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Most Sectors Down, ASX Falls More Than 1 Per Cent

Most Sectors Down, ASX Falls More Than 1 Per Cent
Apr 17, 2015 By Wise-owl

The ASX was down 69.6pts, or 1.2 per cent, at 5877.9pts on Friday. Almost all sectors were down across the board on Friday. The most influential sectors, Financials and Metals and Mining, fell 1.27 and 1.16 per cent respectively. Commodity prices remained mostly flat on Friday. However, the All Ordinaries Gold index fell 1.99 per cent. US markets were down marginally. The Dow Jones fell .04 per cent while the S&P 500 fell .08 per cent. European markets saw a significant selloff in the previous day of trading. The DAX was down 1.90 per cent while the FTSE 100 was down .51 per cent. The Nikkei 225 continued its downward trend this week and has fallen 1.17 per cent near the end of trading hours on Friday. Chinese markets once again extended their gains. The Hang Seng is up .39 per cent while the Shanghai Composite is up 2.77 per cent so far on Friday.

Whitehaven Coal (ASX:WHC) was up 1c, or .65 per cent, at $1.55 per share. The company increased its full year production target to 7.2m tonnes, up from 7m tonnes after increased production values in March.

Santos Limited (ASX:STO) was up 3c, or .38 per cent, at $7.96 per share. STO rose early in the morning after oil prices recovered slightly overnight. The share price retreated later in the day. Santos released its March quarterly revenue report on Friday, which showed a 24 per cent slide in revenue.

National Australia Bank (ASX:NAB) was down 59c, or 1.50 per cent, at $38.72 per share. NAB led the fall in the four major Australian banks.

Commonwealth Bank of Australia (ASX:CBA) was down 93c, or 1.00 per cent, at $92.08

Australia and New Zealand Banking Group (ASX:ANZ) was down 42c, or 1.17 per cent, at $35.60 per share.

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Wise-owl Author: Wise-owl Apr 17, 2015

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