Australian Investment Blog

Market Matters Afternoon Report Thursday 12th May 2016

render_partial('shop:account:register:formcampaign') ?> Good Afternoon everyone Market Data What Mattered Today A choppy session hit the ASX today however the index fell just -13pts. Not a bad result really given the weakness in overseas markets. The energy sector provided most support with the likes of Santos (STO) up +5.42% to $4.26 and Origin (ORG) up +5.51% to $5.36. AMP was soft today – down -5.33% following a weak 1Q16 update which saw a weak inflows number and negative claims experience in wealth. Not good trends but company given excuses for why it was. Hard to put a positive spin on inflows which are down 39% pcp, and increase of $18m in wealth protection losses. Stock on 15.3 times which is about average yet performance seems to be struggling. No interest at current levels. Aristocrat (ALL) has a cracking day – adding +10.49% to $11.59 after saying it’s full-year net profit could come in at $366 million, about 20% ahead of current consensus forecasts….The stock gapped up open but did very little thereafter…. Stocks & Sectors Today Source; Bloomberg ASX 200 Movers ***What Matters Tonight*** European leads are weak with the FUTURES on the FTSE -22, DAX -17 & CAC -6 In the US DOW FUTURES are up +31 and the S&P 500 FUTURES are up +4 Regards, The Market Matters Team Level 12 28-34 O'Connell St Sydney, NSW 2000. All figures contained from sources believed to be accurate. Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 12/05/2016. 8:30AM. Reports and other documents published on this website and email (‘Reports’) are authored by Market Matters and the reports represent the views of Market Matters. The MarketMatters Report is based on technical analysis of companies, commodities and the market in general. Technical analysis focuses on interpreting charts and other data to determine what the market sentiment about a particular financial product is, or will be. Unlike fundamental analysis, it does not involve a detailed review of the company’s financial position. The Reports contain general, as opposed to personal, advice. That means they are prepared for multiple distributions without consideration of your investment objectives, financial situation and needs (‘Personal Circumstances’). Accordingly, any advice given is not a recommendation that a particular course of action is suitable for you and the advice is therefore not to be acted on as investment advice. You must assess whether or not any advice is appropriate for your Personal Circumstances before making any investment decisions. You can either make this assessment yourself, or if you require a personal recommendation, you can seek the assistance of a financial advisor. Market Matters or its author(s) accepts no responsibility for any losses or damages resulting from decisions made from or because of information within this publication. Investing and trading in financial products are always risky, so you should do your own research before buying or selling a financial product. The Reports are published by Market Matters in good faith based on the facts known to it at the time of their preparation and do not purport to contain all relevant information with respect to the financial products to which they relate. Although the Reports are based on information obtained from sources believed to be reliable, Market Matters does not make any representation or warranty that they are accurate, complete or up to date and Market Matters accepts no obligation to correct or update the information or opinions in the Reports. If you rely on a Report, you do so at your own risk. Any projections are estimates only and may not be realised in the future. Except to the extent that liability under any law cannot be excluded, Market Matters disclaims liability for all loss or damage arising as a result of any opinion, advice, recommendation, representation or information expressly or impliedly published in or in relation to this report notwithstanding any error or omission including negligence. To unsubscribe. Click Here