MM remains cautiously long ILU in the $11.40 area

20/06/2023

MM remains cautiously long ILU in the $11.40 area

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Afternoon report 23/06/2026

The Match Out: Banks hold firm as Materials & Tech weigh on the ASX

The ASX 200 finished lower today, with choppy trade through, in positive territory briefly before selling in technology, resources and small caps outweighed strength in the major banks and defensive sectors. Resilience in the Big Four provided some cushion, but market breadth was notably weak with around two-thirds of stocks finishing in the red. Investors continued to digest developments around US-Iran peace negotiations, while positioning ahead of tomorrow's Australian inflation data and ongoing scrutiny of the AI trade.

Morning report 23/06/2026

What Matters Today: Reviewing the 5 new stocks to enter the ASX200

The ASX 200 slipped 0.1% on Monday, not a bad performance considering US S&P 500 futures were trading lower, WiseTech (ASX: WTC) was hammered -18% following reports that police were investigating its chair, Richard White, and BHP Group (ASX: BH) fell another ~$1. Fortunately, the banks bucked the trend with all of the “Big Four” closing higher, a potential theme over the coming months, which we touched on in this week's Macro Monday Report.