The Match Out: ASX fails to hold onto early gains, booking 4th day of losses on the trot

The market was higher this morning coming off a positive overnight session in the States, though, US Futures tracked lower during our time zone weighing on our market as the day progressed. The last three Friday’s have also been particularly weak so understandable that traders are nervous making any big bets on the penultimate day of the week, the index currently down ~2.5% since Monday.

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Afternoon report 28/11/2025 17:12

The Match Out: ASX firms in quiet session, posts best weekly gain in 2025 up +2.35%

The ASX closed the week on a steady footing, showing resilience despite a lack of direction from offshore markets, with the US closed last night for Thanksgiving, and only a shortened Black Friday session tonight. With no meaningful lead from Wall Street and limited local corporate news flow, the local market leaned on strength in tech, defensives and gold, helping offset weakness across financials and insurers.

Morning report 28/11/2025 09:17

ETF Friday: Looking at Four “new age” ETFs

The ASX 200 drifted lower yesterday afternoon, surrendering most of the day's early gains to close up just +0.1%. The winners and losers arm wrestle was a close affair, but the bulls eventually triumphed, marking the index's longest daily winning streak since May, as renewed strength in the tech sector and the growing probability of a December interest rate cut from the US Fed put investors in a buying mood the day before Thanksgiving holiday, albeit tentatively.

Afternoon report 27/11/2025 17:06

The Match Out: ASX notches 4th straight win, but loses some steam

The ASX couldn’t hold early gains, with weakness in the oil names overpowering a solid tech-led rally. By the close, the ASX 200 was up just +10pts, despite nine sectors trading higher.

Morning report 27/11/2025 10:02

What Matters Today: The music’s on full blast at the M&A party – who could be next?

The ASX200 advanced +0.8% on Wednesday, although another hot CPI reading took the edge off the strong performance. Well over 70% of the main board closed higher, with the miners again the shining light while the banks reversed early gains with two closing lower as the influential sector struggles in the face of no further rate cuts by the RBA.

Afternoon report 26/11/2025 16:37

The Match Out: Hotter inflation cools rate cut hopes, ASX up, but well-off highs, National Storage (NSR) receives bid

A hotter-than-expected inflation print has poured some cold water on what was shaping up as a very strong rebound for the ASX today. The market opened firmly, riding a strong lead from Wall Street and growing conviction around a December cut from the US Fed — but local data somewhat changed the tone.

Morning report 26/11/2025 09:53

Portfolio Positioning: Equities are getting a Thanksgiving lift

The ASX200 limped into the close on Tuesday finishing the day up +0.1%, after spending most of the day swinging between positive and negative territory. A sell-off in the banking sector all but wiped-out the markets initial gain with a ~7% plunge by Bendigo Bank leading the decline.

Alerts 26/11/2025 09:52

Trade Alerts – Emerging Companies Portfolio

We are making several changes to the Emerging Companies Portfolio

Afternoon report 25/11/2025 17:18

The Match Out: Strength in Materials & IT offset weak Banks – ASX mildly higher

The ASX ended the session broadly unchanged, with gains in miners, gold stocks and select tech names offset by heavy selling across the major banks. There was limited activity at the index level ahead of tomorrow’s first full monthly CPI release, expected to show a lift in inflation. Tech names benefited from renewed optimism around potential US rate cuts, though the weight of financials capped any meaningful momentum into the close.

Morning report 25/11/2025 13:08

What Matters Today: Could BHP cast its M&A net closer to home?

The ASX 200 opened strongly on Monday, buoyed by Friday’s dovish commentary from the Feds John Williams, and encouragingly it held those gains throughout the session. The index closed near its highs, up 1.3%, with 85% of the main board advancing. It was the local markets largest gain in 4-months with positive sentiment reinforced after Macquarie Asset Management offered to buy Qube Holdings (QUB) in a $11.6 billion deal, sending the logistics company up more than 19%.

Afternoon report 24/11/2025 16:48

The Match Out: ASX kicks the week off with a bounce, BHP walks from Anglo deal

The ASX found its footing today, snapping back from a six-month low as investors embraced a more dovish tone from the US Federal Reserve. After nearly $40bn was wiped off the local market late last week, today’s relief rally felt well-timed and broad-based. Rate-sensitives led the bounce, but we also saw solid rotation across industrials, healthcare and selected pockets of materials.