Australia Stock Alert

AUSTR

CLOSING UPDATE: Wesfarmers in 3rd consecutive fall, nears two-month low January 18, 2018 16:00:00 AEST

NEWS BITES - AUSTRALIA

This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Wesfarmers, Australia's largest food & staples retailing company by market capitalisation, slipped further on Thursday, sliding an additional 4.0c (or 0.1%) to trade at $A43.53. The stock decreased 0.39% on Tuesday and 0.25% on Wednesday bringing its 3-day fall to 0.7%. It is now approaching its 44-day low of $A43.38. Compared with the All Ordinaries Index which rose 9.7 points (or 0.2%) in the day, this represented a relative price change of -0.2%.

TODAY'S ALERT

Afternoon Alert: Wesfarmers decreases 0.2%, leads Food & staples retailing sector lower

January 18, 2018 13:00:00 AEST

Wesfarmers Limited (ASX:WES) has decreased 0.2% to trade at $A43.48 vs. the Food & staples retailing sector which weakened 9.1 points (or 0.1%) to 6,538.3. Representing a weighting of about 55.9% of the sector, the stock accounted for 83.9% of today's loss.

Wesfarmers Limited (AU:WES; ASX:WES; AX:WES)

ISIN: AU000000WES1

PermID: 4295857467

Source: www.BuySellSignals.com