MM likes WOW around $28

11/03/2025

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Morning report 05/05/2026

What Matters Today: A Fresh Takeover Wave Hits the ASX — Who’s Next?

The ASX 200 retreated 0.4% ahead of this afternoons RBA rate decision, extending what has become one of the most sustained losing streaks of the year, nine declines in ten sessions, with the banks again at the centre of the weakness. National Australia Bank Limited (ASX: NAB) was the standout drag; its soft quarterly result sent the stock down 1.6% and took approximately six points from the index.

Afternoon report 04/05/2026

The Match Out: Cautious ASX slips ahead of tomorrow’s RBA call

The ASX gave back some of Friday’s bounce today, drifting lower as softer local updates outweighed ongoing strength in US equities. Breadth was soft through the session with Staples and Financials leading the declines as the index whipsawed early in the session before cruising lower into the close.