MM likes GMG around $21.50

10/09/2021

MM likes GMG around $21.50

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Afternoon report 17/04/2026

The Match Out: ASX drifts as ZIP surges and banks stay under pressure

The ASX 200 slipped today, ending the session lower, awaiting further clarity on negotiations around the US-Iran ceasefire and the reopening of the Strait of Hormuz. The market snapped a three-week winning streak after the sharp rebound seen earlier in the month, though the pullback looks more like a period of consolidation rather than a meaningful shift in the broader trend.

Morning report 17/04/2026

ETF Friday: As the War Premium Unwinds, Four Energy ETFs Back In Focus

For a third consecutive session, the ASX 200 opened strongly above 9000 before falling away throughout the day, dragged lower by the influential banks - it must be reading the MM report this week! Such is the hefty influence of the banks that, although over 60% of the main board closed higher on Thursday, an average drop by the “Big Four Banks” of over 2% was enough to drag the index down by 0.3%. Under the hood, the markets following the MM script so far this week.