Market Wrap-A weaker day as the two big divs hit the market this morning with Australia and New Zealand Banking Group Limited (A$32.38, -4.2%) and National...

Henry Jennings

Market Wrap-A weaker day as the two big divs hit the market this morning with Australia and New Zealand Banking Group Limited (A$32.38, -4.2%) and National Australia Bank Limited (A$34.68, -3.4%) going ex div and knocking around 20 points off the index. Commonwealth Bank of Australia (A$79.32, +1.7%) however continued their run towards $80 post their numbers yesterday .Macquarie Group Limited (A$54.60, +2.6%) also piled on the gains with a big move today following some losses over the last few days. Other financials were mixed with AMP Limited (A$4.65, -0.2%),QBE Insurance Group Limited (A$14.82, +0.4%),ASX Limited (A$36.66, +0.8%) and Flexigroup Limited (A$4.61, +2.4%) better whilst Platinum Asset Management Limited (A$6.10, +0.5%) and Bt Investment Management Limited (A$5.20, -1.0%) slipped a little.


Henry Jennings

Henry started in financial markets in London in the 80s as an option trader before coming to Sydney and spending 7 years at Macquarie Bank including a stint running equity derivatives and cash trading.For the last few years he has been a private...

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Medium screen shot 2016 01 12 at 2.25.34 pm

James Marlay

Thanks for sharing Henry, MQG looks really strong, the BTT result last week was also impressive

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