Market Updates

ASX 200 put in a good day to day despite NSW CV19 cases, despite US weakness and BHP falls. The ASX 200 fell 9 points to 7502 (0.1). BHP alone accounted for 33 negative points. It was all about results. In general, they were positive. Brokers pronounced sentence on a few with 'ho humness' following yesterdays drop with BRG continuing lower, MFG also under pressure but DMP delivered up 7.1%, PGH rose 8.3%, PME another doing well up 15.7% and a delisting for RDC saw them soar 18.1%. The banks saved the day with CBA up 0.8% and WBC up 1.4%. MQG joined in the fun, buoyed by the BHP news, the big miner though fell 7.1% as the arbitrageurs were unleashed, and the PLC discount started to close. RIO fell 2.3% in sympathy, it too has a dual listed non fungible structure which may see some call for a change to the structure. Industrials also did well, TLS up 1.0%, WOW up 0.8% and ALL doing ‘nicely nicely’. CSL struggled on traffic and margin issues and some weaker guidance falling 1.5%.

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ASX 200 slides 72 points to 7511 (0.9%) as results drop thick and fast. Seems some disappointment emerging on outlook statements and cost pressures perhaps. The Big Bank Basket fell hard today as CBA went Ex-Dividend, the basket dropped to $180.32. Other financials also on the nose as MFG collapsed 10.2% on a lack of performance fees. Miners were also on the nose as BHP fell 1.4% ahead of its results after hours and more news on the potential WPL deal with the energy company dropping 2.1%.  Healthcare better with CSL up  0.2% in a late flurry with the rest of the sector looking ok. Tech stocks weakened and high valuation stocks flew too close to the sun, and we saw some wax melting in the likes of AXE, crashing 21.7% and lithium stocks a little depressed. In corporate news, BRG boiled over falling 9.0%, LYC hit by Malaysian concerns, down 7.6% and GWA saw some downgrades falling 8.00%. 

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ASX 200 starts a busy week falling 46 points to 7582. Narrow range again and the market holding up despite obvious CV19 headwinds. Company reports took centre stage. BEN falling 9.9% after results set the stage for the banks with the Big Bank Basket down to $184.78.  Materials also in the sellers’ sights as iron ore eased back, BHP off 1.4%, FMG down 1.9% and RIO down 1.6%. Energy stocks under pressure as WPL and BHP revealed they were in talks and STO slipped 3.3% with BPT results once again disappointing. Industrials were mixed. In corporate news, JBH up 2.5% with both revenue and profit higher. BSL up 0.6%, triples its dividend and launches on-market buyback of $500m. GPT up 3.0%, profit jumps as asset values lift. SYD down 0.7%, rejects a revised 845c offer from Aviation Alliance consortium.

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ASX 200 finished the week off in style rising 41 to 7629 (0.5%) despite a rise to a new record in NSW and more areas under lockdown. For the week the index rose around 90 points. Banks continue to drive the market as investors switch from CBA to the other three. The Big Bank Basket closed down at $187.42 as CBA fell 1.8%. Insurers were mixed. MQG out in a good day up 0.8%. Healthcare better led by CSL up 2.4% and RMD up 1.0%. Tech too in demand as APT rose 0.4% and XRO up 0.9%. The All-Tech Index up 0.6%. Industrials solid, results beckon. BBN lost its rattle falling 4.5%. SGR rose 4.8% as a potential winner from CWN losing its crown. 

Dow futures barely changed.

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ASX 200 rises 4 to 7588. Late rally saves another record day. Early surge and then enthusiasm lost as CV19 cases and lockdowns continue. All about results and reactions today. QBE surprised to the upside, TLS announced a buyback, AGL showed why the market hates them, NAB trading update ok, but showed issues and APT slips. 

European markets opening cautiously. Asian Markets lower.

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ASX 200 closes at yet another record high of 7584 up 22 points. Banks the focus as CBA delivered and some. CBA rose 1.5% and the Big Bank Basket up to $190.39. Big miners were surprisingly strong despite iron ore falls. Must be the promise of dividends. Lithium stocks remain the flavour of the month with LTR up 8.8% and AXE up 15.8% on news of Chinese patents. 

European markets opening cautious and unchanged. US CPI numbers tonight.

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ASX 200 hits another record high of 7563 up 24 points (0.3%) after once again shrugging off a soaring case number in Sydney. Banks eagerly awaiting the results kick off with CBA up 1.5% and the Big Bank Basket up to $187.99 Gold miners suffered the slings and arrows but lithium stocks were greeted by outrageous fortune on broker upgrades and some strategic corporate moves. PLS up 11.0% and NVX up 15.6% as Phillips 66 chips in. Industrials and tech firms with the All Tech Index (APT really) up 1.6%.
 
Softbank Q1 Earnings  Pre Tax profit up 55%, beating expectations.

European market expected to open slightly down.

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ASX 200 closes unchanged after giving up earlier gains. Miners weak with iron ore and gold miners the focus. Banks and financials doing well today as SUN rose 7.8% following a positive set of numbers an increased dividend, a special and a buyback. Tech under a little pressure but so far results appear to be better than expected but very early days.
Dow futures down around 50 points and European markets expected to open slightly weaker.

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ASX 200 closes up 27at 7538 in late surge. Range seems to be getting smaller and a break out is due. Results season beckon. Miners slip on commodity prices with BHP down 2.0% and FMG down 1.0%. Bank continue to attract buyers and industrials firm but unspectacular. APT up around 5.5% as Square rises in US.

US jobs number tonight. Manic Monday beckons. Will we see another big M&A deal? European markets opening unchanged.

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ASX 200 closes up only 8 points at 7511 in another record day. Quiet lacklustre trading though with the banking sector in focus . Industrials and healthcare also doing well but some cooling in the BNPL sector as APT fell 1.1% and Z1P down 2.1%. The All Tech Index closed unchanged. NCK doubled profit but warned of lockdown issues in July. NSW cases surge and further NSW restrictions and Melbourne joins the party with a snap lockdown.