Early rally fades but Brexit fears remain

Original article by Stephen Cauchi
The Australian Financial Review – Page: 28 : 17-Jun-16

The S&P/ASX200 index closed 0.02 per cent lower at 5,146.0 on 16 June 2016. It seems that investors are preoccupied with the possibility of Great Britain leaving the European Union. A referendum on the issue will be held on 23 June 2016. Crown Resorts’ demerger plans were welcomed by investors who pushed the stock up by 13.2 per cent to $A12.75. Gold stocks performed well, with Newcrest Mining gaining 2.9 per cent to $A22.54, Evolution Mining rising 4.7 per cent to $A2.43, and Northern Star Resources climbing 5.1 per cent to $A5.09.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, CROWN RESORTS LIMITED – ASX CWN, NEWCREST MINING LIMITED – ASX NCM, EVOLUTION MINING LIMITED – ASX EVN, NORTHERN STAR RESOURCES LIMITED – ASX NST, BANK OF JAPAN, RIO TINTO LIMITED – ASX RIO, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BHP BILLITON LIMITED – ASX BHP, UNITED STATES. FEDERAL RESERVE BOARD, MELCO CROWN ENTERTAINMENT LIMITED

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