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Aussie 200 Index Gainers & Losers plus Market Snapshot 26 February 2015

Capital Expenditure numbers disappointed, dropping 2.2 per cent, pushing the chance of a March RBA rate cut back above 50 per cent with market participants grappling with the larger than expected drop in business investment. With relative flat numbers on the US Markets, local traders had little to go on until the CAPEX numbers hit and that was enough to drive many to take profits at current levels. The Aussie Dollar gave back half of the excellent gains overnight, sitting around 0.7850 with Gold hovering above the $1,200 per ounce level.​

How did the Aussie market perform today?

S&P/ASX200 lost 36.4 points or -0.62% on volume of $5.24 billion, closing ­­at 5908.5.

Australian sector watch

26Feb2015

Looking over the charts

  • The Aussie 200 Index has finally relented and instead of being bought up on each move lower, has actually continued to head south, but only a steady decline.
  • CAPEX numbers disappointed, which was enough to send the Aussie Dollar 47 pips lower and give the Aussie 200 index a tough time making progress, breaking a few minor support levels on the way down.
  • Momentum is still favouring the bulls and a pull back from these levels is not only very possible but extremely healthy to involved those traders who may have missed the last 4 weeks of solid gains.
  • Support is currently sitting at 5885 and below that at 5855. Resistance is  above at 5910, 5935 and 5955.

ASX-200-market-update-26-February-2015

Chart Courtesy of Invast MT4

ASX top 200 stock analysis

14% of stocks are showing oversold levels, 33% are showing overbought levels and 70% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.

ASX-200-market-update-14-Jan-2014

S&P/ASX 200 Gainers and Losers

Top 5 gainers:

  • NEC        NINE ENTERTAINMENT CO. HOLDINGS +9.43%
  • ABC        ADELAIDE BRIGHTON +7.46%
  • JHC         JAPARA HEALTHCARE +7.32%
  • CVO       COVER-MORE GROUP +5.96%
  • FLT         FLIGHT CENTRE TRAVEL GROUP +5.54%

Top 5 Losers:

  • TSE         TRANSFIELD SERVICES -6.42%
  • MTS       METCASH -6.29%
  • AGO      ATLAS IRON -5.00%
  • ALQ        ALS -4.67%
  • PDN       PALADIN ENERGY -3.66%

Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:

Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567

 

Thursday, 26 Feb, 2015 / 10:13

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : http://blog.invast.com.au/news/aussie-200-index-gainers-losers-plus-market-snapshot-26-february-2015

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