What Mattered Today
What Mattered Today
Volatile morning as expected, with the ASX 200 trading as lower as 5,286, only to recover and close mildly higher at 5,331. The range today was +/- 58 points, a high of 5345, low of 5286 and a close at 5339 up +11pts or +0.2%.
Unemployment data came in slightly better than expected at 5.6% vs. 5.7% expectation. The Telcos rebounded, with Telstra +2% to $4.82 a reverse of recent weakness. The weakest link of the day was Isentia (ISD), slumping 25% to $2.42 after issuing a profit warning… expect further weakness in this name.
We saw some buying back into the beaten down infrastructure plays today which is a change from recent trends. Transurban closed on its highs – back up through $10 with higher levels expected in the near term.
A short note this afternoon after a busy day on the desk!!!
Transurban (TCL) Daily Chart
ASX 200 Intra-Day Chart
ASX 200 Daily Chart
Select Economic Data - Stuff that really Matters in Green
What Matters Overseas
FUTURES mixed….
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