On a day when the CEO of BP was grilled by the US Congress and the CEO of David Jones resigned, the All Ordinaries Index gained 27.1 points to end the day 0.6% higher at 4574.1.

David Jones Limited (DJS) ended the day 0.4% lower to close at $4.49 following the unexpected resignation of Chief Executive Officer, Mark McInnes. Mr McInnes has admitted to behaving “in a manner unbecoming of a chief executive to a female staff member” at recent Company functions. The board of DJS has appointed Paul Zahra as the new CEO of the Company, effective immediately.

 Major stock rises:

• Downer EDI (DOW)                            $4.34   +4.58%
• Origin Energy (ORG)                           $15.84 +2.26%
• Telstra Corporation Limited (TLS)       $3.23   +2.22%
• Mirvac Group (MGR)                          $1.41   +2.17%
• Lihir Gold Limited (LGL)                    $4.35   +2.11%

Major stock falls:

• Brambles Limited (BXB)                     $5.89   -5.15%
• ConnectEast Group (CEU)                   $0.39   -3.66%
• WorleyParsons Limited (WOR)                       $22.36 -3.25%
• Metcash Limited (MTS)                                   $4.15   -3.04%
• Caltex Australia Limited (CTX)                       $10.85 -2.95%.

If you do have any questions about this or would like to know more about us, please email me at paul@bronsonfs.com.au or visit us at www.bronsonfs.com.au

Please Note:

This publication has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances. This information is provided for persons in Australia only and is not provided for the use of any person who is in any other country.

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