In a nutshell:
ASX 200 trended higher and close at best levels, clawing back part of Thursday's 2% selloff, though breadth was only modest with 62% of constituents higher
Tech surged 4.4% and is now up 8.1% in four sessions, with WiseTech (+6.6%), Xero (+4.5%) and TechnologyOne (+4.4%) joining a rally led earlier in the week by Codan and Data#3
The 3-year yield fell 4 bps to 4.88%, its lowest since 10 September, while Real Estate (-1.6%) slid to its lowest close since January 2024
Let's dive in
Today in Review
Name | Value | % Chg |
|---|---|---|
Major Indices | ||
| ASX 200 | 8,682.1 | +0.79% |
| All Ords | 8,854.7 | +0.69% |
| Small Ords | 3,326.4 | +0.54% |
| All Tech | 2,829.0 | +2.35% |
| Emerging Companies | 2,998.9 | +0.16% |
Currency | ||
| AUD/USD | 0.694 | +0.13% |
US Futures | ||
| S&P 500 | 7,725.0 | +0.12% |
| Dow Jones | 51,234.0 | -0.01% |
| Nasdaq | 30,771.25 | +0.24% |
Name | Value | % Chg |
|---|---|---|
Sector | ||
| Information Technology | 1,742.7 | +4.45% |
| Energy | 10,713.2 | +1.48% |
| Materials | 23,909.0 | +1.14% |
| Consumer Staples | 12,905.9 | +1.05% |
| Financials | 9,084.9 | +1.02% |
| Consumer Discretionary | 3,545.5 | +0.85% |
| Utilities | 9,795.0 | +0.73% |
| Communication Services | 1,533.2 | +0.54% |
| Industrials | 7,932.5 | +0.45% |
| Health Care | 31,547.1 | -1.10% |
| Real Estate | 3,178.8 | -1.65% |
ASX 200 Intraday Chart
ASX 200 trends higher to close at best levels (Source: Market Index)
Markets
ASX 200 on the mend after Thursday's 2% selloff, where all 11 sectors and 88% of constituents finished lower. Breadth was still a little dicey today, with 124 (62%) of constituents higher, and the laggards were mainly REITs, healthcare and the odd retailer and miner
A decent bounce and a close at session highs, but it's only a start. Encouragingly, the policy-sensitive 3-year yield is starting to roll over, down 4 bps to 4.88% (the lowest since 10 Sep), while the 10-year is down 4 bps to 5.32%. Brent is also easing (-0.8%) to US$101.38 after spiking ~4% overnight on news the US had deployed an additional aircraft carrier and 10,000 troops to the Middle East
A massive day for Tech (+4.4%), now up 8.1% over the last four sessions, though the rally is coming straight off a six-month low. It coincides with a string of strong updates from Codan (+28% this week on a 1H27 guidance update), Data#3 (+20.4% this week after better-than-expected 1H27 guidance) and Megaport (+13.4% after securing ~$1bn in AI contracts)
Those updates all landed earlier in the week, so it's interesting to see such a broad-based rally today, with 'old guard' names like WiseTech (+6.6%), Xero (+4.5%) and TechnologyOne (+4.4%) catching a strong bid. WiseTech was trading near year-to-date lows, which is pretty much a six-year low. The timing is a little odd given US software stocks (via the iShares Expanded Tech-Software Sector ETF) have looked constructive for weeks. So today's move looks like a late rotation, an oversold bounce or this week's trading updates lifting the sector more broadly
Healthcare (-1.1%) had been holding up incredibly well, but is now down 3.5% over the last two sessions and back at the lower bound of its recent trading range
Real Estate (-1.6%) closed at its lowest level since January 2024. The last two sessions have erased all of Wednesday's 3.6% rally
Overall, not a whole lot to see. The market is trying to stabilise after a sizeable dump to a near four-month low. Yields are (tentatively) moving in the right direction, we're seeing bounces from areas of technical weakness, so really, nothing to get too excited about yet
Today's best ASX Top 300 gainers
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
| Elsight (ELS) | $5.32 | +$0.61 | +13.0% | +3.1% | +144.0% |
| Megaport (MP1) | $22.34 | +$2.09 | +10.3% | +30.6% | +48.5% |
| Data3 (DTL) | $13.61 | +$0.98 | +7.8% | +22.9% | +48.6% |
| Life360 Inc (360) | $20.40 | +$1.34 | +7.0% | +1.1% | -62.1% |
| Alpha HPA (A4N) | $0.625 | +$0.04 | +6.8% | -3.8% | -23.8% |
| Wisetech Global (WTC) | $33.43 | +$2.09 | +6.7% | -15.8% | -62.9% |
| DroneShield (DRO) | $1.825 | +$0.11 | +6.4% | +3.4% | -64.8% |
| Aspen Group (APZ) | $4.49 | +$0.24 | +5.6% | -8.4% | -3.4% |
| Turaco Gold (TCG) | $0.905 | +$0.045 | +5.2% | +9.0% | +103.4% |
| Xero (XRO) | $57.85 | +$2.54 | +4.6% | -30.5% | -63.4% |
| Technology One (TNE) | $30.52 | +$1.30 | +4.4% | -5.2% | -20.5% |
| QBE Insurance Group (QBE) | $23.81 | +$0.96 | +4.2% | +5.9% | +12.8% |
| Treasury Wine Estates (TWE) | $5.61 | +$0.22 | +4.1% | +1.3% | -21.2% |
| IperionX (IPX) | $2.40 | +$0.09 | +3.9% | -22.6% | -69.8% |
| Zip Co (ZIP) | $2.07 | +$0.075 | +3.8% | -21.0% | -55.4% |
| Viva Energy Group (VEA) | $3.24 | +$0.10 | +3.2% | +6.6% | +78.0% |
| Whitehaven Coal (WHC) | $7.59 | +$0.23 | +3.1% | -12.3% | +14.1% |
| Netwealth Group (NWL) | $17.21 | +$0.52 | +3.1% | -16.9% | -42.8% |
| Cuscal (CCL) | $6.31 | +$0.19 | +3.1% | +12.5% | +60.2% |
| Beach Energy (BPT) | $0.85 | +$0.025 | +3.0% | -5.0% | -26.4% |
Today's worst ASX Top 300 losers
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
| EQ Resources (EQR) | $0.40 | -$0.045 | -10.1% | -5.9% | +1279.3% |
| Macmahon Holdings (MAH) | $1.00 | -$0.11 | -9.9% | -2.0% | +150.0% |
| Benz Mining Corp (BNZ) | $4.70 | -$0.43 | -8.4% | +23.0% | +155.4% |
| Core Lithium (CXO) | $0.295 | -$0.02 | -6.3% | -22.4% | +168.2% |
| Kelsian Group (KLS) | $3.87 | -$0.25 | -6.1% | -7.2% | -22.1% |
| Cochlear (COH) | $125.39 | -$4.95 | -3.8% | -6.7% | -55.5% |
| Navigator Global Investments (NGI) | $2.30 | -$0.09 | -3.8% | -5.0% | +7.4% |
| Elders (ELD) | $6.11 | -$0.22 | -3.5% | +2.5% | -17.9% |
| Graincorp (GNC) | $6.43 | -$0.22 | -3.3% | +2.7% | -28.9% |
| Aura Consolidated Group, Inc. (AXQ) | $3.56 | -$0.11 | -3.0% | +1.7% | -48.0% |
| HMC Capital (HMC) | $2.92 | -$0.09 | -3.0% | -8.7% | -6.7% |
| LendLease Group (LLC) | $2.64 | -$0.08 | -2.9% | -12.6% | -51.6% |
| Pro Medicus (PME) | $156.38 | -$4.71 | -2.9% | -11.4% | -49.3% |
| Telix Pharmaceuticals (TLX) | $15.16 | -$0.45 | -2.9% | -0.7% | -1.4% |
| L1 Global Long Short Fund (GLS) | $1.955 | -$0.055 | -2.7% | -8.6% | +32.0% |
| Summerset Group Holdings (SNZ) | $5.76 | -$0.16 | -2.7% | -19.0% | -39.4% |
| Vicinity Centres (VCX) | $2.27 | -$0.06 | -2.6% | -9.2% | -10.3% |
| Goodman Group (GMG) | $25.91 | -$0.68 | -2.6% | -5.7% | -23.1% |
| GR Engineering Services (GNG) | $7.44 | -$0.18 | -2.4% | +12.6% | +88.8% |
| Sunrise Energy Metals (SRL) | $21.09 | -$0.49 | -2.3% | +26.3% | +288.4% |
Economy
No major economic announcements.
Interesting Movers
Trading higher
- Praemium (PPS) $0.61+10.0%
CEO Anthony Wamsteker resigned with immediate effect, with chief commercial officer Denis Orrock stepping in as Acting CEO while an external search runs
- Artrya (AYA) $3.77+9.9%
Signed a five-year deal with Huntsville Hospital Health System worth a minimum US$0.5m, its fourth US customer and largest deployment to date across 15 hospitals
- Hansen Technologies (HSN) $3.42+9.6%
No market sensitive announcement, tech stocks traded broadly higher
- Data3 (DTL) $13.59+7.6%
Continuation buying after Thursday trading update which guided to 1H27 PBT growth of more than 40% to above $46.9m vs $39.1m ests (at least 20% beat), though earnings will be skewed to the first half
Trading Lower
- Stakk (SKK) $0.03-7.4%
Signed a five-year US$9m (about $12.95m) contract with US banking technology provider Candescent, worth US$1.8m a year through to 2030. The stock is still up 44.4% this week
- Kelsian Group (KLS) $3.85-6.7%
On Wednesday (after market close) guided to FY27 underlying EBITDA of $295-310m, an 8% miss vs ests at the midpoint, after completing its $149.9m Tourism Portfolio sale
- Cobre (CBE) $0.35-5.4%
Completed its $90m raise at $0.30 a share, with the $17.7m second tranche issued to Tribeca, Strata and directors to fund its Sierra Atacama copper mine in Chile
Broker Moves
Company | Broker | Action | Rating | Price Target |
|---|---|---|---|---|
29M29Metals | Macquarie | Retained | Neutral | $0.37 |
A11Atlantic Lithium | Macquarie | Retained | Neutral | $0.35 |
ALDAmpol | Macquarie | Retained | Outperform | $50.00 |
| Morgan Stanley | Retained | Overweight | $44.00 | |
AMIAurelia Metals | Macquarie | Downgraded | Neutral(from Outperform) | $0.53(from $0.48) |
ANZANZ Group Holdings | Macquarie | Retained | Neutral | $33.50 |
BENBendigo and Adelaide Bank | Macquarie | Retained | Underperform | $9.00 |
BGLBellevue Gold | Macquarie | Retained | Outperform | $1.80(from $1.70) |
BHPBHP Group | Macquarie | Retained | Neutral | $57.50(from $58.50) |
BOQBank of Queensland | Macquarie | Retained | Underperform | $5.50 |
CBACommonwealth Bank of Australia | Macquarie | Retained | Underperform | $112.00 |
CIAChampion Iron | Macquarie | Retained | Outperform | $4.80(from $6.80) |
CPUComputershare | Macquarie | Retained | Neutral | $38.00(from $39.00) |
CRNCoronado Global Resources Inc | Macquarie | Retained | Neutral | $0.20 |
CTMCentaurus Metals | Canaccord Genuity | Retained | Speculative Buy | $1.05 |
DPMDPM Metals Inc. | Macquarie | Downgraded | Neutral(from Outperform) | $61.00(from $55.00) |
DRRDeterra Royalties | Macquarie | Retained | Neutral | $4.60(from $4.70) |
ELVElevra Lithium | Macquarie | Retained | Outperform | $11.50(from $12.50) |
FFMFireFly Metals | Macquarie | Retained | Outperform | $2.50 |
FMGFortescue | Macquarie | Retained | Outperform | $20.00 |
GGPGreatland Resources | Macquarie | Upgraded | Outperform(from Neutral) | $12.30(from $13.00) |
GL1Global Lithium Resources | Macquarie | Downgraded | Neutral(from Outperform) | $1.15(from $0.85) |
IGOIGO | Macquarie | Retained | Outperform | $9.00(from $9.50) |
ILUIluka Resources | Macquarie | Retained | Outperform | $7.20(from $8.00) |
JDOJudo Capital Holdings | Macquarie | Retained | Outperform | $1.65 |
LINLindian Resources | Macquarie | Downgraded | Underperform(from Neutral) | $0.50(from $0.75) |
LTRLiontown | Macquarie | Retained | Outperform | $1.25(from $1.50) |
LYCLynas Rare Earths | Macquarie | Retained | Outperform | $19.00(from $20.00) |
| UBS | Retained | Buy | $21.00(from $22.50) | |
MEIMeteoric Resources | Macquarie | Retained | Outperform | $0.43 |
MI6Minerals 260 | Macquarie | Retained | Outperform | $1.30 |
MINMineral Resources | Macquarie | Retained | Outperform | $74.00(from $80.00) |
MP1Megaport | Bell Potter | Initiated | Buy | $27.00 |
NABNational Australia Bank | Macquarie | Retained | Neutral | $39.00 |
NEMNewmont Corporation | Macquarie | Retained | Outperform | $190.00(from $172.00) |
NHCNew Hope Corporation | Macquarie | Retained | Outperform | $7.40(from $6.40) |
NICNickel Industries | Macquarie | Retained | Outperform | $1.20(from $1.25) |
NWLNetwealth Group | Bell Potter | Retained | Buy | $25.00(from $30.00) |
PLSPLS Group | Macquarie | Retained | Outperform | $5.50(from $6.00) |
PMTPMET Resources Inc | Macquarie | Retained | Outperform | $0.70 |
QBEQBE Insurance Group | Macquarie | Upgraded | Outperform(from Neutral) | $26.20(from $23.40) |
RIORio Tinto | Macquarie | Upgraded | Outperform(from Neutral) | $186.00(from $180.00) |
S32South32 | Macquarie | Retained | Neutral | $5.00 |
SFRSandfire Resources | Macquarie | Retained | Neutral | $23.00 |
SGQSt George Mining | Macquarie | Retained | Outperform | $0.23 |
TCLTransurban Group | Macquarie | Upgraded | Outperform(from Neutral) | $14.00(from $13.50) |
WAFWest African Resources | Macquarie | Upgraded | Outperform(from Neutral) | $4.00 |
WBCWestpac Banking Corporation | Macquarie | Retained | Underperform | $30.00 |
WC8Wildcat Resources | Macquarie | Retained | Outperform | $0.80(from $0.90) |
WHCWhitehaven Coal | Macquarie | Retained | Outperform | $9.00(from $8.75) |
Scans
Top Gainers
Code | Company | Last | % Chg |
|---|---|---|---|
| M24 | Mamba Exploration Ltd | $0.071 | +57.78% |
| KYN | Kyron Capital Group | $0.03 | +20.00% |
| CAE | Cannindah Resources Ltd | $0.027 | +17.39% |
| WOA | Wide Open Agriculture Ltd | $0.014 | +16.67% |
| AXE | Archer Materials Ltd | $0.19 | +15.15% |
Top Fallers
Code | Company | Last | % Chg |
|---|---|---|---|
| ML8 | Moonlight Resources Ltd | $0.14 | -20.00% |
| FG1 | FLYNN Gold Ltd | $0.013 | -18.75% |
| EQX | Equatorial Resources Ltd | $0.125 | -16.67% |
| YRL | Yandal Resources Ltd | $0.105 | -16.00% |
| EPM | Eclipse Metals Ltd | $0.012 | -14.29% |
52 Week Highs
Code | Company | Last | % Chg |
|---|---|---|---|
| M24 | Mamba Exploration Ltd | $0.071 | +57.78% |
| SHA | Shape Australia Corporation Ltd | $8.12 | +8.27% |
| DTL | Data#3 Ltd | $13.61 | +7.76% |
| AVH | Avita Medical Inc | $3.52 | +6.02% |
| CCL | Cuscal Ltd | $6.31 | +3.11% |
52 Week Lows
Code | Company | Last | % Chg |
|---|---|---|---|
| FG1 | FLYNN Gold Ltd | $0.013 | -18.75% |
| EQX | Equatorial Resources Ltd | $0.125 | -16.67% |
| YRL | Yandal Resources Ltd | $0.105 | -16.00% |
| RAN | Range International Ltd | $0.08 | -13.04% |
| REM | Remsense Technologies Ltd | $0.021 | -12.50% |
Near Highs
Code | Company | Last | % Chg |
|---|---|---|---|
| IAGPF | Insurance Australia Group Ltd | $104.779 | -0.40% |
| VVLU | Vanguard Global Value Equity Active ETF | $80.30 | +0.63% |
| AYLD | Global X S&P/ASX 200 Covered Call Complex ETF | $10.22 | -0.78% |
| BILL | iShares Core Cash ETF | $100.73 | +0.01% |
| AMP | AMP Ltd | $2.55 | +1.19% |
Relative Strength Index (RSI) Oversold
Code | Company | Last | % Chg |
|---|---|---|---|
| APE | Eagers Automotive Ltd | $17.95 | -2.39% |
| GGOV | Betashares US Treasury Bond 20+ YR CCY Hedged ETF | $11.71 | -2.17% |
| GLPR | iShares Ftse GBL Property Ex Aus (Aud Hedged) ETF | $26.83 | -0.63% |
| BC8 | Black Cat Syndicate Ltd | $0.695 | -4.80% |
| TOLL | Betashares Ftse Global Infrastructure Share CH ETF | $24.90 | -0.40% |
