Welcome to the place between the night and the start of the days trading.
Thanks @ttward, @Ravgnome & the aftermarket loungers.
Not going to try to compete with @Bugsams terrific reports but I do have a little light reading if you haven’t seen it already.
Excerpt from
CommSec Daily Report
Evening Report, 1 April 2019
Market climbs for a fifth straight session
The ASX 200 closed up 36 points or 0.6% to 6217
- The local share market started the new trading week, month and quarter in an encouraging manner, helped by optimism in relation to China US trade and better economic news.
marking the fifth consecutive day of gains.
Consumer Staples were the most improved after Woolworths (WOW) announced a $1.7 billion share buyback. The Materials and Healthcare sectors were the next most improved. Fortescue Metals Group (FMG) rose by 4.5%to $7.43, BHP Limited (BHP) and Rio Tinto (RIO) each firmed by 1.5% and 1.7% respectively. RIO announced that the recent cyclone in the Pilbara would impact shipments. Pilbara shipment guidance is now expected at the lower end of its 338-350Mt range. Solid gains for the banks underwrote the improvements for the market in broad terms with gains of 1% for both Westpac (WBC) and the Commonwealth Bank (CBA).
- Four sectors closed lower: Utilities, Industrials, Property trusts and Telecoms.
- In company news, Woolworths (WOW) rose 2.3% to $31.08 after the supermarket giant announced the closure of up to 30 BIG W stores over the next three years. WOW will not renew leases for two distribution centres when they expire. WOW expects BIG W to record another loss in FY19 of between $80-100 million. This is despite a 6% lift in comparable sales over 3Q19. WOW confirmed the completion of its petrol business sale to UK-based EG Group which will pave the way for a $1.7 billion off-market share buy-back.
- Shares in Bubs Australia (BUB) closed the session 1 cent lower having resumed trade after completing a private share placement at $0.65 per share, to private equity firm C2 Capital Partners, which will raise approximately $31.44 million. The funds have been used to acquire infant formula producer Australia dairy operator Deloraine for $25 million in cash and Bubs shares to the value of $10 million.
- 2.27b shares were traded, worth $5.87b. 565 shares closed higher, 549 finished weaker, while 397ended unchanged.
- In economic news, the CoreLogic Home Value Index of national home prices fell by 0.6% in March –the smallest decline since October, to be down 6.9% over the year. Prices fell in all capital cities except Hobart (up 0.6%) and Canberra (flat). Regional prices fell by 0.4%. The NAB Business Conditions Index rose from +4.2 points to +7.0 points in March, above the long-term average of +5.9 points. Although, the business confidence index fell from +1.8 points to -0.4 points.
Late in the day’s trading sees the DOW well in positive territory.
Hope you all have a great day out there. Apologies for formatting.
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.
- Forums
- ASX - Day Trading
- Day Trading Pre-market Open - 2 Apr 2019
Day Trading Pre-market Open - 2 Apr 2019
-
- There are more pages in this discussion • 50 more messages in this thread...
This thread is closed.
You may not reply to this discussion at this time.
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)