The S&P/ASX 200 closed 138.6 points lower, down 1.74%.
It was all about pricing risk today. In short, stocks tumbled on ratcheting fears a major global growth slowdown due to President Trump’s trade war is inevitable.
In keeping with this, today's two worst performing sectors were Resources (XJR) (-3.4%) and Energy (XEJ) (-2.7%). In Resources, there were big falls in base metals, iron ore, lithium, and rare earths stocks. In Energy, it was oil and gas and coal stocks bore the brunt.
Not as bad, were interest rate sensitives, that is, those sectors that enjoy the greatest positive impact from the big fall in risk-free yields markets have experienced since Friday.
But, at the end of the day, one can’t sugar coat what happened – all eleven of the major ASX sectors were down today and it was a resounding vote of no confidence in Aussie stocks.
Click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all the key upcoming economic data in tonight's Evening Wrap.
Also, I have detailed technical analysis on the NASDAQ Composite, S&P/ASX 200 and US 10-Year T-Bond Yields in today's ChartWatch.
Let's dive in!
Today in Review
Mon 31 Mar 25, 5:51pm (AEDT)
| Name | Value | % Chg |
|---|---|---|
| Major Indices | ||
| ASX 200 | 7,843.4 | -1.74% |
| All Ords | 8,053.2 | -1.74% |
| Small Ords | 3,000.0 | -2.05% |
| All Tech | 3,318.9 | -2.16% |
| Emerging Companies | 2,237.2 | -1.48% |
| Currency | ||
| AUD/USD | 0.6285 | -0.02% |
| US Futures | ||
| S&P 500 | 5,579.75 | -0.77% |
| Dow Jones | 41,647.0 | -0.49% |
| Nasdaq | 19,213.75 | -1.25% |
| Name | Value | % Chg |
|---|---|---|
| Sector | ||
| Financials | 8,323.7 | -1.03% |
| Consumer Staples | 11,660.2 | -1.05% |
| Utilities | 9,058.9 | -1.18% |
| Information Technology | 2,260.0 | -1.25% |
| Industrials | 7,759.9 | -1.28% |
| Health Care | 40,528.7 | -1.34% |
| Communication Services | 1,624.1 | -1.52% |
| Consumer Discretionary | 3,768.7 | -1.54% |
| Real Estate | 3,485.3 | -2.15% |
| Energy | 7,939.7 | -2.68% |
| Materials | 15,975.7 | -3.35% |
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Markets
ASX 200 Session Chart
The S&P/ASX 200 (XJO) finished 138.6 points lower at 7,843.4, 1.77% from its session high and smack–bang on its session low. In the broader-based S&P/ASX 300 (XKO), advancers lagged decliners by a dismal 24 to 266.
That close on the low and horrific market breadth tells you it was just about unanimous – it was better to own cash today than own stocks. After all, that’s the whole point of a stock trade. One party prefers cash, and the other stock. They just need to agree on a price.
For the supply side, today’s trade was about lowering prices enough to entice out buyers to offload to. For the demand-side it was about picking and choosing where you want to allocate risk for the risk you must still allocate (there are always buyers on any day!).
Perhaps this is why sectors at the more defensive end of the spectrum were less-hard hit than those at the risk-global-growth end of the spectrum.
It was all about pricing risk today. When you get to ChartWatch you’ll see what the most significant driver of global asset prices presently is, and why it is causing demand for cash to outweigh the demand for stocks.
In short, risk-free market yields have tumbled on ratcheting fears a major global growth slowdown due to President Trump’s trade war is inevitable.
This is in keeping with today’s two worst performing sectors, Resources (XJR) (-3.4%) and Energy (XEJ) (-2.7%). In Resources, there were big falls in base metals, iron ore, lithium, and rare earths stocks. There's no point trying to list them one by one – so see the table below.
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
Pilbara Minerals (PLS) | $1.685 | -$0.15 | -8.2% | -11.3% | -55.1% |
Firefly Metals (FFM) | $0.965 | -$0.065 | -6.3% | -1.0% | +35.0% |
IGO (IGO) | $3.96 | -$0.24 | -5.7% | -0.5% | -42.6% |
Arafura Rare Earths (ARU) | $0.170 | -$0.01 | -5.6% | 0% | -12.8% |
Chalice Mining (CHN) | $1.145 | -$0.065 | -5.4% | -15.2% | +6.5% |
Mineral Resources (MIN) | $23.97 | -$1.31 | -5.2% | +5.5% | -64.9% |
Iluka Resources (ILU) | $3.88 | -$0.21 | -5.1% | -6.5% | -45.0% |
Lynas Rare Earths (LYC) | $6.91 | -$0.37 | -5.1% | +1.8% | +25.0% |
Rio Tinto (RIO) | $115.49 | -$5.77 | -4.8% | +1.9% | -4.5% |
Bluescope Steel (BSL) | $21.28 | -$1.03 | -4.6% | -12.3% | -7.5% |
Liontown Resources (LTR) | $0.625 | -$0.03 | -4.6% | -2.3% | -45.2% |
South32 (S32) | $3.22 | -$0.15 | -4.5% | -8.5% | +9.9% |
Sandfire Resources (SFR) | $10.36 | -$0.44 | -4.1% | -2.2% | +20.3% |
Nickel Industries (NIC) | $0.595 | -$0.025 | -4.0% | -17.4% | -23.7% |
Fortescue (FMG) | $15.37 | -$0.64 | -4.0% | -6.9% | -39.0% |
Sims (SGM) | $14.63 | -$0.59 | -3.9% | +0.8% | +18.8% |
BHP Group (BHP) | $38.20 | -$1.49 | -3.8% | -2.2% | -12.5% |
Deterra Royalties (DRR) | $3.60 | -$0.14 | -3.7% | +0.3% | -24.1% |
Base metals, iron ore, lithium, and rare earths stocks were hit hard today
In Energy, oil and gas and coal stocks bore the brunt of the selloff, but for some reason (there was no change in the uranium price on Friday), uranium stocks were spared, and many even managed gains.
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
Elevate Uranium (EL8) | $0.235 | +$0.03 | +14.6% | +9.3% | -51.0% |
Alligator Energy (AGE) | $0.034 | +$0.003 | +9.7% | +13.3% | -39.3% |
Aura Energy (AEE) | $0.160 | +$0.01 | +6.7% | +23.1% | -5.9% |
Bannerman Energy (BMN) | $2.54 | +$0.14 | +5.8% | +10.0% | -30.8% |
Deep Yellow (DYL) | $1.060 | +$0.035 | +3.4% | +1.9% | -19.7% |
Boss Energy (BOE) | $2.48 | +$0.03 | +1.2% | 0% | -46.4% |
Santos (STO) | $6.66 | -$0.14 | -2.1% | +1.8% | -13.5% |
Whitehaven Coal (WHC) | $5.47 | -$0.14 | -2.5% | -2.8% | -18.8% |
Viva Energy Group (VEA) | $1.705 | -$0.05 | -2.8% | -1.2% | -53.8% |
New Hope Corporation (NHC) | $3.71 | -$0.11 | -2.9% | -7.7% | -16.8% |
Woodside Energy Group (WDS) | $23.12 | -$0.69 | -2.9% | -6.7% | -23.7% |
Ampol (ALD) | $23.42 | -$0.72 | -3.0% | -11.7% | -40.7% |
Yancoal Australia (YAL) | $5.06 | -$0.17 | -3.3% | -16.8% | -3.3% |
Beach Energy (BPT) | $1.435 | -$0.05 | -3.4% | +2.9% | -18.9% |
Coronado Global Resources (CRN) | $0.330 | -$0.015 | -4.3% | -41.1% | -72.5% |
Karoon Energy (KAR) | $1.575 | -$0.085 | -5.1% | +2.6% | -27.1% |
Paladin Energy (PDN) | $5.11 | -$0.31 | -5.7% | -25.7% | -63.5% |
Nexgen Energy (NXG) | $7.20 | -$0.57 | -7.3% | -16.5% | -38.0% |
Uranium was spared the rod in Energy
Not as bad, were interest rate sensitives, that is, those sectors that enjoy the greatest positive impact from the big fall in risk-free yields markets have experienced since Friday. So, we saw the likes of Financials (XFJ) (-1.0%), Utilities (XUJ) (-1.2%), and Information Technology (XIJ) (-1.3%) log more moderate losses than the benchmark XJO.
Defensive Consumer Staples (XSJ) (-1.1%) was also less harshly dealt with.
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
Wisetech Global (WTC) | $81.23 | +$1.18 | +1.5% | -9.2% | -15.8% |
Hansen Technologies (HSN) | $5.00 | +$0.07 | +1.4% | -1.2% | +3.7% |
Data#3 (DTL) | $7.25 | +$0.08 | +1.1% | -6.2% | -12.1% |
Commonwealth Bank of Australia (CBA) | $150.93 | +$0.5 | +0.3% | -3.7% | +25.8% |
Washington H Soul Pattinson & Company (SOL) | $34.69 | -$0.05 | -0.1% | +1.7% | +4.3% |
NIB (NHF) | $6.85 | -$0.01 | -0.1% | +2.5% | -12.0% |
National Australia Bank (NAB) | $34.02 | -$0.15 | -0.4% | -3.6% | -1.9% |
Insurance Australia Group (IAG) | $7.71 | -$0.04 | -0.5% | -2.4% | +19.7% |
Bank of Queensland (BOQ) | $6.74 | -$0.04 | -0.6% | +0.6% | +8.4% |
The A2 Milk Company (A2M) | $7.93 | -$0.05 | -0.6% | -0.6% | +28.3% |
Metcash (MTS) | $3.16 | -$0.02 | -0.6% | +0.6% | -19.2% |
Bendigo and Adelaide Bank (BEN) | $10.63 | -$0.07 | -0.7% | -0.8% | +5.5% |
Xero (XRO) | $154.75 | -$1.11 | -0.7% | -9.4% | +15.6% |
APA Group (APA) | $7.90 | -$0.06 | -0.8% | +7.0% | -4.7% |
Woolworths Group (WOW) | $29.55 | -$0.23 | -0.8% | -1.5% | -9.5% |
Coles Group (COL) | $19.53 | -$0.17 | -0.9% | -2.3% | +15.7% |
Westpac Banking Corporation (WBC) | $31.57 | -$0.32 | -1.0% | -0.8% | +22.1% |
Origin Energy (ORG) | $10.53 | -$0.14 | -1.3% | -3.7% | +16.0% |
AGL Energy (AGL) | $10.52 | -$0.16 | -1.5% | +0.6% | +27.2% |
ANZ Group (ANZ) | $29.09 | -$0.55 | -1.9% | -2.4% | -0.6% |
Technology One (TNE) | $27.84 | -$0.67 | -2.4% | -5.5% | +66.2% |
Macquarie Technology Group (MAQ) | $62.86 | -$1.67 | -2.6% | -8.9% | -21.1% |
The least-worst stocks today, hey some actually went up amidst the carnage!
But, at the end of the day, one can’t sugar coat what happened – all eleven of the major ASX sectors were down today and it was a resounding vote of no confidence in Aussie stocks.
ChartWatch
NASDAQ Composite Index
It's just how the cookie crumbles...🍪 (click here for full size image)
What’s the old saying: To be forewarned is forearmed? ⚠️💪
We’ve had so many warning signs in the Comp chart leading up to Friday’s long supply-side candle with low close:
The price action turned to falling peaks and falling troughs (27-Feb)
The candles turned to predominantly supply-side in nature (i.e. black-bodied and or upward pointing shadows) (arguably also 27-Feb)
The short term trend turned to down (28-Feb)
The long term trend turned to neutral (4-Mar)
The price closed below the long term trend ribbon (10-Mar)
A peak formed below the long term trend ribbon (13-Mar)
The price was repelled from the short/long term trend ribbons perfectly with a supply-side candle (26-Mar)
Follow through supply-side confirmation the short/long term trend ribbons are now acting as zones of dynamic supply (i.e., a critical determinant of a bear market) (27-Mar and 28-Mar)
Remember how a few weeks ago I said we’re in a NOT Bull market? Well as far as my technical model is concerned (and traditional measures of the 20% decline rule) – with the clear rejection of long term trend ribbon – and with proof it is now acting as a zone of dynamic supply: We are now as good as in a bear market.
Also remember, how previously I’ve said a close below 17238 is lights out for the bulls? Well, I suggest the chart above makes that about as clear as crystal now.
Next stops? 16668, 15708-16021.
Salvation? Resurrection? At least a close above 18282, but more importantly above the trend ribbons/18605.
What do you think the probabilities are of each of those two (i.e., next stops vs resurrection) are of playing out? 🤔
And that is all a trend follower can do. Read the chart, understand the prevailing demand-supply control and how it might be changing, make a call on the probabilities of potential outcomes – AND MANAGE ONE’S RISK ACCORDINGLY!
US 10 Year T-Bond Yield
You can't fight the market doing what it does best! Pricing risk! ⚖️ (click here for full size image)
A horse walks into a bar. The bartender says why the long face? 🐴
You might be asking right now: Why the long black candle on the Comp (and in the next chart of the XJO below)?
Take it from the horses mouth: Because of the corresponding long black candle in the chart above.
If you are a long suffering reader of this Evening Wrap, you would have heard me bang on endlessly about the importance of this chart in determining what's happening on pretty much every other chart on the planet.
This is because this chart is the ultimate representation of the price of risk-free money. It is the price of risk-free money that sets the price of all other assets (stamps, fine wine...and stocks!) accordingly.
This is because there's a thing called opportunity cost. You might want to ask Grok or ChatGPT why opportunity cost is the single most important driving force in setting prices in markets.
For now, though, just think: The yield in the above chart is trying to price risk, and more specifically, the risk of a financial calamity occuring. For the moment (because you'll also likely remember from our discussions here that it can and does change depending on circumstance) big black candles on this chart equate to a greater chance of financial calamity.
The reasons for the calamity are irrelevant – because we are technical analysts here and NOT fundamental analysts – but let's just say: Thanks for nothing President Trump! 🤦
What's more important for us is should this chart really begin to unravel and print more big black candles like Friday's. Worse, if this should cause it to plumb depths below 4.10%, and particularly below 4.0% (I suggest a major psychological level).
Because if it does, then the chart above (Comp), and below (XJO) are going to look a bit messy. 😱
S&P/ASX 200 (XJO)
Ditto cry-o 😭 (click here for full size image)
I'll leave it to you to do the homework on when the XJO began to tick the various boxes we typically associate with supply-side control. For now, let's just appreciate how much control they appear to have.
That last big black candle is a pretty big give away. On above average volume as well.
So, today we saw lots of selling hit lots of buying (yes...because for every seller there is a buyer – high volume means lots of buying too!). But the motivation of the supply-side (let's call it panic) was far greater than the motivation of the demand-side (let's call it – not this little black duck!).
More specifically, the supply-side was prepared to let go of their shares at much lower, and lower prices in an attempt to entice out cash to buy them. That cash wasn't very forthcoming.
The selling persisted right to the closing bell (and beyond in to the closing auction), as the close on the low of the session tells us. This smacks of a bunch of sellers who just couldn't get the job done by the end of the day.
All things being equal, they'll likely pick up where they left off tomorrow – hence the importance I place on a low session close.
But if things aren't equal, that is, if there are fundamental developments tonight that result in a change of supply-side sentiment tomorrow, they may choose to abstain. And we could bounce...or at least not go down so much.
So the job here is done for the day, and there's little to add here that I haven't already discussed. It's over the the other time zones now! 🤞
Economy
Today
CHN Purchasing Managers' Index (PMI) March
Manufacturing PMI: 50.5 actual vs 50.4 forecast and 50.2 in February
Non-Manufacturing PMI: 50.8 actual vs 50.5 forecast and 50.4 in February
In summary, both manufacturing and services sectors in China are growing (readings above 50.0 indicate growth), and they grew at a faster than expected clip this month.
Later this week
Tuesday
09:45 CHN Caixin Manufacturing PMI March (50.6 forecast vs 50.8 in February)
11:30 AUS RBA Cash Rate (no change at 4.10% forecast)
12:30 AUS RBA Press Conference
22:00 USA ISM Manufacturing PMI March (49.6 forecast, unchanged from February)
22:00 USA JOLTS Job Openings February (7.73 million forecast vs 7.74 million in February)
Wednesday
08:30 AUS Building Approvals February (1.4% forecast vs +6.3% in January)
Thursday
All day OPEC+ Meetings
09:45 CHN Caixin Services PMI March (51.5 forecast vs 51.4 in February)
22:00 USA ISM Services PMI February (53.0 forecast vs 53.0 in February)
Friday
All Day Chinese Bank Holiday
20:30 USA Non-Farm Payrolls Data March
Employment Change: +139,000 forecast vs +151,000 in February
Average Hourly Earnings: +0.3% forecast, unchanged from February
Unemployment Rate: 4.1%, unchanged from February
23:25 USA Federal Reserve Chairman Jerome Powell speech
Latest News
Insider Trades: 5 ASX 200 directors bought and sold these stocks last week
Mon 31 Mar 25, 11:47am (AEDT)
The 10 most shorted ASX stocks plus the biggest risers and fallers – Week 14
Mon 31 Mar 25, 10:44am (AEDT)
ASX 200 stocks hitting fresh 52-week highs and lows – Week 14
Mon 31 Mar 25, 9:58am (AEDT)
ChartWatch ASX Scans: Warning signs for Fortescue, PME, GMG and PDN vs golden trends in EVN, NEM and PRU
Mon 31 Mar 25, 9:30am (AEDT)
Mon 31 Mar 25, 8:40am (AEDT)
More News
Interesting Movers
Trading higher
+14.6% Elevate Uranium (EL8) - No news, general strength across the broader Uranium sector today (but it’s not like overseas uranium stocks were strong on Friday, either! 🤔).
+9.7% Alligator Energy (AGE) - No news, general strength across the broader Uranium sector today.
+8.5% Global X Ultra Short Nasdaq-100 Hedge Fund ETF (SNAS) - No news (short index ETF).
+6.8% BetaShares US EQY Strong Bear ETF (BBUS) - No news (short index ETF).
+6.7% Aura Energy (AEE) - No news, general strength across the broader Uranium sector today.
+6.4% Southern Cross Electrical Engineering (SXE) - Investor Presentation - Acquisition of Force Fire Holdings.
+6.1% Lotus Resources (LOT) - No news, general strength across the broader Uranium sector today.
+5.8% Bannerman Energy (BMN) - No news, general strength across the broader Uranium sector today.
+4.9% Catalyst Metals (CYL) - No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+4.5% Alkane Resources (ALK) - No news since 28-Mar Underground Resource Expansion Drilling at Tomingley, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+4.4% Orora (ORA) - ORA - update on French Competition Authority.
+4.4% Peninsula Energy (PEN) - No news, general strength across the broader Uranium sector today.
+4.0% BetaShares Australian Strong Bear ETF (BBOZ) - No news (short index ETF).
+3.8% Metals X (MLX) - No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+3.4% Deep Yellow (DYL) - No news, general strength across the broader Uranium sector today.
+3.3% Meeka Metals (MEK) - Murchison Development Update - March 2025, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+3.3% Aspen Group (APZ) - No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+3.0% Pantoro (PNR) - No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+2.7% Black Cat Syndicate (BC8) - No news since 28-Mar Response to ASX Price Query, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
Trading lower
-12.2% Live Verdure (LV1) - No news, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down 🔎📉
-11.8% Sovereign Metals (SVM) - No news since 26-Mar Sovereign Completes A$40 Million Placement.
-10.4% Adriatic Metals (ADT) - 2024 Annual Report to Shareholders and Operations Update.
-9.8% BetaShares Crypto Innovators ETF (CRYP) - No news (big falls in crypto since Friday).
-8.8% Global X Ultra Long Nasdaq-100 Hedge Fund ETF (LNAS) - No news, (long index ETF).
-8.5% Santana Minerals (SMI) - No news, general weakness across the broader Resources sector today.
-8.2% Pilbara Minerals (PLS) - No news, general weakness across the broader Resources sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-7.9% Horizon Minerals (HRZ) - Gold Mining and Processing Update.
-7.7% Zip Co. (ZIP) - Change in substantial holding (State Street, so possibly an increase in short seller activity here), fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-7.6% Light & Wonder (LNW) - No news (probably US exposure 🤔).
-7.3% Nexgen Energy (NXG) - No news, general weakness across the broader Resources sector today (tracked US counterpart's Friday move…so again, local uranium stocks had a VERY good day!), fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-6.7% Champion Iron (CIA) - No news, general weakness across the broader Resources sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-6.7% BetaShares Geared US Equity Fund Currency Hedged ETF (GGUS) - Now news (long index ETF).
-6.6% Weebit Nano (WBT) - No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-6.3% Firefly Metals (FFM) - No news, general weakness across the broader Resources sector today.
-5.8% WA1 Resources (WA1) - No news, general weakness across the broader Resources sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-5.7% HMC Capital (HMC) - No news, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-5.7% Paladin Energy (PDN) - No news (missed out on broader ASX uranium rally! 🤔), fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-5.7% IGO (IGO) - No news, general weakness across the broader Resources sector today, fall is consistent with prevailing short and long term downtrends, one of the most Featured (highest conviction) stocks in ChartWatch ASX Scans Downtrends list 🔎📉
Broker Moves
The A2 Milk Company (A2M)
Upgraded to buy from neutral at Bank of America; Price Target: $8.90 from $7.10
Adriatic Metals (ADT)
Retained at buy at Canaccord Genuity; Price Target: $4.75
AGL Energy (AGL)
Retained at equal-weight at Morgan Stanley; Price Target: $11.88
Ampol (ALD)
Retained at overweight at Morgan Stanley; Price Target: $31.00
Alkane Resources (ALK)
Retained at buy at Bell Potter; Price Target: $1.400 from $1.200
Austin Engineering (ANG)
Retained at buy at Bell Potter; Price Target: $0.850
ANZ Group (ANZ)
Retained at sell at Citi; Price Target: $25.25
APA Group (APA)
Retained at equal-weight at Morgan Stanley; Price Target: $8.28
BHP Group (BHP)
Retained at overweight at Morgan Stanley; Price Target: $48.50
Boss Energy (BOE)
Retained at buy at Canaccord Genuity; Price Target: $5.35
Retained at outperform at Macquarie; Price Target: $4.50 from $4.80
Retained at buy at Ord Minnett; Price Target: $4.70
Beach Energy (BPT)
Retained at underweight at Morgan Stanley; Price Target: $1.460
Brazilian Rare Earths (BRE)
Retained at buy at Ord Minnett; Price Target: $7.00 from $5.50
Commonwealth Bank of Australia (CBA)
Retained at sell at Citi; Price Target: $90.75
Capricorn Metals (CMM)
Retained at hold at Bell Potter; Price Target: $8.61 from $7.84
CSL (CSL)
Retained at overweight at Morgan Stanley; Price Target: $313.00
Evolution Mining (EVN)
Retained at buy at Bell Potter; Price Target: $7.89 from $7.00
Retained at equal-weight at Morgan Stanley; Price Target: $5.55
Fortescue (FMG)
Retained at equal-weight at Morgan Stanley; Price Target: $18.10
Genesis Minerals (GMD)
Retained at hold at Bell Potter; Price Target: $3.75 from $3.35
Gold Road Resources (GOR)
Downgraded to hold from buy at Argonaut Securities; Price Target: $3.05
IGO (IGO)
Retained at underweight at Morgan Stanley; Price Target: $3.85
Iluka Resources (ILU)
Retained at outperform at Macquarie; Price Target: $6.80
Ingenia Communities Group (INA)
Retained at buy at Citi; Price Target: $6.50
Incitec Pivot (IPL)
Retained at neutral at Citi; Price Target: $3.20
Retained at buy at UBS; Price Target: $3.50
LGI (LGI)
Initiated at buy at Canaccord Genuity; Price Target: $3.50
Lynas Rare Earths (LYC)
Retained at neutral at Macquarie; Price Target: $7.10
Meteoric Resources (MEI)
Retained at outperform at Macquarie; Price Target: $0.360
Mineral Resources (MIN)
Retained at overweight at Morgan Stanley; Price Target: $50.00
Medallion Metals (MM8)
Retained at buy at Canaccord Genuity; Price Target: $0.550
Medibank Private (MPL)
Retained at buy at Bank of America; Price Target: $4.80
National Australia Bank (NAB)
Retained at sell at Citi; Price Target: $26.50
NIB (NHF)
Retained at buy at Bank of America; Price Target: $8.10
Northern Star Resources (NST)
Upgraded to buy from hold at Bell Potter; Price Target: $22.15 from $20.00
Retained at equal-weight at Morgan Stanley; Price Target: $17.30
Origin Energy (ORG)
Retained at underweight at Morgan Stanley; Price Target: $8.88
Pilbara Minerals (PLS)
Retained at overweight at Morgan Stanley; Price Target: $2.75
Pantoro (PNR)
Downgraded to sell from hold at Bell Potter; Price Target: $0.140 from $0.115
Pexa Group (PXA)
Retained at outperform at CLSA; Price Target: $16.80
Rio Tinto (RIO)
Retained at overweight at Morgan Stanley; Price Target: $130.50
Regis Resources (RRL)
Retained at buy at Bell Potter; Price Target: $4.34 from $3.75
Retained at equal-weight at Morgan Stanley; Price Target: $2.95
Rox Resources (RXL)
Retained at buy at Canaccord Genuity; Price Target: $0.560
Skycity Entertainment Group (SKC)
Retained at outperform at Macquarie; Price Target: NZ$1.55 from NZ$1.60
Santana Minerals (SMI)
Initiated at outperform at RBC Capital Markets; Price Target: $0.750
Service Stream (SSM)
Retained at buy at Citi; Price Target: $2.00
Santos (STO)
Retained at overweight at Morgan Stanley; Price Target: $7.46
Toubani Resources (TRE)
Retained at buy at Canaccord Genuity; Price Target: $1.400 from $1.300
Viva Energy Group (VEA)
Retained at equal-weight at Morgan Stanley; Price Target: $2.28
Westpac Banking Corporation (WBC)
Retained at sell at Citi; Price Target: $26.25
Retained at underperform at Macquarie; Price Target: $28.00
Retained at underweight at Morgan Stanley; Price Target: $27.30
Retained at lighten at Ord Minnett; Price Target: $27.00
Retained at buy at UBS; Price Target: $38.00
Woodside Energy Group (WDS)
Retained at equal-weight at Morgan Stanley; Price Target: $27.00
Whitehaven Coal (WHC)
Retained at overweight at Morgan Stanley; Price Target: $8.05
Scans
Top Gainers
| Code | Company | Last | % Chg |
|---|---|---|---|
| CYBR | Aucyber Ltd | $0.018 | +80.00% |
| SSH | SSH Group Ltd | $0.145 | +31.82% |
| NFL | Norfolk Metals Ltd | $0.16 | +28.00% |
| TOU | Tlou Energy Ltd | $0.026 | +23.81% |
| LGM | Legacy Minerals H... | $0.235 | +23.68% |
View all top gainers
Top Fallers
| Code | Company | Last | % Chg |
|---|---|---|---|
| KEY | KEY Petroleum Ltd | $0.047 | -24.19% |
| A1G | African Gold Ltd | $0.096 | -20.00% |
| MNC | Merino & Co. Ltd | $0.125 | -16.67% |
| H2G | GREENHY2 Ltd | $0.011 | -15.39% |
| ADX | ADX Energy Ltd | $0.024 | -14.29% |
View all top fallers
52 Week Highs
| Code | Company | Last | % Chg |
|---|---|---|---|
| CYBR | Aucyber Ltd | $0.018 | +80.00% |
| MM8 | Medallion Metals Ltd | $0.255 | +10.87% |
| BGD | Barton Gold Holdi... | $0.365 | +8.96% |
| DOC | Doctor Care Anywh... | $0.095 | +7.96% |
| MXR | Maximus Resources... | $0.085 | +6.25% |
View all 52 week highs
52 Week Lows
| Code | Company | Last | % Chg |
|---|---|---|---|
| KEY | KEY Petroleum Ltd | $0.047 | -24.19% |
| MNC | Merino & Co. Ltd | $0.125 | -16.67% |
| AVR | Anteris Technolog... | $6.50 | -12.40% |
| CR3 | Core Energy Miner... | $0.015 | -11.77% |
| AM7 | Arcadia Minerals Ltd | $0.018 | -10.00% |
View all 52 week lows
Near Highs
| Code | Company | Last | % Chg |
|---|---|---|---|
| BILL | Ishares Core Cash... | $100.74 | +0.03% |
| GLDN | Ishares Physical ... | $39.48 | +1.28% |
| MTO | Motorcycle Holdin... | $2.19 | 0.00% |
| GXLD | Global X Gold Bul... | $49.43 | +1.33% |
| AIZ | Air New Zealand Ltd | $0.575 | 0.00% |
View all near highs
Relative Strength Index (RSI) Oversold
| Code | Company | Last | % Chg |
|---|---|---|---|
| XYZ | Block, Inc | $86.47 | -4.47% |
| SEMI | Global X Semicond... | $14.96 | -4.29% |
| GMG | Goodman Group | $28.43 | -2.94% |
| PGC | Paragon Care Ltd | $0.375 | -5.06% |
| AMP | AMP Ltd | $1.235 | -3.52% |
View all RSI oversold
Written By
Carl Capolingua
Content Editor
Carl has over 30-year's investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
Carl has over 30-year's investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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