Wesfarmers (WES)

06/05/2022

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Afternoon report 19/08/2026

The Match Out: ASX edges lower as tech tumbles; Mirvac & Stockland buck the weakness

The ASX 200 extended its recent pullback for a sixth consecutive decline. The market spent the session firmly in negative territory but recovered from its lows into the afternoon, with seven of the 11 sectors finishing lower as weakness across Technology, Real Estate and Financials outweighed another strong session for Healthcare and Energy and strong results in select Property stocks providing some support.

Morning report 19/08/2026

Portfolio Positioning: Reporting season finally offers a steadying hand to the ASX

The ASX 200 closed flat on Wednesday, experiencing a quiet day on the index level but anything but on the stock front following a bumper session for FY26 earnings. Only ~30% of the main board closed higher, but when CSL (+17%), BHP (+3%), and Goodman Group (+3%) dance to the same beat, adding 70 points to the ASX 200, it was always going to be a tough day for the bears, even if the crowd was in their camp.