Trade view / 05 February 2016 at 8:31 GMT
We are taking profits and closing our long position in drugmaker Valeant initiated in November due to concern about the fallout from US Congressional hearings over drug pricing. The trade was closed with a gain of 8.3%.
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04 November 2014 at 7:03 GMT
While the annual Melbourne Cup race kept volumes light, the index finished up 13 points to close at 5519. Myer, one of the most heavily shorted stocks on the ASX, benefited from a rise in retail sales to finish the day at 1.19. Gold companies benefited from the overnight gold price holding firm, and there were mixed fortunes for the major banks. Meanwhile, the AUD was sold down to a key support level of 0.8646 but rallied back.
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