Sharemarket Wrap 20 April 2012
The All Ordinaries index gained 3.1 points to end the day 0.07% higher at 4,444.4.
Boral Limited (BLD) fell 2.89% to end the day at $3.70 after announcing a profit downgrade of $22m for FY12; NPAT of $128m-$153m is now the expectation. The downgrade relates to continued heavy rain and lower residential housing activity on the east coast of Australia.
Woolworths Limited (WOW) rose 0.12% to end the day at $25.88 after announcing third quarter sales from continuing operations of $13.7bn, an increase of 3.9% on the previous year. Management noted that while they were pleased with the improving sales trend, they continue to remain cautious about the sales outlook due to tough macroeconomic conditions.
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Best performing stocks:
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Oil Search Ltd (OSH)
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$7.39
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+5.72%
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OneSteel Limited (OST)
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$1.31
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+3.56%
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CSL Limited (CSL)
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$37.70
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+2.20%
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Mirvac Group (MGR)
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$1.25
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+2.05%
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GrainCorp Limited (GNC)
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$9.37
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+1.85%
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Major stock falls:
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Spark Infrastructure (SKI)
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$1.39
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-4.15%
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Boral Limited (BLD)
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$3.70
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-2.89%
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Boart Longyear (BLY)
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$4.07
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-2.63%
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Billabong (BBG)
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$2.76
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-2.47%
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Sims Metal Mgmt Ltd (SGM)
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$14.74
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-2.19%
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Source: ASX, Reuters, Lonsec