NAB and CSL Limited shares lift S&P/ASX 200

Credit: NAB

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) was up 0.4% at lunchtime, following mixed leads from international markets overnight.

What happened overnight:

  • Dow Jones (USA) – up 0.47%
  • NASDAQ (USA): up 0.44%
  • FTSE 100 (UK): down 0.63%
  • DAX (Germany) – up 0.06%
  • EURO STOXX 50 (Europe) – down 0.22%

Despite the futures market forecasting a soft opening, after a brief moment in the red earlier today the ASX 200 staged a strong recovery, with banks and industrials leading the way. An upbeat outlook by management at the Westpac Banking Corp (ASX: WBC) Annual General Meeting today may have been the catalyst.

ASX movers:

  1. Sirtex Medical Limited (ASX: SRX) – up 4.3%
  2. Alumina Limited (ASX: AWC) – up 4.09%
  3. Senex Energy Ltd (ASX: SXY) – up 4%
  4. Woodside Petroleum Limited (ASX: WPL) – up 1.3%
  5. CSL Limited (ASX: CSL) – up 1.67%

At the other end of the market, resources and mining shares again featured prominently. Given further falls in iron ore prices overnight, and a somewhat unexpected trading halt of BC Iron Limited (ASX: BCI) yesterday, the outlook appears bleak for many high-cost miners.

ASX shakers:

  1. Sundance Energy Australia Ltd (ASX: SEA) – down 12%
  2. Atlas Iron Limited (ASX: AGO) – down 6.2%
  3. Cardno Limited (ASX: CDD) – down 11%
  4. Arrium Limited (ASX: ARI) – down 4.35%
  5. CSR Limited (ASX: CSR) – down 3%

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Motley Fool contributor Owen Raszkiewicz owns shares of CSL, and has a financial interest in Woolworths. 

Owen welcomes your feedback on Google plus (see below), LinkedIn or you can follow him on Twitter @ASXinvest.

Unless otherwise noted, the author does not have a position in any stocks mentioned by the author in the comments below. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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