ASX 200 Discussion

[finicky]

Wow sorrry

 

[finicky]

Actually GFy

 

[qldfrog]

But indeed it was a rotation, not a global market fall.
I have 5 portfolios on the ASX
Only one in the red, down 0.3% mostly due to a btc ETF
A good day overall here

 

[finicky]

Today

 

[Captain_Chaza]

Crikey!----- I got 4 out of the Top 10 today--

Unfortunately they were all in The LOSERS column

BOE
DYL
MIN
PDN

Talk about Rotten Luck!

 

[finicky]

Best and worst stocks for the WEEK
Beach Petroleum (BPT) getting my buying interest again.

 

[Captain_Chaza]

Only 2 of the Top 10 for us this week
#1
#9 thanks to Cabin-boy Stampy spotting this Beauty on Sunday

 

[finicky]

Today
IDP Ecucation got some interest (not held)

 

[Captain_Chaza]

Only 2 of the Top 10 for us this week
#4
#8
Talk about Rotten Luck

 

[finicky]

Today
Pretty darn good day.
IEL top winner following on from yesterday (not held)
IDP Education (IEL) +11.7% was the best performer today as the government confirmed a revised international student enrolment cap, allowing an additional 25,000 international students, bringing the total to 295,000 for the next year. We quite like the risk/reward here in IEL.
(Market Matters)
TPG was just an ASX blunder where it was confused with TPG Capital.

 

[finicky]

Today - Market Matters
Westgold Resources (WGX) +5.07% jumped after forecasting higher gold production and improved cash flow as mine upgrades begin to take effect.

 

[finicky]

Today

I see the weekly close of Iluka as significant (held)

July net outflows for GQG. Market Matters says its attributable to one major client oulking its funds and MM took a position.
"GQG Partners (GQG) -14.6% posted $US1.4 billion in fund outflows during July. We took a position in the stock in both our Active Growth and Active Income portfolios."

 

[finicky]

Today
Lithium?!
Market Matters:
"Major Chinese battery producer CATL was forced to halt operations at their Xianxiawo lithium mine which accounts for ~3% of global lithium supply. The mine will be shut for at least 3 months triggering concerns of undersupply in lithium and sparking a move in spodumene prices and stocks alike."

 

[Captain_Chaza]

Today
Lithium?!
Market Matters:
"Major Chinese battery producer CATL was forced to halt operations at their Xianxiawo lithium mine which accounts for ~3% of global lithium supply. The mine will be shut for at least 3 months triggering concerns of undersupply in lithium and sparking a move in spodumene prices and stocks alike."

View attachment 205827

Only 2 out of the Top 10 for Me Today thanks Capt Ace-----Talk about Rotten Luck!
#1--PLS
#3 -MIN

 

[finicky]

Today:
Not often you see SGH in the losers column, and right at the bottom too.

Market Matters
"SGH –8.5% delivered a strong FY25 result today with earnings up 13% y/y however, guidance for FY26 underwhelmed, an issue for a stock that is well loved (and owned)."

 

[Captain_Chaza]

Crikey! I am on the WRONG side of the Ledger! --OUCH!
#3 BOE - 3. 52 %
#4 DYL - 3.82 %
This is Embarrassing!

 

[finicky]

Today:
Iluka still creeping up (held)
Surprising appearances in the losers column lately, yesterday it was SGH, today CBA.
Bottom of the heap today was AGL about which Market Matters had this to say:

​

AGL Energy (AGL) $8.88​

AGL -13.11%: disappointed as FY25 annual profit and FY26 guidance fell short of expectations, prompting a steep dividend cut. The stock slid as much as 14% to a new 52-week low, marking its sharpest one-day fall since October 2007.

• Revenue grew 6.0% to $14.39 billion from $13.58 billion.
• Underlying profit $640mn, -21% YoY, missing expectations by ~5%.
• Underlying Ebitda $2.01bn, -9.3% YoY.
• Underlying EPS $0.951 versus $1.027 YoY.
• Final dividend was cut almost 30% to 25c versus 35c YoY.

Looking ahead, AGL is banking on renewables to revive its fortunes, but its FY26 forecast came in about 11% below expectations. Overall, the result was underwhelming, prompting us to reassess our position in the MM Active Income Portfolio.

The Match Out: CBA sells off, drags ASX down with it - Market Matters

The Match Out: CBA sells off, drags ASX down with it Market Matters - ASX buy recommendations

marketmatters.com.au

 

[finicky]

Today:

Top of the pops:
Origin Energy (ORG) +6.33% hit a 52-week high after reporting a 26% rise in annual net profit at their FY25 result, driven by the LNG business offsetting weaker retail energy earnings.
Westpac (WBC) +6.31% jumped after posting a 14% lift in third-quarter net profit to $1.9b, marking its best single-day gain since 2020.
Pro Medicus (PME) +6.24% rose after a 40% lift in annual net profit to $115.2 million, in line with expectations, supported by new US contracts and the launch of their Visage 7 product line.

The Match Out: WBC quarterly fuels Bank rally as ASX hits fresh intra-day high - Market Matters

The Match Out: WBC quarterly fuels Bank rally as ASX hits fresh intra-day high Market Matters - ASX buy recommendations

marketmatters.com.au

 

[finicky]

Market Matters getting cautious on the ASX200
Part of a larger article this morning:

Macro Monday: Should we be concerned about high valuations? - Market Matters

Macro Monday: Should we be concerned about high valuations? Market Matters - ASX buy recommendations

marketmatters.com.au

 

[finicky]

Today
Lithium in the winners circle again