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Top 5 & Bottom 5 - ASX Blue-Chips This Fortnight
BY CHRISTOPHER HALL - 03/02/2016 | VIEW MORE ARTICLES BY CHRISTOPHER HALL

An anomaly has occurred within the Blue chips on the ASX over this last fortnight.

South 32 (‘S32’, BHP Spin-off) and RIO went in opposite directions. Most of the time if RIO is up, so too is BHP (previously including S32). However the recent BHP spin-off, S32, is in the Top 5, while RIO is in the Bottom 5.

This type of anomaly often precedes a good (or bad) market update / announcement for the company ion S32’s (RIO’s) position, depending on how the rest of the sector is performing.

Here are the Blue-chip (ASX Top Fifty companies) winners and losers over the last fortnight.

Top 5
Rank Code Description Two week performance
1 MPL Medibank Private Ltd 13.59%
2 OSH Oil Search Ltd 11.37%
3 STO Santos Ltd 9.33%
4 S32 South32 Limited 8.33%
5 WES Wesfarmers Limited 7.86%
Bottom 5
Rank Code Description Two week performance
46 WBC Westpac Banking Corp -2.15%
47 RIO Rio Tinto Limited -2.36%
48 MQG Macquarie Group Ltd -3.30%
49 ORI Orica Limited -7.02%
50 IPL Incitec Pivot -9.35%

Winners and Losers’ Two-week chart:

For more insight into Winners, Losers and Market Leaders read the Week in Review.

To receive email alerts for articles and ASX announcements about these companies add these companies to Watchlist, or create your own Watchlist for free.



View More Articles By Christopher Hall

Christopher is head of equites at Spring Financial Group. Christopher has over 10 years' experience managing equities desks with thousands of retail clients and responsibility for maintaining and servicing retail and wholesale relationships.



 

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