What Matters Today: How to play the Miners under Trump as the Fed cuts again

The ASX200 advanced +0.3% on Thursday, in a very different session from the one enjoyed by US equities following Trump’s victory. Less than 55% of the local mainboard and 5 of the major 11 sectors closed in positive territory.

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Afternoon report 05/12/2024 16:45

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.

Morning report 05/12/2024 09:59

What Matters Today: Will US miners deliver better returns than our own?

Yesterday's weak Australian GDP number was a shocker; there was no other way to describe it with bonds and the $A reacting accordingly.

Afternoon report 05/12/2024 10:01

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.

Morning report 04/12/2024 09:43

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.

Afternoon report 03/12/2024 16:53

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.

Morning report 03/12/2024 09:54

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.

Afternoon report 02/12/2024 17:00

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.

Morning report 02/12/2024 09:32

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 report 30/11/2024 08:40

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.

Afternoon report 29/11/2024 17:08

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.