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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

AMP hit as life business sale falls over

Another fairly quiet day across markets from a volume perspective, however we did see a flow of Chinese economic data mid-morning that moved the dial, plus there were...
AMP
ELD
PPT
James Gerrish
Market Partners
Daily Report

Will Santos bid for Oil Search?

Another day where the market ebbed and flowed in a reasonable range, typical of a low volume ‘school holiday’ sort of session. Not a lot happening across the desk...
NEA
OSH
STO
James Gerrish
Market Partners
Daily Report

Big line of AMP shares through the market this morning

Another day of light volume through given school holidays - the market swinging around in a reasonable 43-point trading range, closing up but selling into the close...
AMP
James Gerrish
Market Partners
Daily Report

ASX hits early high, then slides into the close

A volatile session for Aussie stocks today with strong buying in the morning session hitting a crescendo around 11.30am before sellers emerged / or more accurately,...
MQG
SGP
James Gerrish
Market Partners
Daily Report

Goldman Sachs downgrades Afterpay

A begrudging sell-off played out today where the market looked weak at times before recovering late in the session to close only marginally lower. A ~40 point range on...
APT
James Gerrish
Market Partners
Daily Report

Markets down most in more than a month

A big sell off today for Aussie stocks with sellers out early and sustained throughout the day with very little respite to speak of – the market eventually closing on...
James Gerrish
Market Partners
Daily Report

Just shy of all-time highs!

There was no US lead for us to follow today with US markets closed for their 4th of July holiday, and as a result the local market opened little changed. Buyers soon...
James Gerrish
Market Partners
Daily Report

Markets grind higher in quiet session

US markets were higher overnight and that filtered into a positive backdrop for our market today, however volume was very light and we’d expect the same to play out...
James Gerrish
Market Partners
Daily Report

ASX tests 10-year highs

The local market had another crack at new highs today, setting a new intraday high at 6692 before setting at 6685, a tickle below the 10-year high set about a...
James Gerrish
Market Partners
Daily Report

Why we trimmed our banking exposure

The RBA cut interest rates by 25bp at 2.30pm on Tuesday, taking the benchmark rate to an all-time low of 1%, its first consecutive monthly reduction since 2012....
TLS
James Gerrish
Market Partners
Daily Report

Markets higher on positive G20 outcome

The ‘Trump bump’ happened early with the ASX keying off strength in US Futures which opened +1% higher before our open, the ASX 200 trading up to a 6664 high (+43...
APT
James Gerrish
Market Partners
Daily Report

ASX drifts lower into EOFY

Firstly, thank you to all who generously contributed today to our fundraising efforts to assist the Apex Foundation. After sending an email to the MM community this...
APT
James Gerrish
Market Partners
Daily Report

Markets grind up again into year end

A strong session today for stocks with the market closing +25pts higher, however it was more than +50pts from the session lows after sellers capitulated shortly after...
James Gerrish
Market Partners
Daily Report

Markets cool as June 30 approaches

It felt like some EOFY shenanigans started to play out today with some big lines through on the futures early lifting the market up from its knees into a midday high...
AMO
CSR
+1
James Gerrish
Market Partners
Daily Report

Low conviction ahead of G20 summit

The market cooled today, mostly in the afternoon session although nothing too sinister – volume was light and conviction was low ahead of the G20 later in the week...
James Gerrish
Market Partners
Daily Report

Metcash shares dumped

Friday’s gradual sell-off continued through the morning today as the index headed lower in the first 90 minutes of trade. Selling was seen in both banks and resources...
ASL
+1
James Gerrish
Market Partners
Daily Report

The index eases into the weekend

The ASX200 gave back some of its impressive run today, finishing around half a percent lower as profit taking, tax loss selling and general market jitters helped the...
James Gerrish
Market Partners
Daily Report

Caltex drags energy but the index pushes higher

The local market did very little in the first hour of trade, and was actually trading marginally lower by 11AM only to turn the corner sharply, bid strongly throughout...
CYB
RIO
James Gerrish
Market Partners
Daily Report

ASX now just 3% below all-time highs

The market latched onto an improving dialogue between the US & China overnight ahead of the G20 meeting in Japan next week – President Trump saying that he had talked...
James Gerrish
Market Partners
Daily Report

RBA minutes drive ASX to another high

Once again, the expectation of lower interest rates was enough to drive stocks higher today, with comments from the RBA that imply rates were more likely to go down...
COL
James Gerrish
Market Partners
Daily Report

AGL pulls Vocus bid

A fairly lacklustre Monday across the board with the banks/utilities offsetting some weakness amongst the material stocks + the telcos were weak as a sector thanks to...
PLS
+1
James Gerrish
Market Partners
Daily Report

Why Brexit is a good thing!

Early this week the local market soared to register the highest close since late 2007 before some consolidation played out at the back end of the week. Today was...
James Gerrish
Market Partners
Daily Report

Markets flat – Challenger downgrades

The market chopped around for the session today before closing flat - the ASX200 traded as much as +20 points higher and -10 points lower than the previous close. It...
CGF
James Gerrish
Market Partners
Daily Report

The rally fades on bank selling

The local market quickly pushed on with yesterday’s rally to post an extra 41pts to rally to the intraday high within the first hour. The selling picked up from there...
James Gerrish
Market Partners
Daily Report

ASX trades at 11 year highs

After a long weekend, the Australian market had to catch up on two bullish sessions out of the US which we did - and then some with the market now trading at its...
AGL
APT
+1
James Gerrish
Market Partners
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