ASX down at 2pm

ASX down at 2pm

At 2pm the ASX200 was down 12 points to 4695.

AWB Limited (ASX:AWB) recovered to $1.32 after plummeting as low as $1.22 during the day, despite successfully raising $220M from investors to pay off debt.

Travel group dropped 20c to $5.31 having almost doubled its share price since March lows. The company recently reported a strong increase in revenues as more travelers booked online

Finance was generally robust. The Commonwealth Bank (ASX:CBA) was up $1.20 to $51.20, the National Australia Bank (ASX:NAB) up 73c to $30.60Westpac (ASX:WBC) was up 50c to $26.06 and the ANZ up 45c to $23.94 after shelling out $1.76B to completely own ING Australia and ING NZ.

Most of the miners were down. BHP Billiton (ASX:BHP) was down 65c to $37.07, Rio Tinto (ASX:RIO) down $1.26 to $59.66, Lihir Gold was down 8c to $2.93 and Santos (ASX:STO) down 6c to $15.05

Retailer David Jones was up more than 3% to $5.62 after a record 12 month profit result. Rival chain Myer recently announced its intention to re-list on the ASX.

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Tags commonwealth bankNABBHP BillitonANZDavid JonesSantosWotifAWB Limited

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