Major Movers Today

23/03/2021

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Afternoon report 03/12/2025

The Match Out: ASX edges higher, WiseTech rallies on strategy day

A good day to have the Market Matters Christmas lunch, with a very quiet session playing out across the board. The ASX inched higher by the close as softer-than-expected GDP data briefly rekindled hopes the RBA might not need to tighten rates in 2026.

Morning report 03/12/2025

Portfolio Positioning: Four stocks down 40%, MM likes for a rebound in 2026

The ASX200 tried and failed to close above 8600 on Tuesday, with mining and energy stocks again supporting a nervous index. However, ongoing weakness in the rate-sensitive stocks saw the tech -1.6%, utilities -0.4%, and consumer discretionary -0.3% sectors all retreat as bets increased that the RBA will hike rates through 2026 - traders are now pricing in a ~70% chance that Michele Bullock & Co move +0.25% by next Christmas.