Sharemarket Wrap 16 Aug 2012
The All Ordinaries Index gained 46.5 points to end the day 1.1% higher at 4,353.5.
Wesfarmers Limited (WES) gained 3.8% to close at $33.72 after it reported net profit of $2.1bn in FY12, up from $1.9bn in the previous corresponding period. Coles lifted its earnings by 16.3% to $1.3bn.
Tatts Group Limited (TTS) gained 1.8% to close at $2.81 after announcing that it has commenced proceedings against the State in the Supreme Court of Victoria for compensation on the expiry of its gaming operator's licence.
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Best performing stocks:
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Challenger Limited (CGF)
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$3.76
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+7.12%
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AMP Limited (AMP)
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$4.36
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+4.81%
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Wesfarmers Limited (WES)
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$33.72
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+3.79%
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Boart Longyear (BLY)
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$2.49
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+3.75%
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James Hardie Indust (JHX)
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$8.00
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+3.63%
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Major stock falls:
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Alumina Limited (AWC)
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$0.73
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-7.64%
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TABCORP Holdings Ltd (TAH)
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$2.84
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-4.38%
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Whitehaven Coal (WHC)
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$3.70
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-3.90%
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Dexus Property Group (DXS)
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$0.97
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-2.51%
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GPT Group (GPT)
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$3.44
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-2.27%
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Source: ASX, Lonsec