News | Market Wraps
Evening Wrap: ASX 200 steadies as stronger energy and lithium stocks offset deep falls in technology, PLS +4% vs NXT -8%
The S&P/ASX 200 closed 9.4 points lower, down 0.11%.
Mentioned
The S&P/ASX 200 closed 9.4 points lower, down 0.11%.
The ASX 200 slipped as markets paused into the weekend, with investors weighing ongoing uncertainty around Middle East negotiations despite a temporary extension to US deadlines. Oil remained elevated and volatility persisted, leaving the market largely rangebound after a strong mid-week rebound.
In stock specific news:
Whitehaven Coal (WHC) (+4.9%) — rallied after a UBS upgrade to “buy” citing gas-to-coal switching dynamics.
Vulcan Energy Resources (VUL) (+3.0%) — gained after reporting full-year profit ahead of analyst expectations.
Duratec (DUR) (+3.7%) — rose after securing a $45 million contract with Lihir Gold.
Weebit Nano (WBT) (-15.9%) — plunged after completing an $87 million capital raise, with shares trading below the placement price.
Syrah Resources (SYR) (-12.4%) — fell following the close of a $61 million capital raise.
Be sure to 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 economic data in tonight's Evening Wrap.
Also, I have detailed technical analysis on the Nasdaq Composite and the S&P/ASX 200 in today's ChartWatch.
Let's dive in!
Today in Review
Fri 27 Mar 26, 4:59pm (AEST)
Name | Value | % Chg |
|---|---|---|
Major Indices | ||
| ASX 200 | 8,516.3 | -0.11% |
| All Ords | 8,712.8 | -0.16% |
| Small Ords | 3,315.4 | -0.87% |
| All Tech | 2,553.0 | -1.49% |
| Emerging Companies | 2,899.0 | -0.61% |
Currency | ||
| AUD/USD | 0.6903 | +0.22% |
US Futures | ||
| S&P 500 | 6,560.75 | +0.55% |
| Dow Jones | 46,462.0 | +0.50% |
| Nasdaq | 23,934.25 | +0.59% |
Name | Value | % Chg |
|---|---|---|
Sector | ||
| Energy | 11,242.3 | +0.88% |
| Consumer Staples | 12,529.1 | +0.41% |
| Utilities | 10,387.2 | +0.36% |
| Materials | 21,457.2 | +0.18% |
| Communication Services | 1,682.1 | -0.06% |
| Health Care | 28,010.5 | -0.20% |
| Financials | 9,475.3 | -0.21% |
| Consumer Discretionary | 3,406.7 | -0.36% |
| Industrials | 7,893.7 | -0.41% |
| Real Estate | 3,272.1 | -0.85% |
| Information Technology | 1,561.1 | -1.53% |
Markets
%20intraday%20chart_27%20Mar.png)
ASX 200 Session Chart
The S&P/ASX 200 (XJO) finished 9.4 points lower at 8,516.3, 0.72% from its session low and just 0.11% from its high. In the broader-based S&P/ASX 300 (XKO) advancers lagged decliners by 105 to 176.
For the week, the XJO finished up 87.9 points or 1.0% higher, a tidy 3.1% from its intraweek low and just 0.56% from its intraweek high. Many would be surprised to see a weekly gain... It could have been far worse!
Energy (XEJ) (+0.9%) remained firm despite a slight dip in crude prices, continuing to benefit from ongoing supply uncertainty tied to the Middle East conflict. It’s been the place to be through this period, and even on quieter days it continues to hold up. Whitehaven Coal (WHC) (+4.9%) and New Hope Corp. (NHC) (+4.0%) led gains.
Consumer Staples (XSJ) (+0.4%) edged higher as a defensive pocket of the market, while Utilities (XUJ) (+0.4%) also firmed in sympathy with energy-linked themes. These sectors continue to quietly grind higher in the background of a volatile macro environment. Coles Group (COL) (+0.6%) and AGL Energy (AGL) (+0.5%) were notable movers.
Resources (XJR) (+0.4%) gained on strength in iron ore names and a surge in lithium stocks, with lithium prices in China pushing back toward short-term highs. Fortescue (FMG) (+1.7%) benefited from a rating upgrade to outperform from neutral at Macquarie. IGO (IGO) (+3.9%) and PLS Group (PLS) (+3.6%) led gains in lithium.
Information Technology (XIJ) (-1.5%) remained under pressure as the market continues to shun high-growth, high-PE names. There’s simply no appetite there at the moment. Weebit Nano (WBT) (-15.9%) and Nextdc (NXT) (-7.9%) led losses, while Catapult Sports (CAT) (-6.8%) also fell.
Gold Sub-Index (XGD) (-1.5%) continued its pullback as the inflation narrative stabilised. Kingsgate Consolidated (KCN) (-4.9%) and Genesis Minerals (GMD) (-3.9%) were among the weaker names.
Real Estate (XPJ) (-0.9%) softened as rising bond yields continued to weigh on rate-sensitive sectors. Aspen Group (APZ) (-7.1%) was a notable laggard.
In commodities, gold rose in Asian trade, gaining 1.9% to US$4,459/oz, while silver climbed 3.2% to US$70.10/oz as precious metals stabilised after recent volatility.
Copper also strengthened in Asian trade, rising 1.0% to US$5.36/lb, while iron ore slipped 0.6% in Singapore trade to US$106.8/t.
Brent crude eased 0.35% in Asian trade to US$101.52/bbl but remains near recent highs, keeping energy markets finely balanced.
Lithium prices surged in China trade, with GFEX lithium carbonate futures jumping 5.4% to 167,220 CNY/t, while spodumene concentrate rose 1.1% to US$2,235/t. The strength flowed through to lithium names including Vulcan Energy Resources (VUL) (+3.5%), Elevra Lithium (ELV) (+3.2%) and Liontown Resources (LTR) (+3.2%).
Today's best blue chip gainers
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Treasury Wine Estates (TWE) | $3.62 | +$0.25 | +7.4% | -21.3% | -63.6% |
Telix Pharmaceuticals (TLX) | $13.65 | +$0.73 | +5.7% | +33.8% | -50.4% |
W.H. Soul Pattinson (SOL) | $40.26 | +$1.92 | +5.0% | +7.0% | +16.8% |
Whitehaven Coal (WHC) | $9.23 | +$0.43 | +4.9% | +19.1% | +68.4% |
IGO (IGO) | $7.93 | +$0.3 | +3.9% | -11.2% | +89.7% |
PLS Group (PLS) | $5.15 | +$0.18 | +3.6% | -1.9% | +178.4% |
Cochlear (COH) | $170.23 | +$4.35 | +2.6% | -14.3% | -36.6% |
Mineral Resources (MIN) | $56.69 | +$1.33 | +2.4% | -6.2% | +129.0% |
The A2 Milk Company (A2M) | $9.44 | +$0.2 | +2.2% | -2.1% | +19.6% |
Bendigo Adelaide Bank (BEN) | $10.40 | +$0.21 | +2.1% | -4.8% | -2.3% |
Ampol (ALD) | $33.79 | +$0.66 | +2.0% | +21.8% | +39.9% |
Fortescue (FMG) | $20.19 | +$0.34 | +1.7% | -3.2% | +24.6% |
Life360 (360) | $19.29 | +$0.31 | +1.6% | -19.7% | -6.9% |
Rio Tinto (RIO) | $153.23 | +$2.21 | +1.5% | -9.1% | +27.6% |
Newmont (NEM) | $146.85 | +$1.97 | +1.4% | -16.4% | +94.1% |
Metcash (MTS) | $3.04 | +$0.04 | +1.3% | -9.3% | -3.2% |
Santos (STO) | $7.95 | +$0.1 | +1.3% | +17.6% | +18.8% |
Sonic Healthcare (SHL) | $20.63 | +$0.25 | +1.2% | -13.1% | -20.7% |
JB HI-FI (JBH) | $75.57 | +$0.85 | +1.1% | -7.8% | -19.6% |
Bank of Queensland (BOQ) | $6.96 | +$0.07 | +1.0% | -0.9% | +3.1% |
Today's worst blue chip losers
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Nextdc (NXT) | $11.44 | -$0.98 | -7.9% | -20.2% | -4.7% |
Genesis Minerals (GMD) | $5.62 | -$0.23 | -3.9% | -22.1% | +51.1% |
Greatland Resources (GGP) | $9.76 | -$0.35 | -3.5% | -27.7% | 0% |
Capricorn Metals (CMM) | $10.22 | -$0.34 | -3.2% | -27.0% | +27.9% |
Hub24 (HUB) | $81.16 | -$2.22 | -2.7% | -15.7% | +16.0% |
James Hardie (JHX) | $27.10 | -$0.68 | -2.4% | -21.5% | -30.1% |
Westgold Resources (WGX) | $5.42 | -$0.12 | -2.2% | -29.0% | +88.9% |
Macquarie (MQG) | $201.42 | -$4.42 | -2.1% | -3.9% | -0.9% |
Charter Hall (CHC) | $18.68 | -$0.35 | -1.8% | -14.2% | +11.2% |
Mirvac (MGR) | $1.770 | -$0.03 | -1.7% | -12.8% | -17.3% |
Perseus Mining (PRU) | $4.94 | -$0.08 | -1.6% | -15.0% | +52.5% |
AMP (AMP) | $1.250 | -$0.02 | -1.6% | -5.3% | -2.0% |
Car (CAR) | $22.59 | -$0.36 | -1.6% | -10.8% | -31.1% |
Downer EDI (DOW) | $7.73 | -$0.12 | -1.5% | -9.0% | +41.6% |
Pro Medicus (PME) | $117.70 | -$1.8 | -1.5% | -7.8% | -44.0% |
Orica (ORI) | $20.30 | -$0.3 | -1.5% | -15.9% | +16.7% |
Aristocrat Leisure (ALL) | $46.01 | -$0.67 | -1.4% | -2.3% | -29.7% |
Evolution Mining (EVN) | $12.46 | -$0.18 | -1.4% | -24.0% | +78.8% |
Regis Resources (RRL) | $6.26 | -$0.09 | -1.4% | -32.4% | +67.8% |
ChartWatch
Nasdaq Composite Index
Analysis
Min 67% cash 💵
Max 33% Risk = Longs + SHORTS ✅
I'd say, not a terrible place to be.
But what does one do now? 🤔
Same as we've always done: Analyse + Accept + Act.
The patented Capolingua 3 A's of Investing. Well, patent pending! 😉
You know what... Let's do it right now:
A1 = Do the checklist, try to work out whether the demand- or supply-side is in control of the price. 🧐
ST trend ribbon ⬇️ + price is below the ST trend ribbon + short term trend ribbon is acting as a zone of dynamic supply ⚠️
LT trend ribbon ➡️ price is below the ST trend ribbon + short term trend ribbon is acting as a zone of dynamic supply ⚠️
Price action = falling peaks and falling troughs = supply reinforcement and demand removal = sell the rally + 🚫FOMO + 🚫HOFU + 🚫BTD ⚠️
Candles are predominantly supply-side in nature (i.e., black-bodied and or upward pointing shadows = pervasive programmed sell orders dominant + ✅STR + 🚫FOMO + 🚫HOFU + 🚫BTD ⚠️
A2 = Determine the MOTN (More Often Than Not) outcome from A1, then ACCEPT IT!
⚠️⚠️⚠️⚠️
✅STR + 🚫FOMO + 🚫HOFU + 🚫BTD
= MOTN 📉
Do we say:
What if it bounces? 🫣
What if stocks are cheap here? 🤷
It's too late to follow the trend now! 😭
But the experts are saying... 🧐
If I get out now / go short now... it's guaranteed to be the bottom!!! 🤦
Nope, we say:
I can't tell the future — nobody can. I can't control the market — I can only control how I act in the markets.
I have a system that works MOTN — why doubt it? I have only one job: follow my system. It won't work out the way I want every time, but I know that if I stick to it, I will come out ahead in the long run. Considering this, why wouldn't I just follow the bloody system!?
Okay then, I ACCEPT that MOTN = 📉. If it's not, so be it! I have the risk management tools to limit my losses and get risk back in if need be 🧘
Which brings us to A3... 👇
View
No change to my 1/3RP view for US stocks (RP = Risk Position — it reflects my personal allowable capital allocation limit for my investments in US stocks. So 1/2RP is 50%, 2/3RP is 67% and FRP is 100% 🪣).
Key levels
With the close below 21522, there is sufficient evidence that the long term trend ribbon is now behaving as a zone of dynamic excess supply = my model officially calls the commencement of a long term downtrend.
The next key point of demand is 20906-21033. We'll watch the price action and candles closely there for signs excess demand is indeed manifesting itself.
The long- and short-term downtrend ribbon combination (presently 21792-22461) is the nearest critical zone of supply. We must see a long white-bodied candle closing at least above the short term trend ribbon to indicate the demand-side is any chance of being back in control of the Comp's price.
S&P/ASX 200 (XJO)
%20chart_27%20Mar.png)
Analysis
What did I say yesterday?
“I put to you: today’s only very modest pullback is a very good outcome… It could have been worse.”
Ditto today.
When the leads are bearish, nothing is often something. To elaborate, when the MOTN is clearly skewed to the downside, and there’s a bit of bad news around that would be perceived by most as being bearish — yet prices land flat on the day — that carries with it some meaningful information.
We had some credible supply-side oriented leads from overseas markets to contend with this morning, but after 11:45am it was largely one-way traffic — of the excess demand kind.
Result: downward pointing shadow. ✅
Modest, to be sure — but it shows the demand that kicked in on Monday at the depths of despair (i.e., at 8262!!!) is still influential in the system. Equally, it shows the supply-side is notably absent for now.
That doesn’t mean they won’t reengage at some point — perhaps even aggressively — simply that they appear comfortable there’s no pressing need to flee for the exits just right now.
You might think that bear markets are all crash, bang, boom! 💥💥💥
(Hey, I’m not saying we’re in a bear market, but stay with me here…)
They’re generally not. Rather, they’re typically volatile beasts, prone to sharp downswings, counter trend short-covering and trying-to-pick-the-bottom rallies, plus periods of nervous, listless stagnation.
You’ll even find that sometimes things even start to look good again… the light breaks through the clouds… only for those clouds to close in once more… and… ⛈️
I know I only played this one a little while back… but it fits in so well here… I love that line from Marky-Mark… “Skip, I think we’re going to make it!”
The bottom line is, trend followers know all this, and we’re prepared to give up a bit of price to gain a great deal of confidence a new trend is in place. Until then, we bunker down and prepare for the storm to continue.
We hope for the best, but prepare for the worst
So, with the checklist for the Old Tin Pot still showing a bunch of ⚠️ emoji’s and not enough FOMO, HOFU & BTD — I remain hopeful that today’s candle is emblematic of a growing risk appetite for Aussie shares.
Yet, I remain prepared for the growing short- and long term downtrends to close in — and for the (“Perfect”?) storm to continue! 🛟
View
No change to my prevailing OTP risk bucket setting: 1/3RP 🪣 (i.e., my personal allowable capital allocation limit for my investments in Australian stocks is 33%).
Key levels
8284 is the closest zone of demand (static). The ASX 200 must at least close back above the short- and long term uptrend ribbons (presently 8679-8746. and 8663-8752 respectively) to reclaim any semblance of demand-side control.
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Economy
Today
There weren't any major economic data releases in our time zone today
Later this week
Saturday
No major economic news scheduled for this day
Latest News
Interesting Movers
Trading higher
+11.6% Forrestania Resources (FRS) – Polaris Appointed to Deliver Lake Johnston CIL Plant.
+9.3% Core Lithium (CXO) – No news, general strength across the broader Lithium sector today.
+7.4% Treasury Wine Estates (TWE) – Ceasing to be a substantial holder (UBS this time but there have been a few… could be a case of big sellers finally getting out?).
+7.2% Redox (RDX) – No news 🤔, rise is consistent with prevailing short and long term uptrends 🔎📈
+6.5% Amplia Therapeutics (ATX) – No news, rise is consistent with prevailing short and long term uptrends, a recent regular in ChartWatch ASX Scans Uptrends list 🔎📈
+5.7% Telix Pharmaceuticals (TLX) – No news 🤔.
+5.0% Echoiq (EIQ) – No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+5.0% W.H. Soul Pattinson (SOL) – Continued positive response to 26-Mar 1H26 ASX Investor Presentation.
+4.9% Whitehaven Coal (WHC) – No news, upgraded to buy from sell at UBS, general strength across the broader Energy sector today.
+4.2% Lindian Resources (LIN) – No news, general strength across the broader Critical Minerals sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈
+4.0% Nickel Industries (NIC) – No news, rebounded after yesterday’s sharp sell-off due to Hengjaya Mine Operations Suspended.
+4.0% New Hope Corp. (NHC) – No news, upgraded to outperform from neutral at Macquarie and price target raised to $7.00 from $4.80, general strength across the broader Energy sector today.
+3.9% IGO (IGO) – Change of Director's Interest Notice (D. Jenkins +$150k on-market trade), upgraded to buy from neutral at UBS, general strength across the broader Lithium sector today.
+3.6% PLS Group (PLS) – No news, general strength across the broader Lithium sector today.
+3.6% Yancoal Australia (YAL) – No news, general strength across the broader Energy sector today.
+3.5% Vulcan Energy Resources (VUL) – Annual Report, general strength across the broader Lithium sector today.
+3.4% Iluka Resources (ILU) – No news, general strength across the broader Critical Minerals sector today.
+3.3% Champion Iron (CIA) – No news, upgraded to outperform from neutral at Macquarie .
+3.2% Elevra Lithium (ELV) – No news, general strength across the broader Lithium sector today.
+3.2% Liontown (LTR) – No news, general strength across the broader Lithium sector today.
+2.4% Mineral Resources (MIN) – No news, general strength across the broader Lithium sector today.
Trading lower
-15.9% (WBT) – Successful completion of $80 million institutional placement.
-13.4% Droneshield (DRO) – No news, general weakness across the broader Defence sector today.
-10.8% Dateline Resources (DTR) – No news, pulled back after recent strong rally.
-10.5% Electro Optic Systems (EOS) – No news, general weakness across the broader Defence sector today.
-8.5% Andean Silver (ASL) – No news, general weakness across the broader Silver sector today.
-7.9% Nextdc (NXT) – No news, general weakness across the broader Information Technology sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉
-7.1% Aspen (APZ) – No news, general weakness across the broader Real Estate sector today, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down 🔎📉
-7.1% Appen (APX) – No news, general weakness across the broader Information Technology sector today.
-6.8% Catapult Sports (CAT) – No news, general weakness across the broader Information Technology sector today, pulled back after yesterday’s sharp rally due to Catapult FY26 Trading Update.
-6.1% Predictive Discovery (PDI) – No news, general weakness across the broader Gold sector today.
-6.0% Elsight (ELS) – Appointment and Resignation of Company Secretary, general weakness across the broader Defence sector today.
-5.9% Codan (CDA) – No news, general weakness across the broader Information Technology sector today.
-5.9% Silver Mines (SVL) – No news, general weakness across the broader Silver sector today.
-5.6% Unico Silver (USL) – Results of General Meeting, general weakness across the broader Silver sector today.
-5.1% Sun Silver (SS1) – No news, general weakness across the broader Silver sector today.
-5.0% Santana Minerals (SMI) – No news, general weakness across the broader Gold sector today, fall is consistent with prevailing short and long term downtrends, a recent regular in ChartWatch ASX Scans Downtrends list 🔎📉
-4.9% Kingsgate Consolidated (KCN) – Change of Company Secretary, general weakness across the broader Gold sector today, fall is consistent with prevailing short and long term downtrends, added to ChartWatch ASX Scans Downtrends list today 🔎📉
Broker Moves
Atlantic Lithium (A11)
Upgraded to neutral from underperform at Macquarie; Price Target: $0.32 from $0.24
Amplitude Energy (AEL)
Retained at buy at Bell Potter; Price Target: $2.70 from $3.40
Retained at buy at Morgans; Price Target: $3.00 from $3.50
Advanced Innergy Holdings (AIH)
Retained at buy at Morgans; Price Target: $1.45
Aristocrat Leisure (ALL)
Retained at buy at UBS; Price Target: $69.00
ALS (ALQ)
Retained at buy at Morgans; Price Target: $25.30
APA Group (APA)
Retained at outperform at Macquarie; Price Target: $9.58
Bubs Australia (BUB)
Retained at speculative buy at Bell Potter; Price Target: $0.18
Retained at accumulate at Ord Minnett; Price Target: $0.15 from $0.18
Catapult Sports (CAT)
Retained at buy at Canaccord Genuity; Price Target: $8.00
Retained at outperform at CLSA; Price Target: $6.25 from $7.00
Retained at positive at E&P; Price Target: $5.56 from $5.48
Retained at buy at UBS; Price Target: $6.45 from $6.70
Champion Iron (CIA)
Upgraded to outperform from neutral at Macquarie; Price Target: $6.60 from $6.25
Coronado Global Resources Inc (CRN)
Upgraded to buy from neutral at UBS; Price Target: $0.42 from $0.40
Civmec (CVL)
Retained at buy at Morgans; Price Target: $2.00
Cyprium Metals (CYM)
Initiated at speculative buy at Canaccord Genuity; Price Target: $0.65
DPM Metals Inc. (DPM)
Upgraded to outperform from neutral at Macquarie; Price Target: $59.00 from $58.00
Deterra Royalties (DRR)
Upgraded to neutral from sell at UBS; Price Target: $4.20 from $3.95
Endeavour Group (EDV)
Downgraded to neutral from buy at Citi; Price Target: $3.70
Evolution Mining (EVN)
Upgraded to neutral from underperform at Macquarie; Price Target: $12.70 from $11.20
Upgraded to neutral from sell at UBS; Price Target: $12.50
Fenix Resources (FEX)
Retained at buy at Bell Potter; Price Target: $0.63 from $0.67
Fortescue (FMG)
Upgraded to outperform from neutral at Macquarie; Price Target: $22.00
Fisher & Paykel Healthcare Corporation (FPH)
Upgraded to outperform from hold at CLSA; Price Target: $35.00 from $35.50
Greatland Resources (GGP)
Upgraded to outperform from neutral at Macquarie; Price Target: $13.50 from $13.20
Genesis Minerals (GMD)
Retained at buy at UBS; Price Target: $10.75
Insurance Australia Group (IAG)
Retained at outperform at Macquarie; Price Target: $9.00
Infratil (IFT)
Retained at buy at Citi; Price Target: $12.34
IGO (IGO)
Upgraded to buy from neutral at UBS; Price Target: $8.55
Imdex (IMD)
Retained at buy at Morgans; Price Target: $4.70
Kogan.com (KGN)
Retained at hold at Bell Potter; Price Target: $3.80 from $3.30
Light & Wonder Inc. (LNW)
Retained at buy at UBS; Price Target: $215.00
Liontown (LTR)
Retained at buy at UBS; Price Target: $2.20
Mineral Resources (MIN)
Retained at buy at UBS; Price Target: $66.00
MLG Oz (MLG)
Retained at speculative buy at Morgans; Price Target: $1.20
Monadelphous Group (MND)
Retained at hold at Morgans; Price Target: $33.85
New Hope Corporation (NHC)
Upgraded to outperform from neutral at Macquarie; Price Target: $7.00 from $4.80
PLS Group (PLS)
Downgraded to neutral from buy at UBS; Price Target: $4.95
Qoria (QOR)
Retained at buy at Canaccord Genuity; Price Target: $0.80
Retained at buy at Ord Minnett; Price Target: $0.76
Retained at buy at Unified Capital Partners; Price Target: $0.77 from $1.00
Rio Tinto (RIO)
Upgraded to outperform from neutral at Macquarie; Price Target: $168.00 from $155.00
Ramelius Resources (RMS)
Upgraded to outperform from neutral at Macquarie; Price Target: $4.80
Sandfire Resources (SFR)
Upgraded to outperform from neutral at Macquarie; Price Target: $20.10
Upgraded to neutral from sell at UBS; Price Target: $17.70
Sims (SGM)
Retained at outperform at CLSA; Price Target: $25.00
Retained at neutral at E&P; Price Target: $23.65
Upgraded to overweight from neutral at Jarden; Price Target: $23.00 from $21.50
Retained at buy at UBS; Price Target: $30.00
Silex Systems (SLX)
Retained at speculative buy at Canaccord Genuity; Price Target: $10.48
SRG Global (SRG)
Retained at accumulate at Morgans; Price Target: $3.20
Suncorp Group (SUN)
Retained at outperform at Macquarie; Price Target: $18.90
Tabcorp Holdings (TAH)
Retained at buy at UBS; Price Target: $1.20
Tasmea (TEA)
Retained at buy at Morgans; Price Target: $5.25
The Lottery Corporation (TLC)
Retained at buy at UBS; Price Target: $6.35
Telstra Group (TLS)
Retained at outperform at Macquarie; Price Target: $5.64
TPG Telecom (TPG)
Retained at outperform at Macquarie; Price Target: $4.40 from $4.20
Ventia Services Group (VNT)
Retained at hold at Morgans; Price Target: $5.25
Westpac Banking Corporation (WBC)
Retained at hold at Jefferies; Price Target: $35.66
Retained at underweight at JPMorgan; Price Target: $37.40
Retained at neutral at UBS; Price Target: $40.00
Whitehaven Coal (WHC)
Upgraded to buy from sell at UBS; Price Target: $10.10
Xero (XRO)
Retained at buy at Citi; Price Target: $144.80
Scans
Top Gainers
Code | Company | Last | % Chg |
|---|---|---|---|
| IFG | Infocus Group Holdings Ltd | $0.012 | +50.00% |
| ICR | Intelicare Holdings Ltd | $0.02 | +33.33% |
| 14D | 1414 Degrees Ltd | $0.023 | +21.05% |
| HAS | Hastings Technology Metals Ltd | $0.50 | +20.48% |
| VAL | Valiant Gold Ltd | $0.30 | +20.00% |
Top Fallers
Code | Company | Last | % Chg |
|---|---|---|---|
| CLA | Celsius Resources Ltd | $0.011 | -21.43% |
| RMY | Rma Global Ltd | $0.037 | -15.91% |
| WBT | Weebit Nano Ltd | $3.82 | -15.86% |
| AXN | Alliance Nickel Ltd | $0.034 | -15.00% |
| SHO | Sportshero Ltd | $0.094 | -14.55% |
52 Week Highs
Code | Company | Last | % Chg |
|---|---|---|---|
| VAL | Valiant Gold Ltd | $0.30 | +20.00% |
| GBE | Globe Metals & Mining Ltd | $0.093 | +13.42% |
| TBN | Tamboran Resources Corporation | $0.265 | +10.42% |
| RDX | REDOX Ltd | $3.43 | +7.19% |
| PL3 | Patagonia Lithium Ltd | $0.19 | +5.56% |
52 Week Lows
Code | Company | Last | % Chg |
|---|---|---|---|
| SYR | Syrah Resources Ltd | $0.125 | -13.79% |
| SPA | Spacetalk Ltd | $0.065 | -13.33% |
| WOA | Wide Open Agriculture Ltd | $0.013 | -13.33% |
| RGT | Argent Biopharma Ltd | $0.038 | -11.63% |
| TR8 | Tarrina Resources Ltd | $0.016 | -11.11% |
Near Highs
Code | Company | Last | % Chg |
|---|---|---|---|
| BILL | iShares Core Cash ETF | $100.66 | +0.04% |
| DGVA | Dimensional Global Value Trust - Active ETF | $27.60 | +0.22% |
| AZJ | Aurizon Holdings Ltd | $3.98 | 0.00% |
| TLS | Telstra Group Ltd | $5.33 | +0.38% |
| FUEL | Betashares Global Energy Comp Currency Hedged ETF | $8.99 | +1.58% |
Relative Strength Index (RSI) Oversold
Code | Company | Last | % Chg |
|---|---|---|---|
| SGP | Stockland | $4.26 | -0.47% |
| SPK | Spark New Zealand Ltd | $1.73 | -0.58% |
| NXL | NUIX Ltd | $1.235 | -2.37% |
| LOT | Lotus Resources Ltd | $1.225 | -3.92% |
| HVN | Harvey Norman Holdings Ltd | $5.06 | +1.40% |
