Wood­side sale saps en­ergy

The West Australian - - WEST BUSINESS - Gareth Costa

En­ergy, health­care and re­tail stocks led losses yes­ter­day as the share­mar­ket strug­gled to digest a hefty chunk of Wood­side Petroleum stock and sus­tain the rally.

Wood­side fell $1.04 to

$31.20¢, 10¢ above the level at which Shell sold its $3.5 bil­lion stake to a num­ber of in­sti­tu­tional in­vestors.

San­tos fell 10¢ to $4.48, Ori­gin En­ergy fell 9¢ to $8.27 and Oil Search lost 16¢ to $7.26 as oil price re­ceded from two-year highs.

BHP fell 33¢ to $27.95, Rio Tinto fell 71¢ to $73.04 and Fortes­cue Met­als fell 8¢ to $4.77. Spot iron ore lost 0.7 per cent to $US61.19 a tonne on Mon­day and Sin­ga­pore fu­tures were up 0.4 per cent yes­ter­day.

JB Hi-Fi tum­bled 60¢ to

$22.70, Har­vey Norman fell 5¢ to $3.75, and Domino’s Pizza lost $46.79 de­spite a lift in the ANZ- Roy Mor­gan con­sumer con­fi­dence in­dex.

National Aus­tralia Bank fell 44¢ to $30.13, West­pac fell 34¢ to $32.11. ANZ lost 31¢ to $29.20 and Com­mon­wealth Bank fell 70¢ to $80.82.

High-fly­ing CSL tum­bled $2.83 to $140.79, Ram­say Health Care fell 95¢ to $66.20 and Pri­mary Health Care fell 4¢ to

$3.55.

Com­put­er­share jumped 74¢ to $15.93 af­ter up­grad­ing earn­ings guid­ance.

Mir­vac Group tum­bled 7¢ to

$2.45, GPT Group fell 9¢ to $5.26 and Stock­land fell 7¢ to $4.60. Tel­stra fell 4¢ to $3.42, Qan­tas tum­bled 18¢ to $5.75 and Brick­works lost 11¢ to $14.04.

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