Wednesday 12th July - ASX +26pts, KMD Brands (KND) & Incitec Pivot (IPL)

12/07/2023

Wednesday 12th July – ASX +26pts, KMD Brands (KND) & Incitec Pivot (IPL)

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Afternoon report 09/04/2026

The Match Out: ASX holds firm as tech retreats and energy bounces

The ASX 200 edged higher today, extending the relief rally sparked by the Iran ceasefire announcement yesterday morning, though gains were modest as investors continued to weigh the fragility of the agreement and the ongoing disruption to traffic and oil flows through the Strait of Hormuz. The mixed tone across sectors reflected that backdrop, with energy leading gains while technology stocks gave back some of their strong advances from the prior session.

Morning report 09/04/2026

What Matters Today: 4 “High Beta” Stocks MM likes to Ride the Markets Recovery

The ASX200 surged out of the gates on Wednesday and held its gains throughout the session, closing up +2.6%, its strongest performance in a year, after news of a two-week US–Iran ceasefire sparked a global relief rally. Wednesdays rally was broad-based, with 88% of the main board closing higher and an impressive 19 names jumping by +10%, or more. From a points perspective the miners and banks again led the way with BHP and CBA contributing ~20% towards the days advance which took the ASX200 back within 3% of its all-time high.