Friday 18th August - ASX +18pts, Magellan (MFG) & Centuria Capital (CNI) - Market Matters

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18/08/2023

Friday 18th August – ASX +18pts, Magellan (MFG) & Centuria Capital (CNI)

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Afternoon report 28/08/2025

The Match Out: ASX edges up as the ‘Big Four’ come to the rescue again

The ASX 200 ended the day up though it would have been a different story if it weren’t for strength in the banks with ‘The Big Four’ providing ~35pts of index gain with limited help from other sectors.

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What Matters Today: Three switches which are worth investigating

The ASX200 finished up +0.3% on Wednesday after an initial dip into lunchtime, following hotter-than-expected inflation data, which cooled expectations for a September rate cut. The big miners drove the market along with selected earnings standouts, even as the chances of a rate cut next month fell towards 20%.

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