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ASX200 A.M Wrap 24 August 208

Posted by Billy Macris on 24-Aug-2018 13:03:46

In our local market the ASX200 is trading at 6253.50 up 9.13 points or +0.15% as currently the Health Care sector is the best performer +1.22% and Technology shares are proving to be the biggest laggards as the sector is -1.63%. In breaking news, Scott Morrison is to become Australia’s 30th Prime Minister.

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ASX200 A.M Wrap 23 August 2018

Posted by Billy Macris on 23-Aug-2018 14:09:49

There’s been some drama down under in politics and the markets as the ASX200 is currently trading at 6256.10 with weakness seen in Utilities -2.40% and Financials -1.12% yet the Technology and Telecom sectors of the index are providing some positivity moving higher by +3.55% and +2.30%, respectively. Across the banks WBC -2.58% are the worst performers, but it doesn’t look pretty as NAB -1.46%, CBA -1.71% and ANZ -1.95%.

Across equity markets Afterpay is in a trading halt as the payment provider is looking launch a $110 million capital raising. Santos shares are higher by 9.65% after a positive earnings release along with reports that is to acquire Quadrant Energy for approximately $2.15 billion. Amongst earnings Flight Centre shares are down -9.16% whilst APN Outdoor shares are climbing higher +6.03%.
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Topics: ASX A.M Wrap

ASX200 A.M Wrap 22 August 2018

Posted by Billy Macris on 22-Aug-2018 13:05:13
In our local market the ASX200 is currently trading at 6259.00 down -0.4% or 25.38 points with Telecom higher by 5.85%, tech up 3.99% and on the flipside Utilities are lower by 1.51%. Financials are also down with the banks weighing on the index as NAB, CBA, ANZ and WBC are all lower by 1%.

In corporate news, TPG Telecom has confirmed it has engaged in discussion with Vodaphone regarding a potential merger. On the earnings front Altium Ltd and Wisetech Ltd shares are soaring after a positive earnings release. Amongst broker recommendations, Monadelphous Group shares are lower by 4.6% as Deutsche Bank downgraded the stock to sell and JPMorgan to underweight.





Chart of the Day: Altium Ltd (ALU) Daily Chart 

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Topics: ASX A.M Wrap

ASX200 A.M Wrap 17 August 2018

Posted by Billy Macris on 17-Aug-2018 11:33:12
Currently in our local market the ASX200 is trading at 6,339.60 up 11.31 points or 0.18% with the telecommunication sector the largest percentage gainer higher by 1.70% with the likes of TPG Telecom and Telstra higher by 1.93% and 1.63%, respectively.

In equities, Ausdrill is the best performing stock rising 17% its most in two years after exiting a trading halt following deal to buy Barinco Holdings. Sonic Healthcare shares are down 3.5% after slowing earnings growth, Origin Energy has been downgraded to neutral at Credit Suisse whilst Telstra received an upgrade to a buy rating at HSBC.



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ASX200 A.M Wrap 21 June 2018

Posted by Billy Macris on 21-Jun-2018 10:47:03

Currently in our local market the ASX200 is trading at 6212.80 higher by 40.22 points or +0.65% with Technology and Consumer Disc sectors pushing higher by 1.86% and 1.72%, respectively. In company news, AMP realised a statement this morning outlining that David Murray will be chairman of the insurer effective immediately. Mr Murray said: “I am pleased to today begin the task of rebuilding AMP as Chairman, working with the Board and management to restore trust in the company. AMP shares are trading lower by 0.55%. APN Outdoor Group (APO) received an unsolicited takeover bid from JCDecaux worth approximately $1.1 billion in what would be if successful the French outdoor advertising company’s biggest acquisition in almost two decades. The $6.52 a share cash offer which is 11% above the current share price for APO is it its early stages. In Paris JCDecaux rose as much as 9.2% their biggest move higher since January 2016. APO shares are currently in a trading halt.

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Topics: ASX A.M Wrap

ASX200 A.M Wrap 13 June 2018

Posted by Billy Macris on 13-Jun-2018 11:06:58

Currently in our local market the ASX200 is trading at 6,029.50 down 24.94 points or -0.41%. Most of the sectors on the index look pretty negative with Energy stocks leading the declines down 1.12% along with Materials lower by 0.75%. Across Asia, the NIKKEI is trading higher by 0.32% and the Hang Seng +0.13%.

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Topics: ASX A.M Wrap

ASX200 A.M Wrap 8 June 2018

Posted by Billy Macris on 08-Jun-2018 10:36:17

Currently in our local market the ASX200 is trading at 6,043.70 down 13.59 points or -0.22% as weakness across the industrials, consumer staples and energy shares pushed the index lower. Across Asia, the NIKKEI is relatively flat, lower by 0.06% and the HANG SENG is 0.81% better off. In corporate news, the miners BHP and RIO were upgraded to overweight by JPMorgan following a strong price outlook, while Nanosonics (NAN) was upgraded to a buy at Bell Potter.

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ASX200 A.M Wrap 7 June 2018

Posted by Billy Macris on 07-Jun-2018 11:42:22

Currently in our local market the ASX200 is trading at 6,064.90 up 39.79 points or 0.66% as gains in telecommunications and materials stocks continue to push the index through the key 6,050 level.  Across Asia, the NIKKEI is higher by 0.79% and the HANG SENG is 0.53% better off. 

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ASX200 A.M Wrap 6 June 2018

Posted by Billy Macris on 06-Jun-2018 11:30:10

Currently in our local market the ASX200 is trading at 6019.70 higher by 24.82 points or +0.41% with Materials and Health Care stocks leading the gains, as both sectors pushing higher by 1.51% and 1.19%, respectively. As for the bank, the Financials are the only lagging sector today down 0.33% with NAB -0.60%, WBC -0.25, CBA -0.97% and ANZ -0.21%.

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ASX200 A.M Wrap 1 June 2018

Posted by Billy Macris on 01-Jun-2018 12:03:28

Currently in our local market the ASX200 is trading at 5,994.10 down 17.78 points or -0.30% with telecommunications leading the declines down -0.87%. In the news today, ANZ Bank is coming under fire as the Commonwealth Director of Prosecutions intends to commence proceedings against ANZ in relation to alleged cartel conduct of Aug. 2015. Steels stocks might be one to watch after Trump slaps steel and aluminium tariffs on Canada, Mexico and the EU. BlueScope Steel (BSL) shares are higher by 3.25%.  Qantas (QAN) shares are higher by 1.18% after a codeshare deal was struck with Air New Zealand to make travel easier.

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Topics: ASX A.M Wrap