A choppy day for the local bourse, which saw the ASX 200 come home with a wet sail to finish up 0.01%

A choppy day for the local bourse, which saw the ASX 200 come home with a wet sail to finish up 0.01%. Healthcare led the gains thanks to the sector's biggest component stock, CSL, lifting 2.8% on strong results. Top stock of the day was Treasury Wine Estates, which reported a heavy drop in profits yesterday but signalled a strong recovery ahead, prompting a double upgrade from JP Morgan today - from underweight to overweight. Meanwhile, the REITs sector dipped 1.8%, driven by falls in GPT and Charter Hall. Our top three VODs today are:

Seven Group CEO Ryan Stokes: "The strength of the group is diversity" but Boral is best positioned

IPH shows resilience

Why Gaurav is holding BHP, but selling RIO


 

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  1. 12:40The local bourse surged at the open after a strong Friday night lead in from Wall St but trailed off this afternoon to close up 0.43%.Mar 08, 2021
  2. 09:17It was another forgettable performance from the local market, wallowing in negative territory throughout Friday’s session...Mar 05, 2021
  3. 14:12Early on there was cause for joy, oh yes, there were even brief bouts of optimism following a decent lead overnight for materials, but by the end of the session we were down to the tune of 1.1%.Mar 04, 2021
  4. 12:13Local equities rebounded on Wednesday, helped by an improvement in risk appetite across the region and a stronger-than-expected Australian GDP report...Mar 03, 2021
  5. 12:15It was a case of what could have been for the local market today with a strong opening bounce fizzling into the close, a disappointing result following strong gains on Monday.Mar 02, 2021
  6. 10:41Australian shares surged to start the trading week, recouping some of the steep losses seen on Friday...Mar 01, 2021
  7. 13:22The ASX 200 followed Wall St lower, with no real rhyme or reason, closing down 2.35%...Feb 26, 2021
  8. 15:10Green on the screen today as the major index recovered from yesterday's losses to close up 0.8%.Feb 25, 2021
  9. 15:07Tuesday's bounce proved to be fleeting with the ASX falling heavily in line with movements in regional markets and profit taking in cyclical sectors such as materials, energy and financials...Feb 24, 2021
  10. 11:33The ASX200 came home strongly this afternoon to finish up 0.9% thanks to some massive gains in the REITs, resources and energy sectors.Feb 23, 2021