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Transcript of European equities gain 0.7% ASX Futures up 20 points · (ASX:BPT) jumped 11.3%. The Gross Domestic...
European equities gain 0.7%
ASX Futures up 20 points
wise-owl.comPowered by
U.S. stocks advanced, extending their eight-week highs with banks and
energy shares rallying for a second day as improving data bolstered
optimism on the economy.
The Standard & Poor’s 500 Index rose 0.4 percent to 1,986.36 at 4
p.m. in New York, holding at the highest since Jan. 6.
A report today showed companies in the U.S. added more workers
than forecast to their payrolls, another positive signal on the economy
after gauges showing stability at American factories, major carmakers
and in the public and private construction industries helped spur a rally
yesterday.
The Stoxx Europe 600 Index added 0.7% yesterday, led by mining and
financial stocks.
Most commodities rallied overnight as Crude Oil, Gold, Silver and
Copper prices edged higher, while Natural Gas dropped 4%.
US Stocks Gain amid Better than Expected Data
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change
S&P500 +0.41%
Dow Jones +0.20%
NASDAQ +0.29%
STOXX 600 +0.66%
FTSE100 -0.09%
DAX30 +0.61%
Crude Oil +0.76%
Gold +0.90%
The local share market edged above 5000 points after a positive lead
from international markets overnight. The ASX was buoyed by gains in
banking shares and better than expected GDP data.
The benchmark index ASX200 added 2% to reach 5021 points at the
close of trading yesterday.
All sectors except for Utilities and Industrials edged higher. The Energy
and Financial sectors rose 4% and 3% respectively.
Financials as a whole was lifted by the gains in the big four banks, with
ANZ Banking Group (ASX:ANZ) rising 4.5% and National Australia
Bank (ASX:NAB) adding 3.5%.
Amongst the Energy companies, Woodside Petroleum (ASX:WPL)
gained 5.1%, Santos Ltd (ASX:STO) rose 5% and Beach Energy Ltd
(ASX:BPT) jumped 11.3%.
The Gross Domestic Product (GDP) released by the Australian Bureau
of Statistics showed an increase of 3% year-on-year, against an
expected 2.5% rise.
ASX Edges Above 5000 Points
THE ASX YESTERDAY IN REVIEW AUS Ticker Change
ASX200 +2.01%
ALLORDS +1.88%
CBA +3.54%
BHP +4.37%
WBC +4.14%
NAB +3.53%
TFC +5.88%
VRL +1.97%
QBE +2.79%
DAILY PRICE ACTIVITY AUSTRALIA
ASX200 price action yesterday
UPCOMING DIVIDENDS
Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends
Tasty dividends & distributions
DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %
HHL Hunter Hall Int. 03 Mar 2016 21 Mar 2016 14.10 100.00
IANG CBND 3M PER X 03 Mar 2016 15 Mar 2016 111.14 --
LHC Lifehealthcare Group 03 Mar 2016 21 Mar 2016 5.00 0.00
PEA Pacific Energy 03 Mar 2016 13 Apr 2016 1.00 100.00
PGH Pact Group Holdings 03 Mar 2016 06 Apr 2016 10.00 65.00
PIC Perpetual Equity Investment Company 03 Mar 2016 21 Mar 2016 0.80 100.00
SDA Speedcast International 03 Mar 2016 04 Apr 2016 3.65 100.00
SHL Sonic Healthcare 03 Mar 2016 06 Apr 2016 30.00 30.00
CTD Corporate Travel Management 04 Mar 2016 08 Apr 2016 9.00 100.00
DCG Decmil Group 04 Mar 2016 29 Mar 2016 2.00 100.00
IVC InvoCare 04 Mar 2016 08 Apr 2016 22.25 100.00
KME Kip McGrath 04 Mar 2016 24 Mar 2016 0.50 0.00
WHATS HOT?
DATE CODE COMPANY ANNOUNCEMENT
WHATS NOT?
MPL.asx - steaming hot GNC.asx - cooling down
Share of the insurance company Medibank
Private Ltd rose more than 7% yesterday after it
announced that the government has approved
for the company to increase its premiums by an
average of 5.64% across all its insurance
products. MPL closed at $2.78 yesterday and is
up 30% year-to-date.
Shares of GrainCorp Operation Ltd have been
travelling in a downtrend since the company
posted a 36% decline in FY15 net profit in
November 2015. It recently announced a
dampened outlook, stating that it expects its
FY16 underlying profit to drop a further $15
million due to challenging conditions in the
sector.
ECONOMIC NEWS
What to look out for:
DATE CODE COMPANY ANNOUNCEMENT
Australian trade balance
data due at 11:30 AM
(AEDT)
UK services PMI data
due tonight
NEWSWORTHY
This caught our attention..
DATE CODE COMPANY ANNOUNCEMENTANZ Simplifies its Wealth Management
Business
ANZ seeks to align the distribution of wealth products and services
within its retail and commercial businesses. The bank also aims to
enhance its insurance, superannuation and investments product
businesses in Australia in order to improve returns and capital
efficiency.
The bank aims to shift its ANZ-branded distribution, which includes
ANZ Financial Planning, to be a part of its Retail Distribution
segment in Australia. In the New Zealand region, the bank’s
wealth segment will be a part of an expanded retail, business
banking and wealth team. The bank’s remaining insurance,
superannuation and investment activities in Australia are to be
formed into a focussed business under the name ‘Australia
Wealth’.
Read the full story here: https://www.wise-owl.com/news/anz-
simplifies-its-wealth-management-business
LATEST UPDATE FROM WISE-OWL
SEEK Limited (SEK)
CODE COMPANY ANNOUNCEMENTActive Investor's Update: SEEK Limited (SEK) -
Take Profit
ASX:SEK
SEEK Limited (ASX:SEK) hit our profit target of $15.90 this
morning, currently trading at $16.05, which presents 'Active
Investor's' with an opportunity to take profit on this trade. Wise-owl
recommended to buy SEK on 17 December 2015 and this position
is part of our Active Investor's Portfolio.
The recommendation had an initial outlook of 3-6 months and even
though we have held SEK for less than 3 months, we consider it
appropriate to sell and close this position. The total gain on this
trade is 10%.
SEEK released a strong earnings result on 25th February in line
with our expectations. However the stock has been volatile over the
past 12 months, experiencing swings of ~30% in a relatively short
time. We will keep SEK on our watchlist.
Take Profit | Last Price $16.05 | Profit on this Trade: 10%
Click Here for the Full Report
LATEST UPDATE FROM WISE-OWL
Sugar Dragon Ltd (SDC)
CODE COMPANY ANNOUNCEMENTFloat Watch Report: Sugar Dragon Ltd (SDC)
ASX:SDC
Sugar Dragon Limited ("Sugar Dragon", "the Company") is an
Australian company with a strategic interest in confectionary
wholesaling. The Company's primary asset is a 72.5% interest in
Okmno Asia Limited ("Okmno") which is a confectionary
manufacturer based in Hong Kong. Okmno operates under a
license agreement from King.com to distribute "Candy Crush"
branded confectionary products in Asia.
Okmno is currently the only regional licensee of King.com and has
a first mover advantage. Initial interest for its products has resulted
in sales in Taiwan and South Korea. Brand awareness for the
"Candy Crush" franchise could galvanise interest towards the stock.
IPO Report | Offer Price: $0.20 | Listing: 21st Mar | Rating: 1.5/5
Click Here for the Full Report
OUR VIEWS AT A GLANCE
Find below a summary of Wise-owl’s current market views
CODE COMPANY ANNOUNCEMENT
The ASX 200 remains in a medium-term downtrend
We continue to focus on small-mid cap stocks
We remain cautious on the resource sector
Bullish view for European equities
There are individual opportunities on the ASX 200
We favour the risk/reward ratio for gold miners
A WISE-OWL PUBLICATION
Presented by Simon Herrmann
DATE CODE COMPANY ANNOUNCEMENT
Wise-owl.com
Discovering the Bluechips of Tomorrow
www.wise-owl.com
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very early in their life cycle. The significant capital growth that often follows has earned
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LICENSE & DISCLAIMER
DATE CODE COMPANY ANNOUNCEMENTDISCLAIMER
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