.4bn in another slow day. - See more at: (VIEW LINK)