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Daily Report

Tune in for a daily download from investing professionals ‘in the trenches’ who summarise key events each market day.

Daily Report

Stocks hit as Trump targets Sth America – RBA holds rates (NCM, CTX)

The market sold off today down ~150pts points which on the face of it, is a fairly savage move, however the internals weren’t that bad, it was more of an orderly sell...
James Gerrish
Market Matters
Daily Report

Stocks up but close well below session highs – Sydney house prices on a tear (WBC, NWH)

It seemed like the positive data around Sydney property spurred on buying this morning, with the major banks seeing some love after a torrid period of late. The AFR...
NWH
James Gerrish
Market Matters
Daily Report

NRW excites but traders take some profits (VUK, NWH)

Early bidding soon gave way to some profit taking as the index eased back from intra-day all-time highs set 15 minutes into the session marginally below the 6900...
NWH
James Gerrish
Market Matters
Daily Report

Edging higher ahead of Thanksgiving (NWH, TLS)

Stocks were strong again on open this morning trading up to a new all-time high for the ASX 200 of 6879 – marginally eclipsing the August milestone by 5pts, however...
NWH
TLS
James Gerrish
Market Matters
Daily Report

ASX cracks the record (TLS, CKF, EHL)

Big intra-day buying today highlighted the dry powder hanging around the market now being forced the chase stocks higher. The Aussie dollar falling further encouraged...
TLS
James Gerrish
Market Matters
Daily Report

Markets buoyed by continuing trade talks (IGL, SSM, NWH, CTX)

A more bullish session than futures were implying this morning buoyed by reports that China and the US held a call today and quote ‘agreed to continue phase 1 talks....
IGL
NWH
+1
James Gerrish
Market Matters
Daily Report

Stocks cautiously higher to start the week (APT, CTX, NUF, BOQ, WBC)

The market was strong on open this morning although the optimism faded from around 11am onwards, stocks declined from early highs to finish up but not convincingly so....
APT
+2
James Gerrish
Market Matters
Daily Report

Stocks down, Westpac in Austrac crosshairs (WBC, ALL, SAR, WEB)

A tough day at the office with the market hit hard, pretty much all day. The banks in the firing line thanks to a new Austrac law suit filed against Westpac refocussed...
+1
James Gerrish
Market Matters
Daily Report

HSBC sees Sydney property up ~10% next year (A2M, WTC, KGN)

Somewhat of a reversion today of the recent trends with the high value growth stocks suffering some selling led by Wisetech (WTC) while a number of the value plays...
KGN
James Gerrish
Market Matters
Daily Report

Prospa – anything but today (PGL, APX, SIQ)

A weaker day than the futures traders were predicting this morning with the market opening around par before selling off into a midday low. While the selling lacked...
APX
PGL
James Gerrish
Market Matters
Daily Report

The rally picks up momentum

The market finished the week on the front foot today as it traded to within a whisker of the 6800 handle on the back of some broad based buying. Increasing calls for...
James Gerrish
Market Matters
Daily Report

Surprise unemployment jump sends stocks higher

There was choppy action on the open this morning as the index jumped in and out of positive territory for the first 90 minutes of the session. There was little...
GEM
NEA
James Gerrish
Market Matters
Daily Report

Bingo ‘bins’ the shorts at today’s update

A slow and steady grind lower today from the get-go with the market pulling back -68pts from the early highs – a similar trend to yesterday however with more...
APT
+1
James Gerrish
Market Matters
Daily Report

CBA grows earnings in a tough environment

The market backed off from early highs today which came in at 6779, the highest point for the ASX 200 since August, a drop of -26pts from the intra session milestone...
IVC
+1
James Gerrish
Market Matters
Daily Report

A bullish day for Aussie stocks to start the week

A bullish day for the Australian market to start the week with a strong rally in the healthcare sector underpinned largely by CSL which added +3.53% thanks to a UBS...
CSL
James Gerrish
Market Matters
Daily Report

Money rotates out of defensives in a flat day

The market once again found resistance at the top of the range today despite the positive lead from the US market overnight. This sideways chop continues to dominate...
James Gerrish
Market Matters
Daily Report

NAB doing a good job in a tough environment

A strong day for local stocks with the out of form Australian banks keying off an inline full year result from NAB this morning – more on that below however that...
XRO
Z1P
James Gerrish
Market Matters
Daily Report

Cracks appearing with index momentum waning

A soft session across the local market today with early strength getting overcome after the first hour with sellers dominating thereafter. The IT Stocks were again in...
BLD
James Gerrish
Market Matters
Daily Report

RBA holds steady on Cup day

A particularly quiet day of trade today with volumes noticeably lighter ahead of the race this afternoon. The market tracked higher early one before giving all its...
James Gerrish
Market Matters
Daily Report

Westpac out with results and surprise equity raise

A choppy session to start the week although considering that Westpac (WBC) was in a trading halt to raise $2.5bn in fresh equity after reporting results this morning,...
CSR
NWH
James Gerrish
Market Matters
Daily Report

Stocks rebound from early weakness

After opening lower this morning , the market chopped around in a tight range till around 11am before finding its mojo and rallying strongly in the afternoon session...
MQG
James Gerrish
Market Matters
Daily Report

ANZ misses the mark – drags the banking sector lower

The final trading day of October was a another negative one for the ASX capping off a negative month overall for the market with the ASX 200 down -1.18%. Today it was...
James Gerrish
Market Matters
Daily Report

Sellers dominate in a weak session – all sectors lower

Sellers dominated today with the index on the skids from mid-morning onwards, the selling really kicking into gear post local inflation data at 11.30am that printed in...
Z1P
James Gerrish
Market Matters
Daily Report

The run of agricultural downgrades continue with Bega today

Another session of low conviction and light volumes with early optimism again sold into. The market is certainly struggling to hold any meaningful assault on the 6800...
BGA
COL
+1
James Gerrish
Market Matters
Daily Report

Stocks higher in quiet trade

After opening higher this morning , the market chopped around in a tight +/-15pt range throughout the day, although it did end near the highs of the sessions. A fairly...
RMD
James Gerrish
Market Matters
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