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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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Latest Reports

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
Morning report

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.

what matters today Market Matters
Weekend report

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. 

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