Afternoon report 14/04/2021 16:56

The Match Out: ASX rallies above 7000, hits new post pandemic high, Gold leads the charge, Wisr (WZR) is bullish

It was a positive session overall today, choppy in parts however by the end the buyers were well and truly on top closing the market near daily highs.

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Afternoon report 13/04/2021 17:39

The Match Out: Stocks flat, Z1P rallies 17%, A2M & HUB upgraded

A flat session from an overall index perspective today as the ASX200 consolidates above last week’s breakout level – this is ultimately a fairly constructive trading pattern if it continues. Data from China was strong today in an absolute sense, although export data was weaker than expected. This grew 30.6% YoY (from a low base) showing that the global economy is back buying Chinese stuff, although the market was looking for +38% growth. On the flipside, Imports were well ahead of expectations coming in at 27.7% versus the 17.6% growth expected, this is a positive read through for Australia.

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Afternoon report 12/04/2021 16:58

The Match Out: ASX steps back from 7000, Healthcare battles well in soft market, Plenti hits record 3rd quarter

Low volumes seen across the market today with fundies seemingly focused on quarterly company updates that are starting to come through to get a read around where to next.

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Afternoon report 09/04/2021 17:00

The Match Out: Quiet end to a strong week for stocks, Have a great weekend all

A very quiet end to a strong week for stocks with the market oscillating in a very tight ~30pt trading range. Information Technology stocks finished the week as they started, top of the leader board, while Woolies & Metcash dragged the Staples sector lower as Coles brings back the red finger….prices down down down signifies an escalation in the competitive landscape as they look to claw back lost market share. Not a lot else to get excited about today.

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Afternoon report 08/04/2021 17:23

The Match Out: ASX hits 7000, broad based rally led by Resources, Strong production supports Western Areas (WSA)

The ASX 200 hit a new 52 week and post pandemic high today, finally cracking above the 7000 handle to hit an intra-session peak of 7012.

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Afternoon report 07/04/2021 17:24

The Match Out: Stocks close at new post pandemic highs, 7000 now only 1% away, EML payments makes good acquisition

A choppy session for the ASX today with a fairly deep sell-off into a lunchtime low before the market moved higher throughout the afternoon, closing at new post COVID highs. Ultimately the market looks primed to breakout on the upside with the ASX 200 now only ~1% below the 7000 milestone.

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Afternoon report 06/04/2021 17:14

The Match Out: Stocks hit 6 week highs, Technology rallies 5%, Packer looks a keen seller of CWN

The ASX 200 saw the best of the days gains in the morning with a high of 6915, the highest level in six weeks however sellers emerged and we ended around 30points below the session high.  

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Afternoon report 01/04/2021 16:21

The Match Out: Stocks close short week on the front foot, Materials bought into the weekend

The market held on to gains today for what feels like a week long struggle against sellers that appear in the afternoon.

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Afternoon report 31/03/2021 16:59

The Match Out: Stocks end month & Quarter higher, Local building approvals surge, Z1P does deal with JBH

A positive session to round out the month and quarter for Aussie stocks, although there was a massive MOC (market on close) order that saw the ASX 200 fall 30 points in the match (between 4pm & 4.10pm).

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Afternoon report 30/03/2021 16:51

The Match Out: Stocks lower as Brisbane heads for longer lock down, AGL to split, TLS upgraded again

News that Brisbane is likely to go into a longer lockdown as the UK variant of the virus claims cases in the sunshine state has seen stocks sold off today as consistent selling from the open pushed the local market down nearly 100pts from the early session highs. A Byron Bay hens party seems to be the catalyst with the entertainment bringing more than was bargained for just as support from Job Keeper rolls off. Australia was a clear under performer from a regional perspective today as the material sector provided the biggest weight on the market overall.

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