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ASX All Ordinaries ends lower after midday rally fizzles

A three-day win streak proved a bridge too far for the ASX All Ords, with the key index giving up midday gains to settle lower, as investors took some money off the table after.
ASX All Ordinaries ends lower after midday rally fizzles

The Australian Share Market had a stellar start to the week, with strong gains on Monday and Tuesday, but the rally fizzled today as investors took some money off the table.

This is despite a rally on Wall Street overnight, which saw the Dow add 200 plus points.

Back home in Australia, today the ASX All Ords ended the session 0.6% lower at 4932. Intra-day, the index actually hit a high of 4980.


Major miners

BHP Billiton (ASX:BHP) down 3.7% to $15.98; Fortescue Metals Group (ASX:FMG) down 0.5% to $1.86; Newcrest (ASX:NCM) up 0.6% to $15.40; Rio Tinto (ASX:RIO) down 2.5% to $42.12.

Energy or Oil and Gas

Oil Search (ASX:OSH) down 3.9% to $7.04; Santos (ASX:STO) down 3.2% to $3.30; Woodside Petroleum (ASX:WPL) down 7.0% to $27.47.

Big 4 banks

ANZ Bank (ASX:ANZ) down 0.8% to $23.07; Commonwealth Bank (ASX:CBA) down 0.4% to $72.33; National Australia Bank (ASX:NAB) up 2.0% to $25.48; Westpac (ASX:WBC) up 0.5% to $29.12.

Other banks, financials and industrials

AMP (ASX:AMP) down 0.6% to $5.18; Bank of Queensland (ASX:BOQ) down 0.7% to $10.96; Bendigo and Adelaide Bank (ASX:BEN) down 2.0% to $8.62; Macquarie Group (ASX:MQG) down 0.9% to $62.67; Suncorp (ASX:SUN) up 0.2% to $11.48; Telstra (ASX:TLS) down 0.6% to $5.38.


JB Hi-FI (ASX:JBH) down 2.9% to $22.02; Wesfarmers (ASX:WES) down 0.1% to $43.08; Woolworths (ASX:WOW) down 0.5% to $22.71.


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October 14 2016

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