Wednesday 24th May - ASX -33pts, Webjet (WEB) & Universal (UNI)

24/05/2023

Wednesday 24th May – ASX -33pts, Webjet (WEB) & Universal (UNI)

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Afternoon report 08/04/2026

The Match Out: Tech jumps, Energy plummets as ASX rips higher on Middle East ceasefire

The ASX 200 posted its best session in almost a year today after the US and Iran agreed to a two-week ceasefire, triggering a sharp unwind of the war risk premium that has dominated markets over the past six weeks. The ceasefire, reportedly brokered through diplomatic channels including Pakistan, came just hours after US President Donald Trump warned he would escalate attacks on Iran’s infrastructure if shipping routes remained blocked.

Morning report 08/04/2026

Portfolio Positioning: Does MM like iron ore exposure across all of our portfolios?

The ASX200 closed up an impressive +1.7% on Tuesday although it was well off its mid-morning high where at its best it was up 225-points, or 2.6%. All 11 sectors ended higher, lifting the market to its highest close since mid-March, with the influential banks and miners leading the charge, BHP and CBA alone accounted for ~35% of the day’s gains.