Day Trading Pre-market Open - 12 June 2019

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    Good morning traders. Thanks @ttward, @Ravgnome & the aftermarket loungers. Hope you all made some profits off of yesterdays ripper run.

    ASX Market Report

    The ASX 200 returned to action after the long weekend with a storming performance which seemingly caught many off guard as to just how strong it would be. The index rose 102.4 points or 1.59% to 6,546.3 and surged to a new 11 year high after spending the day winding higher. The All Ordinaries was up 99.2 points or 1.52% to 6,624.4.

    All sectors aside from the defensive utilities were positive, which were dragged lower by AGL Energy which fell 8.22% after announcing a 3 billion dollar bid for Vocus Group (VOC). Vocus shares rose 8.88% following the news and were one of the top gainers on the index.

    The largest gainers were surpsingly healthcare stocks, which rose a whopping 3.53%. The raise was largely attributed to sector heavyweight CSL, which rose 4.27% to $212.50. Shares in Nanosonics (NAN) rose 3.6%, Resmed (RMD) climbed 3.13%, and the Cochlear (COH) closed 2.99% higher.

    Industrial shares were also significantly higher and almost saw gains all across the board. Transurban Group (TCL) was 2.95% higher, Brambles (BXB) rose 2.83%, and Sydney Airport (SYD) gained 2.11%

    The financial sector rose 1.25%, lead higher by the big four banks which were all around 1% higher. Commonwealth Bank (CBA) and NAB were both 1.19% higher, Westpac (WBC) rose 1.14%, and ANZ rose 0.99%

    Miners were also steadily higher after BHP rose 2.27% to $38.70, and Rio Tinto was 2.6% higher to $100.55 per share. The sector as a whole gained 1.42%.

    On the other hand, the gold miners saw some falls after the markets took a risk on stance to start the week. Regis Resources (RRL) fell 4.35%, Northern Star (NST) dropped 4.22%, and Saracen (SAR) fell 3.55%. Although it was not all doom and gloom, as Dacian Gold (DCN) managed to claw back a little bit of ground, rising 28.95% in a classic 3-day-rule bounce.

    Nearmap (NEA) was the largest gainer on the ASX 200, up 9.37% to $3.50. The largest losers were Star Entertainment Group (SGR), which fell 15.74% to $3.80 after flagging weaker earnings.

    At 7am AEST the Aussie dollar was buying 0.6961 USD, 0.5470 GBP, 0.6143 EUR, 75.56 JPY, and 1.0577 NZD.

    Global Markets Report

    In Asia, shares saw a massive surge in China after Beijing eased financing rules to boost local government spending on public works. The Shanghai Composite rose 2.58%, and the Shenzen Component was 3.74% higher. The rest of Asia did not quite see the same action, although things were still largely positive. The Nikkei gained 0.33%, the Hang Seng rose 0.76%, and the Kospi was 0.59% higher.

    The European markets were broadly higher, with the DAX leading the charge after being on holiday for Monday, rising 0.93%. The FTSE 100 rose 0.29% and, the CAC 30 rose 0.48%. The pan-European Stoxx 600 rose 0.7%.

    The U.S. Markets were flat in the absence of anything significant to move markets, as investors continued to speculate over the possibilities of a rate cut next week. The Dow fell 14.17 points or 0.05% to 26,048.51, the S&P 500 fell 0.85 points or 0.03%, to 2,885.88, and the Nasdaq was the flattest of them all, which was down 6 tenths of a point or 0.01% to 7,822.57.

    The dollar index, which tracks the U.S. dollar against six major currencies, fell 0.06% to 96.72.

    Oil prices as was the trend of the day were also largely flat. The spot gold price fell 0.08% to $1,326.60

    Please include the STOCK CODE in your post out of respect for your fellow traders, or use the OT (off topic) tag for non-stock related content.

    I don’t know about you fine folks, but I do love me a burrito. Mostly because I can do other things and stuff my face at the same time, but they also have the added bonus of being pretty tasty.

    And chips, although I’ve not been able to find a way to justify them as a breakfast food. Not yet. But one day.

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