News | Market Wraps
Evening Wrap: ASX 200 up on surging Wisetech, Brambles, Charter Hall, Healius post-results, plus did we just see the low in lithium?
The S&P/ASX 200 closed 12.8 points higher, up 0.16%.
Mentioned
The S&P/ASX 200 closed 12.8 points higher, up 0.16%.
It was another monster day on the ASX.
Not necessarily in terms of the magnitude of today’s gain…it was only a few points, but I note we came back from a pretty decent fall at the open – and there were some absolutely massive moves on results. Wisetech Global (WTC) was definitely one of those – it surged 18.4% – but there were also big post-earnings gains in Brambles (BXB), Breville Group (BRG), Charter Hall (CHC), Data#3 (DTL), Hansen Technologies (HSN), Healius (HSN), Humm Group (HUM) and many more.
There’s also about a hundred (actually 107) big broker updates in tonight's Wrap, including several upgrades and downgrades, as well as technical analysis on uranium and copper.
Plus, maybe, just maybe – we’ve just seen the low in lithium…🤔
Let's dive in!
Today in Review
Wed 21 Aug 24, 4:39pm (AEST)
Name | Value | % Chg |
|---|---|---|
Major Indices | ||
| ASX 200 | 8,010.5 | +0.16% |
| All Ords | 8,234.0 | +0.32% |
| Small Ords | 3,043.4 | +0.68% |
| All Tech | 3,338.9 | +2.45% |
| Emerging Companies | 2,130.0 | +1.76% |
Currency | ||
| AUD/USD | 0.6741 | -0.09% |
US Futures | ||
| S&P 500 | 5,626.0 | +0.11% |
| Dow Jones | 41,008.0 | +0.14% |
| Nasdaq | 19,827.0 | +0.09% |
Name | Value | % Chg |
|---|---|---|
Sector | ||
| Information Technology | 2,536.3 | +5.30% |
| Materials | 16,429.3 | +1.72% |
| Industrials | 7,281.4 | +1.21% |
| Communication Services | 1,605.9 | +0.49% |
| Consumer Staples | 12,840.6 | +0.49% |
| Consumer Discretionary | 3,843.6 | +0.16% |
| Health Care | 45,846.2 | -0.25% |
| Real Estate | 3,681.3 | -0.38% |
| Utilities | 9,040.1 | -0.58% |
| Financials | 8,069.5 | -0.96% |
| Energy | 9,322.6 | -1.86% |
Markets
ASX 200 Session Chart
The S&P/ASX 200 (XJO) finished 12.8 points higher at 8,010.5, 0.74% above its session low and smack-bang on its session high. In the broader-based S&P/ASX 300 (XKO), advancers beat decliners by 160 to 110.
Information Technology (XIJ) (+-%) sector was the best performing sector today, as shares in major constituent Wisetech Global (WTC) surged 18.4% after the release of the company’s full year results. FY24 net profit was 15% higher to $283.5 million, sailing past the $265.7 million consensus forecast by the major brokers. Even better, FY25 guidance was also around 4% better than expected.
WTC wasn’t the only tech stock beating estimates today, Hansen Technologies (HSN) (+7.8%) and Data#3 (DTL) (+6.3%) also popped after their respective results.
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Wisetech Global (WTC) | $111.71 | +$17.33 | +18.4% | +16.2% | +33.0% |
Brainchip (BRN) | $0.190 | +$0.015 | +8.6% | -7.3% | -46.5% |
Hansen Technologies (HSN) | $4.68 | +$0.34 | +7.8% | +6.6% | -14.6% |
Data#3 (DTL) | $9.18 | +$0.54 | +6.3% | +7.4% | +19.4% |
Megaport (MP1) | $11.79 | +$0.57 | +5.1% | +6.1% | +7.1% |
Novonix (NVX) | $0.650 | +$0.03 | +4.8% | -3.7% | -35.3% |
Catapult Group International (CAT) | $2.17 | +$0.07 | +3.3% | +6.9% | +110.7% |
Bravura Solutions (BVS) | $1.340 | +$0.04 | +3.1% | +21.3% | +176.3% |
Life360 (360) | $18.75 | +$0.33 | +1.8% | +15.4% | +124.6% |
Iress (IRE) | $9.78 | +$0.17 | +1.8% | -3.0% | -2.1% |
Nuix (NXL) | $4.83 | +$0.06 | +1.3% | +42.1% | +245.0% |
There was plenty to cheer about in the ASX Information Technology sector today
The Gold (XGD) (+1.9%) sub-index enjoyed its fifth straight day of gains as the gold price continues to hover around record highs. Be sure to catch this article I released today on the 10 most highly rated ASX gold stocks.
This move was part of a broader recovery in the Materials (XMJ) (+1.8%) sector, which benefited from rising aluminium, copper, and nickel prices on the LME last night, a resurgent iron ore price in Singapore today, and even a bounce in benchmark lithium carbonate futures on GFEX in China today. We’ve seen rallies like today’s flitter out just as quickly as they begun, so fingers (toes, and everything else) crossed that this one sticks! 🤞
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Larvotto Resources (LRV) | $0.330 | +$0.065 | +24.5% | +175.0% | +120.9% |
Silver Mines (SVL) | $0.095 | +$0.01 | +11.8% | -38.7% | -45.7% |
Predictive Discovery (PDI) | $0.280 | +$0.025 | +9.8% | +43.6% | +53.4% |
Wildcat Resources (WC8) | $0.300 | +$0.025 | +9.1% | +17.6% | +15.4% |
Lynas Rare Earths (LYC) | $6.81 | +$0.47 | +7.4% | +13.1% | -0.3% |
Liontown Resources (LTR) | $0.840 | +$0.05 | +6.3% | -14.7% | -69.0% |
St Barbara (SBM) | $0.255 | +$0.015 | +6.3% | +13.3% | +21.4% |
29METALS (29M) | $0.400 | +$0.02 | +5.3% | +5.3% | -41.0% |
Core Lithium (CXO) | $0.100 | +$0.005 | +5.3% | +2.0% | -75.9% |
Mineral Resources (MIN) | $46.00 | +$2.26 | +5.2% | -15.5% | -27.4% |
Pantoro (PNR) | $0.105 | +$0.005 | +5.0% | +29.6% | +105.9% |
Meteoric Resources (MEI) | $0.105 | +$0.005 | +5.0% | -27.6% | -54.3% |
IGO (IGO) | $5.28 | +$0.25 | +5.0% | -6.2% | -56.8% |
Fortescue (FMG) | $17.97 | +$0.71 | +4.1% | -15.3% | -11.6% |
Arcadium Lithium (LTM) | $4.11 | +$0.16 | +4.1% | -19.7% | 0% |
WA1 Resources (WA1) | $15.73 | +$0.6 | +4.0% | +4.9% | +199.0% |
Metals X (MLX) | $0.395 | +$0.015 | +3.9% | -10.2% | +43.6% |
Develop Global (DVP) | $2.13 | +$0.08 | +3.9% | +13.3% | -23.9% |
Emerald Resources (EMR) | $4.14 | +$0.15 | +3.8% | +8.4% | +76.2% |
Pilbara Minerals (PLS) | $2.94 | +$0.1 | +3.5% | +1.7% | -37.8% |
Grange Resources (GRR) | $0.295 | +$0.01 | +3.5% | -13.2% | -41.6% |
Adriatic Metals (ADT) | $3.35 | +$0.11 | +3.4% | +5.0% | -13.2% |
Bellevue Gold (BGL) | $1.375 | +$0.045 | +3.4% | -23.4% | -8.0% |
Spartan Resources (SPR) | $1.380 | +$0.045 | +3.4% | +12.2% | +444.7% |
The best of the Materials sector today - just the stuff +3% or more!!!
Benchmark Nov-24 GFEX Lithium Carbonate futures staged an impressive 3.9% rally today on greater than double the contract's average daily trading volume. Source: SMM
Unfortunately, Resources' usual partner in downside crime, the Energy (XEJ) (-1.9%) sector, reverted to its losing ways today. It was easily the worst performing sector on the ASX, as key crude oil, natural gas, and thermal coal contracts fell on Tuesday. I also note in today’s ChartWatch below, that the uranium price has taken another dip – hurting some, but not all local U-stocks.
Checking the table below, it's also clear that a 6% drop in Santos (STO) shares after it released poorly received FY24 results didn't help. But there were plenty of stocks that logged substantial losses today that didn't have the excuse of a lousy earnings report!
Company | Last Price | Change $ | Change % | 1mo % | 1yr % |
|---|---|---|---|---|---|
Gold Hydrogen (GHY) | $0.760 | -$0.055 | -6.7% | -38.5% | +171.4% |
Santos (STO) | $7.48 | -$0.34 | -4.3% | -6.0% | -3.7% |
Yancoal Australia (YAL) | $5.71 | -$0.24 | -4.0% | -17.0% | +11.7% |
Karoon Energy (KAR) | $1.735 | -$0.06 | -3.3% | -3.6% | -21.1% |
Strike Energy (STX) | $0.170 | -$0.005 | -2.9% | -15.0% | -59.0% |
Whitehaven Coal (WHC) | $7.20 | -$0.16 | -2.2% | -9.0% | -1.1% |
Beach Energy (BPT) | $1.285 | -$0.025 | -1.9% | -14.9% | -15.7% |
New Hope Corporation (NHC) | $4.80 | -$0.09 | -1.8% | +2.8% | -14.0% |
Paladin Energy (PDN) | $10.10 | -$0.14 | -1.4% | -16.2% | +35.6% |
Ampol (ALD) | $30.71 | -$0.32 | -1.0% | -8.4% | -4.3% |
Viva Energy Group (VEA) | $3.07 | -$0.03 | -1.0% | +0.3% | -1.6% |
Woodside Energy Group (WDS) | $26.05 | -$0.22 | -0.8% | -5.4% | -32.2% |
Deep Yellow (DYL) | $1.055 | +$0.01 | +1.0% | -13.2% | +21.3% |
Boss Energy (BOE) | $2.95 | +$0.04 | +1.4% | -19.6% | -8.1% |
Coronado Global Resources (CRN) | $1.305 | +$0.025 | +2.0% | +2.4% | -16.3% |
Cooper Energy (COE) | $0.205 | +$0.005 | +2.5% | -6.8% | +57.7% |
The Energy sector struggled again today
ChartWatch
Uranium Futures (Front month, back-adjusted) COMEX
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Grind lower continues...
The last time we covered uranium was in ChartWatch in the Evening Wrap on 1 August.
In that update, I suggested we simply trust the prevailing downtrend here, and in previous updates I had specified the parameters for uranium’s long term trend transitioning to down – which it did prior to that 1 August update.
Here we are nearly 3 weeks later, and very little has change (from a trend follower’s perspective).
The grind lower continues, and yet another muted rally attempt was thwarted by the dynamic supply of the short and long term downtrend ribbons.
The price action remains lower peaks and lower troughs, which indicates supply reinforcement and demand removal.
There is nothing in the current technicals to indicate any demand-side control, and in the absence of the fingerprints of demand – i.e., rising peaks and rising troughs and closes above the trend ribbons – one is best off assuming the status quo to remain.
76.50 is the next key point of demand. It is imperative that the uranium price bounces strongly from there (or sooner if it prefers!). Supply remains at the trend ribbons, kicking in around 82 and coinciding with the static point of supply at 82.10..
Copper - LME Official Cash
Green shoots in copper rally
The last time we covered LME copper was in ChartWatch in the Evening Wrap on 23 July. It’s been a while, but we have covered High Grade Copper futures frequently since then.
For what it’s worth, in that update for LME copper was at a critical juncture having pierced the long term uptrend ribbon. I warned, should it close below the long term uptrend ribbon, it was at great risk of commencing a new long term downtrend.
It did, bottoming out recently at 8620 but has since rallied back to the long term trend ribbon which has neutralised. Remember: on the way up, the ribbons tends to offer dynamic demand, but on the way down, they tend to offer dynamic supply. And that’s what copper must deal with now as it interacts with both short and long term trend ribbons.
It’s been a decent rally since 8620, steep enough to signal the demand-side is very much back in the picture and punctuated with rising peaks and rising troughs. If we can get a close above the long term trend ribbon, followed by the formation of a subsequent trough set above it, it will confirm a major low is in, and potentially facilitate higher retracements of the 10857-8620 move.
The technicals are still neutral here, but there are some green shoots to this rally.
Economy
Today
AUS MI Leading Index July +0.0vs +0.0% in June
Later this week
Thursday
04:00 USA FOMC August Meeting Minutes
09:00 AUS Flash Manufacturing PMI & Flash Services PMI August (47.5 and 50.4 respectively in July)
17:15 EUR Various countries and EU Flash Manufacturing and Services PMIs
23:45 USA Flash Manufacturing PMI & Flash Services PMI August (49.8 forecast and 54.0 forecast respectively and vs 49.6 and 55.0 respectively in July)
Friday
00:00 USA Existing home sales July (3.92 million forecast vs 3.89 million June)
ALL DAY USA Jackson Hole Symposium
Saturday
00:00 USA Federal Reserve Chairman Jerome Powell speech
00:00 USA New home sales July (628,000 forecast vs 617,000 June)
ALL DAY USA Jackson Hole Symposium
Latest News
Interesting Movers
Trading higher
+37.5% Humm Group (HUM) - Appendix 4E and FY24 Annual Report and FY24 Investor Presentation, rise is consistent with prevailing short term uptrend, long term trend is transitioning from down to up 🔎📈
+18.4% Wisetech Global (WTC) - WiseTech Global FY24 Appendix 4E and financial report and WiseTech Global FY24 results investor presentation, rise is consistent with prevailing long term uptrend 🔎📈
+15.8% Charter Hall Group (CHC) - Annual Report and FY24 Results - Presentation, rise is consistent with prevailing long term uptrend 🔎📈
+12.9% Healius (HLS) - Preliminary Final Report and HLS FY24 Results Presentation, closed back above long term downtrend ribbon 🔎📈
+11.8% Silver Mines (SVL) - Bowdens Silver Project Update
+10.3% Cedar Woods Properties (CWP) - Annual Report to shareholders and FY24 Full Year Results Presentation, rise is consistent with prevailing short and long term uptrends 🔎📈
+9.8% Predictive Discovery (PDI) - No news, continued positive response to 14 Aug NEWS, rise is consistent with prevailing short term uptrend, long term trend is transitioning from down to up 🔎📈
+9.3% Brambles (BXB) - Brambles 2024 Full-Year Statutory Accounts and Brambles FY24 Results Presentation, rise is consistent with prevailing short and long term uptrends 🔎📈
+9.1% Wildcat Resources (WC8) - No news, ditto CXO regarding broader ASX lithium sector rise
+8.8% Solvar (SVR) - Positive response to yesterday's FY24 Results Investor Presentation, albeit delayed on general positive response from brokers - see Bell Potter upgrade to buy from hold and price target increased to $1.30 from $0.91 in Broker Notes section below
+8.5% Maas Group (MGH) - 2024 Annual Report and FY24 Results Presentation, rise is consistent with prevailing long term uptrend 🔎📈
+7.8% Hansen Technologies (HSN) - FY24 Annual Report and FY24 Results Presentation
+7.4% Lynas Rare Earths (LYC) - No news…curious one indeed! Possibly caught some of the broader battery metals rise, but also possibly due to a Washington Post article that discusses the company's operations and China's appetite to dominate the rare earths space
+6.6% Superloop (SLC) - FY24 Full Year Statutory Accounts - Appendix 4E and FY24 Results Presentation, rise is consistent with prevailing long term uptrend 🔎📈
+6.3% Liontown Resources (LTR) - Ditto ASX lithium
+6.3% Data#3 (DTL) - Trading Update and DTL FY24 Results Briefing, rise is consistent with prevailing long term uptrend 🔎📈
+5.8% SRG Global (SRG) - SRG Global successfully completes $60m equity raising, rise is consistent with prevailing long term uptrend 🔎📈
+5.3% Core Lithium (CXO) - Drilling Commences at Finniss, generally stronger ASX lithium sector today on the back of second day of gains in GFEX lithium carbonate futures, SMM spot lithium carbonate also first up day since 4 July
+5.3% 29METALS (29M) - No news, copper price rallied Tuesday / overnight
+5.2% Mineral Resources (MIN) - Ditto ASX lithium, plus iron ore
+5.1% Megaport (MP1) - No news, got a leg up from broader ASX tech rally
+5.0% Service Stream (SSM) - Service Stream Appendix 4E and FY2024 Annual Report and Service Stream FY2024 Market Presentation, rise is consistent with prevailing long term uptrend 🔎📈
+5.0% Meteoric Resources (MEI) - MoU for Caldeira MREC Offtake with Ucore Rare Metals Inc.
+5.0% IGO (IGO) - Ditto ASX lithium
+4.7% Breville Group (BRG) - Year Ended 30 June 2024 - Appendix 4E and Year Ended 30 June 2024 - Investor Presentation, rise is consistent with prevailing long term uptrend 🔎📈
+4.1% Fortescue (FMG) - No news, iron ore price rallying in Singapore
+4.1% Arcadium Lithium (LTM) - Ditto ASX lithium
+3.9% Develop Global (DVP) - Ditto ASX lithium
Trading lower
-12.0% Lycopodium (LYL) - FY2024 Shareholder Report and FY2024 Investor Presentation
-6.7% Ventia Services Group (VNT) - Appendix 4D and Half Year Financial Report and HY24 Results Presentation
-6.7% OOH!Media (OML) - No news, several price target cuts post 19 Aug 2024 Half Year Results Presentation, plus one downgrade
-5.9% Omni Bridgeway (OBL) - No news, fall is consistent with prevailing long term downtrend 🔎📉
-5.8% Mader Group (MAD) - FY24 Annual Report and FY24 Results Presentation
-4.3% Santos (STO) - Santos 2024 Half-year Results and Santos 2024 Second Quarter Report
-4.2% Imdex (IMD) - Annual Report to shareholders and IMDEX FY24 Full Year Results Presentation, fall is consistent with prevailing short term downtrend, long term trend is transitioning from down to down 🔎📉
-4.0% Yancoal Australia (YAL) - Continued negative response to 19 Aug 1H 2024 Financial Results Presentation (particularly cutting of dividend)
-3.9% DUG Technology (DUG) - Change in substantial holding (decrease)
-3.9% Helia Group (HLI) - Appendix 4D and 1H24 Financial Report and 1H24 Investor Presentation
-3.7% AUB Group (AUB) - FY24 Appendix 4E and Annual Report and FY24 Results - Investor Presentation
-3.3% Karoon Energy (KAR) - No news, fall is consistent with prevailing long term downtrend 🔎📉
-3.2% Ansell (ANN) - No news since yesterday's Ansell Limited Investor Presentation FY24 Full Year Results, generally positive broker response (see Broker Notes section), quite possibly just a bit of profit taking after yesterday's big gain
-3.0% Insurance Australia Group (IAG) - IAG FY24 Appendix 4E and Annual Report and IAG FY24 Results Presentation
-2.9% Strike Energy (STX) - No news, fall is consistent with prevailing long term downtrend 🔎📉
Broker Notes
The A2 Milk Company (A2M)
Retained at buy at Citi; Price Target: $7.04
Retained at hold at Ord Minnett; Price Target: $6.50 from $6.90
Ansell (ANN)
Retained at neutral at Citi; Price Target: $32.50 from $27.25
Retained at buy at Jefferies; Price Target: $35.00 from $30.70
Retained at overweight at JP Morgan; Price Target: $33.00 from $29.20
Retained at outperform at Macquarie; Price Target: $32.00 from $28.15
Retained at hold at Morgans; Price Target: $27.10 from $25.61
Upgraded to hold from lighten at Ord Minnett; Price Target: $27.80 from $24.30
Retained at neutral at UBS; Price Target: $30.40 from $26.00
ARB Corporation (ARB)
Retained at neutral at Goldman Sachs; Price Target: $40.00 from $38.50
Retained at underperform at Jefferies; Price Target: $33.00
Retained at neutral at Macquarie; Price Target: $43.80 from $40.60
Retained at equal-weight at Morgan Stanley; Price Target: $35.50
Retained at hold at Morgans; Price Target: $38.50 from $39.10
Retained at buy at Ord Minnett; Price Target: $46.00 from $44.00
Retained at sell at UBS; Price Target: $34.50 from $34.00
Baby Bunting Group (BBN)
Retained at neutral at Macquarie; Price Target: $1.65 from $1.40
Retained at overweight at Morgan Stanley; Price Target: $1.95
Downgraded to hold from add at Morgans; Price Target: $1.70 from $1.80
Retained at hold at Ord Minnett; Price Target: $1.60
Boss Energy (BOE)
Upgraded to buy from hold at Shaw and Partners; Price Target: $4.20 from $4.75
Breville Group (BRG)
Retained at outperform at Macquarie; Price Target: $28.60
Brambles (BXB)
Retained at sell at Citi; Price Target: $14.25
Retained at outperform at Macquarie; Price Target: $16.25
Charter Hall Group (CHC)
Retained at buy at Citi; Price Target: $13.50
Retained at outperform at Macquarie; Price Target: $13.67
Domino's Pizza Enterprises (DMP)
Retained at buy at Citi; Price Target: $45.35
Deterra Royalties (DRR)
Upgraded to buy from hold at Canaccord Genuity; Price Target: $4.70 from $5.30
Retained at neutral at Citi; Price Target: $4.35
Retained at outperform at CLSA; Price Target: $4.05 from $4.20
Retained at buy at Goldman Sachs; Price Target: $4.70 from $4.75
Retained at neutral at Macquarie; Price Target: $3.90 from $4.00
Retained at equal-weight at Morgan Stanley; Price Target: $3.70
Retained at buy at Ord Minnett; Price Target: $4.80
Retained at buy at UBS; Price Target: $4.80
Dexus (DXS)
Retained at neutral at Citi; Price Target: $7.30 from $8.20
Retained at neutral at Macquarie; Price Target: $6.52 from $6.51
Retained at underweight at Morgan Stanley; Price Target: $8.14
Envirosuite (EVS)
Downgraded to hold from buy at Bell Potter; Price Target: $0.04 from $0.08
Green Technology Metals (GT1)
Retained at buy at Bell Potter; Price Target: $0.19 from $0.39
Hub24 (HUB)
Retained at buy at Bell Potter; Price Target: $59.00 from $53.20
Downgraded to underweight from neutral at Jarden; Price Target: $44.20 from $44.45
Retained at hold at Jefferies; Price Target: $46.50 from $43.00
Retained at neutral at Macquarie; Price Target: $51.00 from $39.40
Retained at overweight at Morgan Stanley; Price Target: $56.50 from $51.00
Retained at hold at Morgans; Price Target: $54.90 from $45.05
Retained at buy at Ord Minnett; Price Target: $55.00 from $50.00
Downgraded to sector perform from outperform at RBC Capital Markets; Price Target: $49.00 from $50.00
Upgraded to overweight from marketweight at Wilsons; Price Target: $56.20 from $49.00
Insurance Australia Group (IAG)
Retained at buy at Citi; Price Target: $8.00
Iluka Resources (ILU)
Retained at buy at Citi; Price Target: $7.85
Ingenia Communities Group (INA)
Retained at buy at Citi; Price Target: $6.15 from $5.30
Retained at buy at Ord Minnett; Price Target: $5.90 from $5.50
Integrated Research (IRI)
Retained at buy at Bell Potter; Price Target: $0.95 from $1.05
Judo Capital (JDO)
Retained at sell at Citi; Price Target: $1.35 from $1.26
Upgraded to neutral from underperform at Macquarie; Price Target: $1.60 from $1.00
Upgraded to overweight from equal-weight at Morgan Stanley; Price Target: $1.75 from $1.30
Retained at add at Morgans; Price Target: $1.69 from $1.54
KMD Brands (KMD)
Retained at neutral at Macquarie; Price Target: $0.47 from $0.51
Mader Group (MAD)
Retained at buy at Bell Potter; Price Target: $6.80 from $7.60
Monadelphous Group (MND)
Retained at hold at Bell Potter; Price Target: $13.80 from $13.60
Retained at buy at Citi; Price Target: $16.20
Retained at neutral at E&P; Price Target: $13.26 from $13.24
Retained at sell at Goldman Sachs; Price Target: $12.95 from $12.30
Downgraded to hold from buy at Jefferies; Price Target: $12.60 from $15.50
Retained at outperform at Macquarie; Price Target: $14.50 from $14.15
Retained at hold at Morgans; Price Target: $13.80 from $13.20
Retained at neutral at UBS; Price Target: $14.00 from $15.00
National Storage Reit (NSR)
Retained at buy at Citi; Price Target: $2.60
Nuix (NXL)
Retained at overweight at Morgan Stanley; Price Target: $5.31 from $2.85
Nextdc (NXT)
Retained at buy at UBS; Price Target: $20.10
OOH!Media (OML)
Retained at equal-weight at Morgan Stanley; Price Target: $1.60 from $1.80
Paragon Care (PGC)
Upgraded to buy from hold at Bell Potter; Price Target: $0.52 from $0.45
Perenti (PRN)
Retained at buy at Citi; Price Target: $1.15 from $1.30
Retained at outperform at Macquarie; Price Target: $1.50 from $1.70
RAM Essential Services Property Fund (REP)
Retained at buy at Ord Minnett; Price Target: $0.74 from $0.72
Retail Food Group (RFG)
Upgraded to buy from hold at Bell Potter; Price Target: $0.11 from $0.13
Reliance Worldwide Corporation (RWC)
Retained at buy at Citi; Price Target: $5.85 from $5.20
Retained at positive at E&P; Price Target: $5.70
Retained at buy at Goldman Sachs; Price Target: $5.75 from $5.35
Retained at buy at Jefferies; Price Target: $5.91 from $5.40
Retained at outperform at Macquarie; Price Target: $6.40 from $6.00
Retained at equal-weight at Morgan Stanley; Price Target: $4.70
Retained at add at Morgans; Price Target: $5.75 from $5.25
Retained at accumulate at Ord Minnett; Price Target: $5.70 from $5.60
Scentre Group (SCG)
Retained at neutral at Citi; Price Target: $3.10
Sims (SGM)
Retained at buy at Citi; Price Target: $13.00 from $13.50
Retained at overweight at Jarden; Price Target: $12.00 from $11.90
Retained at underperform at Jefferies; Price Target: $9.77 from $9.57
Retained at accumulate at Ord Minnett; Price Target: $12.05 from $11.60
Retained at sector perform at RBC Capital Markets; Price Target: $13.00 from $12.50
Retained at buy at UBS; Price Target: $13.50
SRG Global (SRG)
Retained at buy at Ord Minnett; Price Target: $1.13 from $1.06
Service Stream (SSM)
Retained at buy at Citi; Price Target: $1.55
Santos (STO)
Downgraded to marketperform from outperform at Bernstein; Price Target: $7.70 from $8.20
Solvar (SVR)
Upgraded to buy from hold at Bell Potter; Price Target: $1.30 from $0.91
Retained at add at Morgans; Price target: $1.38 from $1.40
The Lottery Corporation (TLC)
Retained at buy at Citi; Price Target: $5.60
Vicinity Centres (VCX)
Retained at neutral at Citi; Price Target: $2.20 from $2.10
Upgraded to outperform from hold at CLSA; Price Target: $2.33 from $2.11
Retained at neutral at Macquarie; Price Target: $2.04 from $1.87
Retained at underweight at Morgan Stanley; Price Target: $2.17
Ventia Services Group (VNT)
Retained at outperform at Macquarie; Price Target: $4.40
Woodside Energy Group (WDS)
Downgraded to marketperform from outperform at Bernstein; Price Target: $28.00 from $37.00
Whitehaven Coal (WHC)
Retained at neutral at Macquarie; Price Target: $8.00 from $8.75
Wisetech Global (WTC)
Retained at neutral at Macquarie; Price Target: $81.90
Scans
Top Gainers
Code | Company | Last | % Chg |
|---|---|---|---|
| DUN | Dundas Minerals Ltd | $0.047 | +95.83% |
| MTM | MTM Critical Metals Ltd | $0.061 | +64.87% |
| RGT | Argent Biopharma Ltd | $0.42 | +64.71% |
| ROC | Rocketboots Ltd | $0.115 | +53.33% |
| HUM | Humm Group Ltd | $0.715 | +37.50% |
Top Fallers
Code | Company | Last | % Chg |
|---|---|---|---|
| ADN | Andromeda Metals Ltd | $0.012 | -25.00% |
| MCM | MC Mining Ltd | $0.054 | -23.94% |
| GBE | Globe Metals & Mining Ltd | $0.035 | -22.22% |
| PLG | Pearl Gull Iron Ltd | $0.011 | -21.43% |
| BPH | BPH Energy Ltd | $0.018 | -18.18% |
52 Week Highs
Code | Company | Last | % Chg |
|---|---|---|---|
| LRV | Larvotto Resources Ltd | $0.33 | +24.53% |
| HCT | Holista Colltech Ltd | $0.017 | +21.43% |
| WTC | Wisetech Global Ltd | $111.71 | +18.36% |
| BTR | Brightstar Resources Ltd | $0.02 | +17.65% |
| CHC | Charter Hall Group | $14.01 | +15.79% |
52 Week Lows
Code | Company | Last | % Chg |
|---|---|---|---|
| ADN | Andromeda Metals Ltd | $0.012 | -25.00% |
| MCM | MC Mining Ltd | $0.054 | -23.94% |
| PLG | Pearl Gull Iron Ltd | $0.011 | -21.43% |
| N1H | N1 Holdings Ltd | $0.12 | -14.29% |
| ATG | Articore Group Ltd | $0.35 | -11.39% |
Near Highs
Code | Company | Last | % Chg |
|---|---|---|---|
| GCI | Gryphon Capital Income Trust | $2.04 | 0.00% |
| IHD | Ishares S&P/ASX DIV Opportunities Esg Screened ETF | $14.06 | +0.21% |
| FFM | Firefly Metals Ltd | $0.895 | +2.29% |
| AYLD | Global X S&P/ASX 200 Covered Call ETF | $10.59 | +0.10% |
| GLDN | Ishares Physical Gold ETF | $29.73 | -0.50% |
Relative Strength Index (RSI) Oversold
Code | Company | Last | % Chg |
|---|---|---|---|
| PWH | PWR Holdings Ltd | $9.40 | +0.32% |
| NEU | Neuren Pharmaceuticals Ltd | $15.32 | -1.54% |
| RHI | Red Hill Minerals Ltd | $3.93 | -7.75% |
| GNG | GR Engineering Services Ltd | $1.805 | -1.10% |
| GHY | Gold Hydrogen Ltd | $0.815 | +0.62% |
