ASX 200

[finicky]

Market Matters.

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"Markets chalked up their worst day since the depths of Covid a little over 5-years ago, though, it wasn’t as bad as it could have been, with US Futures building on Fridays steep losses, trading down another 5% on our open with Asian markets also feeling the heat, Hong Kong shares down 12%, China & Japan off 8%.

The ASX 200 bottomed out just before 11am, hitting an intra-day low of 7169, before bouncing ~200 points. Headlines across Bloomberg mid afternoon sighting discussions of China stimulus helped some of the miners, though, 93% of the main board finished lower on the day, only a splattering of positive corporate news and a few random tickers that made gains…

The main difference in today’s trade was some of the defensive areas were also sold off, used as funding vehicles for other opportunities and/or margin calls, and this played through gold stocks while some ASX listed income securities were used as funding vehicles.

The ASX200 fell -324pts/-4.23% closing at 7343
Energy (-6.95%), Financials (-4.94%) and Materials (-4.84%) hit hardest.
Communications (-0.93%), Consumer Staples (-1.89%) and Utilities (-2.06%) relative outperformers."

 

[finicky]

Today

 

[farmerge]

Today

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@finicky so much more pleasant looking at the ASX board today than the last couple of days.
Not an investor at present, just watching, waiting and wondering what the mad POTUS' elected and unelected will come up with next to help and destroy the world's economy.

 

[divs4ever]

@finicky so much more pleasant looking at the ASX board today than the last couple of days.
Not an investor at present, just watching, waiting and wondering what the mad POTUS' elected and unelected will come up with next to help and destroy the world's economy.

nah .. the world economy was destroyed years back , now it is just confidence smashed/raised in a narrative

 

[finicky]

Today from Market Matters

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"The ASX200 fell -135pts /-1.8% closing at 7375

Utilities (+0.22%), Consumer Discretionary (-0.35%) & Consumer Staples (-0.66%) held up relatively well.

Energy (-4.03%), Materials (-3.57%) and Healthcare (-3.55%) substantially lower.

Woodside Energy (WDS) -3.72% down as WTI crude oil prices tumbled -4.74% overnight, dropping below $57 for the first time since February 2021 as recession fears weighed.

Mining heavyweights struggled as we saw BHP -3.45%, Fortescue (FMG) -4.18% and Rio Tinto (RIO) -5.01% after iron ore spot prices plummeted 4.16% overnight.

President Trump announced a fresh round of ‘major tariffs’ on pharmaceuticals which saw healthcare stocks including CSL Ltd (CSL) -4.96% whacked.

Polynovo (PNV) -8.53% sold off despite posting record monthly sales of $11.9m +92% yoy. With majority of revenue generated in the U.S management said they will advocate for a tariff exemption… they’ll need to get in line."

 

[divs4ever]

Today from Market Matters

Market Matters | Leading Australian Stock Market Views And Advice

Get the latest Australian stock market views from top investors with real money in the markets. ASX investment advice and share recommendations. Find out more.

marketmatters.com.au

"The ASX200 fell -135pts /-1.8% closing at 7375

Utilities (+0.22%), Consumer Discretionary (-0.35%) & Consumer Staples (-0.66%) held up relatively well.

Energy (-4.03%), Materials (-3.57%) and Healthcare (-3.55%) substantially lower.

Woodside Energy (WDS) -3.72% down as WTI crude oil prices tumbled -4.74% overnight, dropping below $57 for the first time since February 2021 as recession fears weighed.

Mining heavyweights struggled as we saw BHP -3.45%, Fortescue (FMG) -4.18% and Rio Tinto (RIO) -5.01% after iron ore spot prices plummeted 4.16% overnight.

President Trump announced a fresh round of ‘major tariffs’ on pharmaceuticals which saw healthcare stocks including CSL Ltd (CSL) -4.96% whacked.

Polynovo (PNV) -8.53% sold off despite posting record monthly sales of $11.9m +92% yoy. With majority of revenue generated in the U.S management said they will advocate for a tariff exemption… they’ll need to get in line."

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grabbed a reasonable-sized parcel ( for me ) of NIC today to add to the existing holding

i MIGHT add more tomorrow or Friday , depending on cash and price

ILU and MIN are moving towards attractive prices as well ( to add more ) both look like they will test my patience first

 

[finicky]

Today!! It was the screw-ups that outperformed ex Ramelius (RMS)

From Market Matters
marketmatters.com.au

"It was an historic day as the ASX notched its biggest gain in over 5 years dating back to the COVID-19 pandemic. President Donald Trump’s 90 day pause on tariffs ignited equity markets around the globe and the local market was no different as the index soared +468pts on the open, until the realisation set in that tariffs on Chinese goods remain in place and were increased to 125%. The day started with no stocks in the ASX200 lower, and it finished in a similar manner and although it did surrender over 150 points from the early morning surge, the selling never really took control.

The ASX200 rose +334pts/+4.54% closing at 7709.
Technology (+7.57%), Materials (+6.32%) and Energy (+5.16%) clear outperformers.
Consumer Staples (+1.88%), Communications (+2.95%) and Industrials (+3.5%) bottom of the pack, but still strong."

 

[finicky]

Today
Market Matters
marketmatters.com.au

• The ASX200 fell -63pts/-0.82% closing at 7646
• Consumer Discretionary (+0.41%), Communication Services (-0.01%) and Consumer Staples (-0.01%) providing much needed support.
• Healthcare (-2.68%), Utilities (-2.07%) and Energy (-1.8%) weakest on the day.
• The Big Four banks didn’t provide their usual support, Commonwealth Bank (CBA) +0.1% resilient as usual, meanwhile Westpac (WBC) -1.86%, National Australia Bank (NAB) -1.71% and ANZ -1.71% were all lower.
• Gold miners soared today off the back of the historic and continued rise in the precious metal itself. Standouts were Emerald Resources (EMR) 8.42%, Evolution Mining (EVN) +7.84% and De Grey Mining (DEG) +5.93%.

 

[finicky]

Best and Worst stocks of the week



Sector performances for the week

 

[finicky]

Wonder if WHC has made a significant low? (Held)

Market Matters

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"The ASX shot out of the gates, far above the slated +18pt rise indicated by SPI futures pre-market, +60pts on the open and grinding another +40pts higher slowly but surely over the day, as 10 out of 11 sectors finished in positive territory. The market took U.S President Donald Trump’s move to exempt selected consumer electronics from tariffs as a signal of willingness to be somewhat flexible and practical with his policies, and negotiations more broadly. Technology was a bright spot as expected after the strong move from the Nasdaq overnight, with materials providing further strength, mirroring moves in global markets and supported by stabilising commodity prices over the weekend on optimism a US-China trade deal can get over the line soon.

The ASX200 rose +102pts/+1.34% closing at 7748
Technology (+2.61%), Materials (+2.11%) and Healthcare (+1.80%) led the charge.
Consumer Staples (-0.45%) the only sector lower on the day.
Gold set another record high over the weekend which saw the local miners of the precious metal continue their rally from Friday."

 

[finicky]

Yayy - Iluka Resources (ILU)

Market Matters

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"Local stocks rose for the second straight session, with banks up early and maintaining, after an impressive start to reporting season by their U.S counterparts. President Trump indicated a temporary reprieve from tariffs on imported vehicles and parts providing incremental hope that tariffs will be paused or adjusted in other areas. It looked to be a repeat of yesterday’s move with a consistent climb through the morning however the charge upward was met by the 7800 level, the index touching a high of 7798. A medley of results and company announcements from various sectors provided mixed messaging as the gains reversed into the afternoon, closing -38pts off the high.

The ASX200 rose +13pts/+0.17% closing at 7761
Healthcare (+1.34%), Financials (+0.48%) and Materials (+0.42%) in the winners circle.
Consumer Staples (-1.01%), Technology (-0.98%) and Real Estate (-0.94%) dragged.
RBA Meeting Minutes released 11:30am and all but locked in a rate cut next month saying May would be an “opportune time” to revisit policy settings.
The RBA board shared its concerns on tariffs that “could materially disrupt Australia’s economy with risk to the downside.. though we are entering from a position of strength with unemployment low and monthly inflation within the target range”."

 

[divs4ever]

Yayy - Iluka Resources (ILU)

not so Yayy here

i have a 'low-ball order ' in the market for more

oh well maybe next month

 

[finicky]

Today
From Market Matters

Market Matters | Leading Australian Stock Market Views And Advice

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marketmatters.com.au

"The ASX200 tried hard to rally throughout the session shrugging off early weakness in S&P500 futures as tech giant Nvidia announced new licensing requirements for US chipmakers exporting to China could cost the firm $US8bn a quarter causing the stock to trade down ~6% in after-hours. The local index traded up +30pts at its highest but gave it all back in the last hour of the session as negative US futures accelerated into the afternoon and became overbearing for the local market which had relied on strength in the Big Four banks all day to stay afloat.

The ASX200 fell -2pts/+0.04% closing at 7758.
Financials (+0.97%), Consumer Staples (+0.77%) and Utilities (+0.46%) solid all day.
Energy (-2.65%), Tech (-1.31%) and Healthcare (-1.07%) were laggards.
Chinese state data out Wednesday showed the economy expanded by a better than expected with Q1 GDP growth of 5.4% vs. 5.2% consensus, although the tariff threat prompted major investment banks to cut the country’s annual growth outlook.
Dutch semiconductor firm ASML, the world’s biggest supplier of computer chip-making equipment, missed estimates which compounded the Nvidia news driving down the NASDAQ futures ~2% at late in the session."

 

[finicky]

Top and bottom stocks of the WEEK were goldies - EVN and BGL



SECTOR performances for the WEEK

 

[finicky]

From Market Matters

Market Matters | Leading Australian Stock Market Views And Advice

Get the latest Australian stock market views from top investors with real money in the markets. ASX investment advice and share recommendations. Find out more.

marketmatters.com.au

"A bullish session after a decent selloff in U.S markets overnight, particularly the tech sector which was -3.9% weaker amid further U.S tariff and policy intervention. It was a slow and steady move up over the day, opening flat but climbing ~5-10 points hour after hour. With little selling in sight, the index broke through the 7800 mark – right back to where it started a day after Liberation Day, April 2 when U.S President Trump sent global markets into a downward spin. A bounce in the beaten down energy sector provided a significant boost as oil moved up again overnight, while a flurry of ‘beats’ from quarterly results in the commodities sector played a part too. The path of least resistance remains up, with over 75% of the mainboard in positive territory as the index closed on the high of the day.

The ASX200 rose +60pts/+0.76% closing at 7819.
Energy (+3.82%), Materials (+1.45%) and Real Estate (+1.18%) in the driver’s seat of the strong session.
Healthcare (-0.13%) dragged on gains, but not much."

The Energy sector boomed as Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged further output cuts seeing brent crude jump above $US66 a barrel – Woodside Energy (WDS) +3.88%, Ampol (ALD) +7.7% and Beach Petroleum (BPT) +3.98% jumped higher.

 

[finicky]

No surprise, mostly goldies in the winners circle. CBA ridiculous - ferret sold his heirloom holding today. GQG waking up.

Market Matters Arvo Report

Market Matters | Leading Australian Stock Market Views And Advice

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After a four-day break over the long weekend, the ASX returned to trading this morning, following two sessions on Wall Street during its downtime. Australian futures markets remained closed through the break until 9:50am, opening down and trying to digest pent up sentiment from the weekend after US President Donald Trump criticised Federal Chair Jerome Powell for not cutting interest rates. As seen time and again last week, futures were nothing to go by, with the market opening weaker to a low of 7745 but rebounding +70pts in the first 20 minutes of trading, a flight to quality with the key beneficiaries being Commonwealth Bank (CBA) and the heavyweight miners. The index sat in a tight 13pt trading range for the remainder of the day and didn’t show conviction one way or the other.

The ASX200 fell -2pts/-0.03% closing at 7816
Financials (+1.23%), Consumer Staples (+0.33%) and Materials (+0.19%) in the winner’s circle.
Tech (-2.26%), Energy (-1.91%) and Healthcare (-1.35%) losers on the day.

 

[finicky]

Today .. glooom
From Market Matters:

"Gold miners had a taste of defeat for the first time in a long time, the precious metal was down over $US200 from its highs yesterday – Ramelius Resources (RMS) -14.63%, Spartan Resources (SPR) -12.78% and Genesis Minerals (GMD) -11.74% led the ASX losses column."

 

[finicky]

Stock movers today



Stock movers of the WEEK



Sector moves for the WEEK

 

[divs4ever]

sooo , sell in May is back on the program ( not money to be made if the market is deep in bear territory , already )