A weak start to March – ASX falls below 6000
WHAT MATTERED TODAY
A very short MM report this afternoon as time is of the essence unfortunately – more or an update in terms our views tomorrow morning. Suffice to say it was a weak start to March with the ASX tracking lower following a reasonable sell off on Wall Street late in the session overnight. Locally, it was the typical defensive stocks such as the real estate names that did best while energy was again weak. A truck load of stocks went ex-dividend today which put some pressure on the index however really, there wasn’t any aggression in the selling today as the intra-day chart shows – so our more positive stance remain intact!
All up, a range of +/-58pts for the index, with the market finishing down -42pts or -0.71% at 5973 – below 6000!
ASX 200 Intra-Day Chart
ASX 200 Daily Chart
OUR CALLS
No trades on the MM Portfolios today.
Have a great night
James & the Market Matters Team
Disclosure
Market Matters may hold stocks mentioned in this report. Subscribers can view a full list of holdings on the website by clicking here. Positions are updated each Friday, or after the session when positions are traded.
Disclaimer
All figures contained from sources believed to be accurate. Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 01/03/2018. 4.30PM
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