The big raw material-type stocks tend to get sold off because the demand picture is less certain.
More Quotes from Jamie Spiteri:
A lot of money is very sensitive to interest rate changes but also a lot of money has been put into the high growth technology sector, and the returns are not going to come to fruition in all investments.Jamie Spiteri
Origin has struggled to outperform the sector in comparison to some of the other energy stocks.
Jamie Spiteri
I do believe that what we're seeing here is profit taking, which is a means of insurance that you need to take when the market has run very hard into a profit season that's got very high expectations about it,
Jamie Spiteri
The bank sector is a bit weaker here, with NAB and CBA coming of their highs, and of course Westpac are ex-dividend, so that has obviously had an effect on the index,
Jamie Spiteri
The concern that has been around in the market of late is still there. The volatility was less given the fact Wall Street was steady overnight.
Jamie Spiteri
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