ASX up 66 points, mining flat
- 28 May, 2010 14:39
The ASX Financial index was up 2.7% with the Commonwealth Bank leading the charge up $1.65 to $52.38. The National Australia Bank (ASX:NAB) was up 68c to $2.82 and Macquarie Group (ASX:MQG) was up 88c to $44.16. ASX Limited (ASX:ASX) bucked the positive trend dropping 51c to $30.99
Retail was mixed with Woolworths (ASX:WOW) dropping 19c to $26.34 and David Jones (ASX:DJS) up 14c to $4.38 – a rise of over 3%. Wesfarmers was up 92c to $28.63
Blood plasma supplier CSL Limited (ASX:CSL) was up 78c to $31.33. Pharmaxis Ltd (ASX:PXS) was down 2c to $3.09
Any jubilance seems to have passed the big miners by, as the Rudd government presses ahead with an advertising campaign to counter the “misinformation” coming from the mining companies over its proposed super tax. BHP Billiton (ASX:BHP) was down 5c to $38.08 and Newcrest Mining (ASX:NCM) also dropped 56c to $31.83. Rio Tinto managed a small jump of 47c to $67.50.
But it was Virgin Blue (ASX:VBA) that copped the biggest walloping after it lowered its profit guidance from $80M to between $20M and $40M. Virgin Blue shares dropped by almost 30% to 31c. Qantas shares fared slightly better rising 6c to $2.48.