Sharemarket Wrap 13 July 2012
The All Ordinaries Index gained 12.3 points to end the day 0.3% higher at 4,118.3.
Origin Energy Limited (ORG) ended the day 0.1% lower to close at $12.01 after announcing that rough weather has caused a delay and cost blow out to an upgrade of its BassGas project . The cost estimate for the project has risen to $490m from A$460m.
IOOF Holdings Limited (IFL) ended the day 1.87% lower to close at $5.77 after announcing that that it has placed a bid to acquire Plan B (PLB) for $0.60/ share. Plan B’s internally managed platform adds $2.2bn to IOOF’s Funds Under Administration.
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Best performing stocks:
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Arrium Ltd (ARI)
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$0.86
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+5.52%
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BlueScope Steel Ltd (BSL)
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$0.29
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+3.57%
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Perseus Mining Ltd (PRU)
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$2.42
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+3.42%
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Leighton Holdings (LEI)
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$16.08
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+3.41%
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Atlas Iron Limited (AGO)
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$1.93
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+2.93%
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Major stock falls:
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Boart Longyear (BLY)
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$2.63
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-3.66%
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Qr National Limited (QRN)
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$3.18
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-3.64%
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Whitehaven Coal (WHC)
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$3.45
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-2.27%
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Iluka Resources (ILU)
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$8.80
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-2.00%
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Fortescue Metals Grp (FMG)
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$4.53
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-1.95%
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Source: ASX, Reuters, Lonsec