PMI Data Dictates The Start of September
A quiet day for the ASX to start the month, led by healthcare while the most weakness was felt in Consumer Discretionary. Harvey Norman was hit again after yesterday’s profit result, falling 4.17%, and many retailers were taken down with it. Asian PMI data was released today, with Japanese data below expectations printing at 10.30AM dragging the local market down slightly, before the Chinese data printed better than expected at 11.45AM pulling the market back into positive territory. Overall range today of +/- 34 points, a high of 5734, a low of 5700 and a close of 5724, up +10pts or 0.18%.
ASX 200 Intra-Day Chart
ASX 200 Daily Chart
Alumina (AWC), up near 2% today, has now more than covered the dividend it paid on Tuesday. Another strong move for a stock held in both the Income and the Growth portfolios.
Alumina (AWC) Daily Chart
Have a great Weekend all, look out for the weekend report on Sunday
The Market Matters Team
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