Author: Harry Watt
A subdued session for the ASX200 (ASX:XJO) today which is currently showing a small 8point / +0.14% gain for the day so far to trade at 5822. Volumes continue to remain light, and volatility, which yesterday fell through the key 20 level, continues to edge lower. Banks are doing the heavy lifting at the moment, […]
Stock Navitas (ASX: NVT) $5.50 as at 15/01/2019 Event The education provider has jumped over 12% today, bouncing back from its sluggish start to the year thanks to a revised takeover bid. The initial bid, which we discussed here, has been increased by 5.9% from $5.50 to $5.825 as the consortium led by private capital […]
Markets never sleep and over the Christmas period and the first few weeks of 2019, we’ve certainly seen some big volatility play out. With many fund managers and traders away over the period, markets move on light volume with small bits and pieces of information having a bigger impact than they generally would. Over the […]
The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) may be slipping into the red but a number of underperforming ASX shares are finding favour today despite growing risk aversion among investors. The ASX 200 fell 0.3% to 5,574 in late morning trade as ongoing worries about the health of the global economy continues to rattle global markets. But […]
Stock Bega Cheese (ASX: BGA) $4.97 as at 19/12/2018 Event Cheese maker Bega is the worst performer in the ASX200 this morning after updating the market with soft guidance for FY19 half way through the year. As with many companies with leverage to the agriculture sector, Bega has blamed the drought for its woes sending […]
Stock Fletcher Building (ASX: FBU) $4.72 as at 18/12/2018 Event Construction product manufacturer Fletcher Building has bucked the market weakness to trade higher into the afternoon following the announcement of the sale of their Formica business. Fletcher will receive $US840m for the sale of the international laminates and panels business that was deemed as non-core […]
This year’s Santa Rally is being replaced by the “Christmas Grinch Stinge” as the S&P/ASX 200 (Index:^AXJO) (ASX:XJO) is covered in another day of red. The ASX 200 index tumbled 1.2% in late morning trade as fears of a global slowdown from trade wars and a disorderly Brexit have essentially dashed any hope for the […]
Santa is down but not out with ASX stocks defying weak offshore leads to claw back into the black during lunch time trade today. The S&P/ASX 200 (Index:^AXJO) (ASX:XJO) index is trading just above breakeven at the time of writing following a 0.3% morning drop with the mining-heavy materials sector doing most of the heavy […]
A fascinating chart passed across my desk yesterday from Tom McClellan, a US analyst who was made famous by the McClellan Oscillator – a well-known technical indicator that I think was actually created by his parents. Anyway, I regularly read his insight simply because he has knack of creating “light bulb” moments while I’m looking […]
The Australian Pharmaceutical Industries Ltd (ASX:API) share price surged to a two-week high after the medical and beauty products group revealed it bought a large chunk of its rival’s shares and lobbed a takeover bid. The API share price surged 4.4% to $1.54 during lunch time trade to become the best performing stock on the […]
