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The index was little changed today but a lot happening under the hood, more misses than hits today, especially in our universe as reporting season kicks up a notch this week.

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Latest Reports

Afternoon report

The Match Out: Market momentum fades as the week progressed

Some selling pressure swept across the ASX today with over 70% of the main board finishing lower. We’ve talked about the declining momentum on the upside, and while it’s too early to conclude the bullish trend is over, some consolidation at least wouldn’t surprise.

The Match Out Market Matters
Morning report

What Matters Today: Should we avoid stocks that experience large Block Trades?

The ASX200 closed up +0.15% on Thursday in an ultimately lacklustre session, which promised more in the morning before surrendering two-thirds of its gains through the afternoon. Tech and consumer discretionary names advanced over 1% while real estate lagged, slipping -1.4%. On the commodities front, the story remains the same, and it’s starting to get a little bit monotonous as we head into Christmas, less than three weeks away.

what matters today Market Matters
Afternoon report

The Match Out: ASX up again as mid-cap Gold stocks shine

While the market continues to edge up, it’s becoming very stock specific and we are seeing some obvious loss of momentum in to fresh all-time highs. Some profit taking in banks becoming obvious while resources by in large remain friendless.

The Match Out Market Matters
Afternoon report

The Match Out: ASX takes a breather, founders cash in

On a day that started off with some major transactions led by Goodman Group and ProMedicus, GDP data released mid-morning added fuel to a mixed session. Investors showed signs of exhaustion after pushing to all-time highs over the last few days, with property and banks largely responsible for dragging the index lower.

The Match Out Market Matters
Morning report

Portfolio Positioning: The ASX200 breaks 8500, and major sellers surface

After yesterday's close, China Investment Corporation (CIC) launched a massive $1.9 billion selldown of market darling Goodman Group (GMG). Citi’s equities desk was looking to place 50.4 million GMG shares or about 2.6% of the company; to put things into perspective, only 3.7 million shares exchanged hands on Tuesday.

what matters today Market Matters
Morning report

What Matters Today: Where does MM anticipate ongoing M&A in the gold space?

The ASX200 closed up +0.1% on Monday in a fairly lacklustre session, which again saw the local index unable to build on early gains. Over 50% of the main board closed higher, with interesting moves in the resources sector after Chinese manufacturing data beat estimates.

what matters today Market Matters
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