The COB from ausbiz

Tech tumbles; miners move; energy kills it


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The S&P/ASX200 closed 26 points, or 0.3% ahead on Monday, after the index shook of a morning stutter to jump 0.7% to a 6 week high at lunch, with the materials and energy stocks leading the way. Lower trading volumes perhaps reflecting a more cautious stance ahead of a massive week of economic and corporate revelations. Mineral Resources (MIN) led the gains, up 9%, while at the other end of matters, Perpetual Limited (PPL) lost 5.5% and growth darling Kogan.com (KOG) shrank over 4.4%. Ahead of match out across the region, the Nikkei, Hang Seng and the CSI300 are all flat or trading lower. 


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