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Afternoon report

The Match Out: ASX hits another all time high before reversing, Tech stocks bounce, Altium (ALU) gets takeover bid

The ASX ended lower today, although it did trade up to a new intra-session high on the ASX 200 hitting 7309 in early trade. The IT stocks bounced back today with the sector topping the charts (+2.8%) thanks largely to a 39% gain from Altium (ALU). Chinese trade data came out mid-morning that was a little light and that prompted some tentative selling in the market, although I suspect it’s more a case of the market becoming tired around all-time highs.

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Latest Reports

Afternoon report

The Match Out: ASX pulls back from record high, NAB upgrades growth forecasts, Go the Blues!!

A new intra-day high was set for the 5th consecutive day today, however early strength was sold into and the index eventually closed lower. Staples were the main drag on the index, closing almost 1.5% lower on softness in heavyweights Woolies and Coles. Materials found some form with strong base metals and iron ore prices, though gold names lagged the sector.

Afternoon report

The Match Out: ASX hits another all time high before reversing, Tech stocks bounce, Altium (ALU) gets takeover bid

The ASX ended lower today, although it did trade up to a new intra-session high on the ASX 200 hitting 7309 in early trade. The IT stocks bounced back today with the sector topping the charts (+2.8%) thanks largely to a 39% gain from Altium (ALU). Chinese trade data came out mid-morning that was a little light and that prompted some tentative selling in the market, although I suspect it’s more a case of the market becoming tired around all-time highs.

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