The ASX200 slipped 0.25% as we waved goodbye to October; the infamous month finished down 0.6%, but volatility was significantly higher on the stock/sector level as we rolled through AGM season. The financials remained the backbone of the market, advancing 4.5% ahead of key earnings and dividends for 3 of the “Big Four” plus Macquarie Group (MQG).
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Yesterday's weak Australian GDP number was a shocker; there was no other way to describe it with bonds and the $A reacting accordingly.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.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.The Match Out: New highs for the ASX above 8500, best day for Metcash (MTS) in years
Another key milestone on two levels for the ASX 200 today with a new all-time high (8514) and the first time the benchmark has printed 8500, with 9/11 sectors making gains.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.The Match Out: ASX edges higher, economic data beats, Northern Star (NST) bids for De Grey (DEG)
The market tried to break out again today with buying seen early only to falter as the day progressed, the index closing ~20pts below the highs and only mildly in the green, but still up and around all-time highs.Macro Monday: ASX200 to test highs as the housing market softens
The ASX200 is set to test new highs early this week after US equities hit new milestones on Friday, even though it was only a half-day following Thanksgiving holiday. The path of least resistance remains on the upside, even on quiet days.Weekend Q&A: Equities are still posting new highs as we enter December, with only 32 days left in 2024
The ASX200 ended the week up +0.5% and +3.38% for the month, and an even more impressive +3.9% when we include the chunky dividends in November. Through the penultimate month of the year, tech led the charge, advancing over 10%, while the materials and energy sectors were the only two to finish lower; it was a case of different month, but the same result for 2024.The Match Out: ASX slumps early, resources rally late
With U.S markets shut for thanksgiving, we expected a quiet day today, and it was just that until news out of Brazil around midday gave some life to the resource names.Relevant suggested news and content from the site
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