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Published 5:00 PM
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End of Day Podcast
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Published 4:56 PM
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End of Day Report
Daily Trading Overview
The ASX 200 rallied to 8871. Up 45 points or 0.5%. Spurred on by US futures and hopes tonight’s NFP number will clear the final hurdle for the next Fed rate cut. Technology stayed strong but REITs and Discretionary stocks overtook. GMG, CHC and MGR the best performers. The AU2Y down 6bp since Tuesday’s peak. JBH, HVN and SUL benefitted from positive broker commentary while profit taking erased APE’s morning gain. Still only fell 10c vs its 24c dividend. Tech stocks had a volatile session but every major name save for WTC managed to close with a gain. NXT, 360 and CDA best.
Gold down one day, up the next. GMD, MEK, RRL and VAU all up over 5%. EVN missed out. Lithium back in favour as the market went risk-on. INR up 16% and VUL up 8.4% on a new technology partner. Both in Henry’s Portfolio. Uranium in the red but not too much damage. Copper mostly higher while the Three Amigos stayed mixed. RIO and FMG up 1%. BHP down 1%. DRO worst in the Top 200 as it resumed downtrend while EOS kept up the recent momentum. Energy and Staples the only loss sectors. Energy tracking overnight oil moves and Staples weighed down by COL. Like APE it fell less than its dividend.
Asian markets strengthened. China up 0.7%. Japan up 0.8%. Dow futures still flat but Nasdaq futures now up 0.4% pointing to a positive open. Bond yields quiet. AUD gained. Now at US65.35c.
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Published 4:57 PM
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ASX Today
Rolling Australian Stories
STORIES
- 4D Medical (4DX +17.9%) – Shares for the medical imaging company have spiked 190% in a week. Is it still a buy?
ANNOUNCEMENTS
- Shaw and Partners lifts its FY26 gold price forecast 16% to $3850. Much more realistic than Morgans $2500 yesterday.
- Downer (DOW +0.9%) – Upgraded from neutral to outperform at Macquarie. The stock lost almost all its 6% results gain in the last week but bouncing back this morning. No change to its $7.65 target price. DOW expected to benefit from margin improvement in FY26 and is the preferred bidder for defence contracts worth $400m pa.
- Bannerman Resources (BMN -0.3%) – Secures two offtake agreements for 1Mlbs of U3O8 from 2029-2033.
- Predictive Discovery (PDI +2.2%) – Full year profit of $13m for the gold miner based in West Africa. Below estimates but share price up on the open.
- SiteMinder (SDR +1.8%) – Responds to ASX ‘please explain’ letter regarding its 21% jump on results that were ‘in line’. Management have defended its position adequately.
- Orica (ORI +2.2%) – Business update ahead of FY results in November. Positive momentum from H1 has carried through. H2 earnings expected to be higher in all three main segments (blasting, digital, specialty mining chemicals) vs last year. Finance costs expected to be at the upper end of guidance. $50-$54m in litigation costs to be recognised on the downside but the company has also been conditionally awarded a $432m funding grant for the Hunter Valley Hydrogen Hub (subject to FID).
EX-DIVIDEND TODAY
- COL (32c, 100%), APE (24c, 100%), VEA, GDG (1c, 100%), OCL, ABB, PPC, ALI tomorrow.
- SIQ, HUB (32c 100%), SUL, AUB, AFG, CCV Monday.
SCANS
- 52 Week Highs (Pre-market) – HDN, NEU, IPX, WAM, NWH, DYL, KLS, EOS, CBO, PGF.
- 52 Week Lows (Pre-market) – AMC, REH, EBO, TLX.
DIARY
US Non-Farm Payrolls (10:30pm tonight) will be the main event of the week. After the last number Trump fired Erika McEntarfer, the Bureau of Labor Statistics (BLS) commissioner because he didn't like the number. Acting commissioner William Wiatrowski knows which side his bread is buttered and will be dreading having to report another shocker. The last number, including a huge revision of previous months, triggered a 2.2% sell-off in the Nasdaq and a huge drop in bond yields. Let's see how this one goes. The market is quite relaxed about the impact of tariffs on growth and inflation at the moment. We need to get through this jobs number and the main US CPI number on September 10 ahead of the FOMC Meeting on September 17th.
TODAY
US Corporate – Broadcom results. Biggest holding in SEMI. Up 4% after hours.
- US – Services PMI (12am).
- UK – Retail Sales.
- US – Non-Farm Payrolls (10:30pm). Number of jobs added expected to rise from 73k to 78k with a small rise in unemployment to 4.3%.
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Except where otherwise specifically indicated, any financial product advice is provided on this website or newsletter is provided by Marcus Today Pty Ltd, Marcus Padley or Henry Jennings as Authorised Representatives of AdviceNet Pty Ltd AFSL No. 308200. The advice provided is general in nature and is not personal financial product advice. The advice has been prepared without taking into account your objectives, financial situation or needs and because of this you should, before acting on it, consider the appropriateness of the advice having regard to your objectives, financial situation and needs. You should carefully read and consider any Product Disclosure Statement (PDS) or other disclosure document that is relevant to any financial product that has been discussed before making any decision about whether to acquire the financial product. View PDS
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