Category: ASX:BIN

ASX:BIN

Why are Bingo (BIN) shares higher today?

BIN +6%: Shares in waste management company Bingo (BIN) are leading the gainers, trading 6% better today on the backdrop of a weak market.

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Latest Reports

Afternoon report 04/06/2025

The Match Out: ASX knocks on the door of all-time highs again

The bulls came to play today with the ASX having a great session, but more interestingly, the higher beta parts of the market like BNPL, Uranium , Lithium all attracted solid buying, but it wasn't at the expense of the much loved ‘certainty’ trade which remained well bid, implying new money is starting to gravitate back into the market. Weak GDP data released at 11.30am should underpin a more aggressive stance towards rate cuts from the RBA, and as a long as things cool rather than crater, lower rates should see stocks trade higher.

Morning report 04/06/2025

Portfolio Positioning: The unloved Bull Market keeps pushing ever higher

The ASX200 advanced +0.6%, closing less than 2% below its February all-time high. The market held onto early Wall Street-inspired gains after the US extended its pause on some Chinese tariffs to August 31, providing a tailwind for risk-on sentiment in the region. However, iron ore and base metal stocks struggled after China’s PMI (manufacturing activity) slipped to its lowest since 2022.