SMALL CAP PORTFOLIO 3.00pm Updates I have added a 3% holding in GMD at 140.5c…
All of this weeks Members Podcasts in one place.
DIARY NEXT WEEK The main events this week are Corporate, not economic. We have the…
Not much joy overnight. This week has seen the ASX 200 +16, +70, +47, +2…
Turnover day – Not sure you take much interest in the technical signals today as the four-day trend comes to an end. Not a lot of technical signals anyway as the market bounce drops away. This is the ASX 200 – will the new trend end? Likely.
Market surviving the CPI number overnight – all is not lost although the rally has certainly started to doubt itself.
DMP is enjoying a purple patch, up 10% in the past five days. Citi upgraded the company on Wednesday to Buy, noting that an inflection point has been reached and improvement in key financial metrics are expected.
All Change – We are back on interest rate watch after the CPI number. Interest rate sensitive rally to end. US Results season starts tonight. Usually, a positive. Investment banks up first. DMP – Some broker upgrades. SGR – If you can swallow your ethics. BOQ after dropping 7% on results. Interesting moves in our industry.
BOQ released full year results on Wednesday and was received poorly by the market to say the least. Down 7% (a lot for a bank) on the news, followed by an interesting bounce back yesterday, up 4%.
ASX 200 performs better than expected, falling only 40 points to 7051 (-0.6%). Volumes seemed light, and some…