Tuesday 23rd May - ASX +10pts, OFX, Qantas (QAN) & NAB

23/05/2023

Tuesday 23rd May – ASX +10pts, OFX, Qantas (QAN) & NAB

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Latest Reports

Afternoon report 01/09/2025

The Match Out: ASX starts historically weak month on the back foot

Weakness crept into the ASX today as we start the most challenging month of the year, where the ASX has fallen on average 2% for the past 10 years. Dividends play a role here, however we’ve seen declines 70% of the time, and with markets at/near all-time highs, it’s easy to see why some profit taking may creep into the market ahead of the seasonally strong December quarter. Defensives and Gold outperformed while Tech was the obvious pocket of weakness.

Morning report 01/09/2025

Macro Monday: Let’s hope a tough week for the President doesn’t trigger volatility

The ASX200 closed up +3.6% for August, shrugging off its seasonally weak tag, having closed lower 70% of the time over the last decade. Interestingly, September is usually worse. It has fallen 80% of the time over the last decade, resulting in an average loss of 2.35%.