Good morning traders. Thanks @ttward, @Ravgnome & the...

  1. 2,788 Posts.
    lightbulb Created with Sketch. 147

    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.


    https://hotcopper.com.au/data/attachments/1591/1591077-86d434cffa4cd87ab82c51a9abfb6f2c.jpg

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


    https://hotcopper.com.au/data/attachments/1591/1591082-aed95364afb267926388173f87574148.jpghttps://hotcopper.com.au/data/attachments/1591/1591080-2a790d62a54e7df305c4a2382ed9abd5.jpg


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.