{"id":62193,"date":"2013-07-19T21:54:26","date_gmt":"2013-07-19T11:54:26","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/07\/19\/australian-stocks-what-happened-today-132\/"},"modified":"2013-07-19T21:54:26","modified_gmt":"2013-07-19T11:54:26","slug":"australian-stocks-what-happened-today-132","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/07\/19\/australian-stocks-what-happened-today-132\/","title":{"rendered":"Australian Stocks: What Happened Today?"},"content":{"rendered":"<div>By Ashley Jessen<\/div>\n<div>\n<p><strong>19 July 2013 ASX Market Summary &ndash; Invast Financial Services<\/strong><\/p>\n<p>US markets hitting record highs were unable to inspire our local S&amp;P\/ASX 200 to do more than pop its head above the 5000 mark, and within 1 short hour, market action was driven down some 40 points as our mining sector dragged the benchmark index lower. In the end the S&amp;P\/ASX 200 finished the day down 21.3 points or 0.42% on just over $4 billion in volume.<\/p>\n<p>The Utilities sector had a robust performance along with the Telecommunications sector, up 0.93% and 0.78% respectively. Those heaviest hit in today&rsquo;s uneventful trading day included both the Materials and Industrials stocks which fell 1.26% and 0.76% respectively.<\/p>\n<p><strong>Looking over the charts<\/strong><\/p>\n<p>A relatively minor break to the downside on steady volume won&rsquo;t be enough to deter the bulls among the crowds with today&rsquo;s price action suggesting more consolidation and perhaps a favouring to the downside in the very short term. With recent highs getting higher and no evidence yet of the lows breaching new lows, smart traders will be favouring a move to find support over the next couple of days before a steady climb higher.<\/p>\n<p><strong>S&amp;P\/ASX 200 Gainers and Losers<\/strong><\/p>\n<p>Unusual are the days that Perseus Mining ((PRU)) doesn&rsquo;t feature in either the top gainers or losers and fortunately today saw the price swing up 13.27% as the triple bottom formation held, bouncing off support just below the $0.50 mark. Another favourite among the biggest winners and losers is Billabong International ((BBG)), whose shares managed another successful up day, pushing forward an impressive 9.59% on well and truly above average volume.<\/p>\n<p><strong>Top 5 gainers:<\/strong><\/p>\n<ul>\n<li>PERSEUS MINING +13.27%<\/li>\n<li>BILLABONG INTERNATIONAL +9.59%<\/li>\n<li>LYNAS CORPORATION ((LYC)) +7.23%<\/li>\n<li>ENERGY WORLD CORPORATION ((EWC)) +6.32%<\/li>\n<li>NORTHERN STAR RESOURCES ((NST)) +5.59%<\/li>\n<\/ul>\n<p>One we haven&rsquo;t seen for some time in the biggest losers is Orica ((ORI)), who announced their $52.5 million deal to buy gas from Strike Energy over the next 20 years, which spooked investors, driving the share price down 13.38%. Boart Longyear ((BLY)) was unable to hold on to recent gains, falling 10.74% at the close of trading today and compounding recent falls, which has seen the share price drop 76% since February this year.<\/p>\n<p><strong>Top 5 Losers:<\/strong><\/p>\n<ul>\n<li>ORICA -13.38%<\/li>\n<li>BOART LONGYEAR -10.74%<\/li>\n<li>SANDFIRE RESOURCES NL ((SFR)) -7.86%<\/li>\n<li>BRADKEN ((BKN)) -7.63%<\/li>\n<li>TRANSFIELD SERVICES ((TSE)) -6.08%<\/li>\n<\/ul>\n<\/div>\n<div>&nbsp;<\/div>\n<div><em>Reprinted with permission of the publisher.<\/em> <em>Content included in this article is not by association the view of FNArena (see our <a href=\"http:\/\/www.fnarena.com\/index2.cfm?type=dsp_webht\">disclaimer<\/a>).<\/em><\/div>\n<div>&nbsp;<\/div>\n<div><em>Author&#039;s Disclaimer:<\/em><\/div>\n<div>\n<div>\n<p><em>CFDs are high risk derivative products and may not be suitable for all investors. You can lose more than your initial deposit and there is a credit risk. Please read the PDS on our website at <a href=\"http:\/\/www.invast.com.au\/\">invast.com.au<\/a> and decide whether CFD trading meets your investment objectives, needs and situation before trading. We recommend you seek independent advice.<\/em><\/p>\n<p><em>Invast Financial Services (ABN: 48 162 400 035) is regulated by ASIC (AFSL No. 438 283)<\/em><\/p>\n<\/div>\n<\/div>\n<p style=\"text-align:center\"><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Invast_Orange_Circle_RGB_email-small.jpg\" style=\"height:132px;width:132px\" \/><\/p>\n<p>\n<em><strong>Technical limitations<\/strong><\/em><\/p>\n<p><strong><em>If you are reading this story through a third party distribution channel and you cannot see charts referred to<\/em>, <em>we apologise, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p><em>Find out why FNArena subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A wrap of the day&#8217;s activity on the Australian stock market.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62193"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=62193"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62193\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=62193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=62193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=62193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}