Wren Advisers Daily Database

Test Database

Summary: Thursday 24-May-2018

Australia	Value	Chg
S&P/ASX All Ordinaries Index	6,144.1	3.8
S&P/ASX 200 Index	6,037.1	4.6
ASX Volume (million)	2,057.8	-78.0
ASX Advances	583	---
ASX Declines	691	---
ASX Value ($ million)	4,933.4	-212.9
RBA cash rate	1.50	0.00
90 day bank bill rate	1.93	0.00
10 year Treasury bond yield	2.80	-0.04
AUD/USD	0.7562	0.0021
AUD/TWI	62.9	0.2
USD/JPY	109.47	-1.05
EUR/USD	1.1708	-0.0055

Asia	Value	Chg
Nikkei 225 Index	22,437.0	-252.7
Hang Seng Index	30,760.4	94.8

Europe	Value	Chg
FTSE 100 Index	7,716.7	-71.7
DAX Index	12,855.1	-121.7

North America	Value	Chg
Dow Jones Industrial Average	24,811.76	-75.05
NYSE Volume (million)	799.1	-9.7
NYSE Advances	1,467	---
NYSE Declines	1,477	---
NASDAQ Composite Index	7,424.43	-1.53
NASDAQ Volume (million)	1,989.1	58.4
NASDAQ Advances	1,396	---
NASDAQ Declines	1,522	---
US 3 month Treasury bill rate	1.92	0.00
US 10 year Treasury bond yield	2.98	-0.01

Commodities	Value	Chg
London PM gold price (US$/oz)	1,289.00	-4.05
WTI crude oil price (US$/bbl	70.75	-1.08

Market News

S&P/ASX 200 trades lower for most of the session before a late rally pushes it into positive territory. There is further strong buying of REITs, especially Lendlease Group (LLC) +2.5%, GPT Group +2.4% and Abacus Property Group (ABP) +2.4%. Bond proxies also do well with Transurban Group (TCL) +2.3%, Sydney Airport (SYD) +1.1% and APA Group +0.6%.

S&P/ASX 200 Intraday

Aristocrat Leisure (ALL) is the day's standout performer surging 8.0% after it reports a 2.8% rise in first half net profit. Revenue for the period was up 28.5%.

Wealth management stocks lose ground with Hub24 (HUB) -4.2%, Pendal Group (PDL) -3.5%, Platinum Asset Management (PTM) -2.6% and Challenger (CGF) -2.3%.

Infant formula producers mostly higher with The A2 Milk Co (A2M) +5.7% and Bellamy's Australia (BAL) +3.2% but Bubs Australia (BUB) -0.7% and Synlait Milk (SM1) -0.1%.

ASX Sector Indices (% change)

Cash Converters (CCV) jumps 7.1% after reaching a settlement with industry regulator ASIC over historical issues regarding collections and default listings.

Oz Minerals (OZL) slides 2.6% after extending its offer for Avanco Resources (AVB).

Westfield Corporation (WFD) drops 0.7% after shareholders approve its merger deal with Unibail-Rodamco.

Westpac Banking Corp (WBC) closes flat after ASIC wins its 'unconscionable conduct' case against the bank but the Federal Court rules that it did not amount to rate rigging.

ASX Market Moving Stocks

Metcash (MTS) rallies 7.7% after the release of positive research notes from JP Morgan and Ord Minnett. Analysts are becoming more confident that food deflation is easing and that the outlook for sales, margins and earnings, especially in its hardware business, is improving.

Cochlear (COH) falls 0.2%, its third consecutive daily decline, on valuation concerns while Technology One (TNE) slumps again after its disappointing profit result on Tuesday.

US stocks sink after President Trump calls off his 12 June summit with North Korean leader Kim Jong Un.

US jobless claims rise 11,000 to 234,000 last week, well above the market consensus of 220,000.

WARNING: While all care has been taken in the preparation of this database (using sources believed to be reliable and accurate), we do not accept responsibility for any loss suffered by any person arising from reliance on this information. This update must not be reproduced in whole or in part without the express written consent of Wren Advisers. The information is of a general nature only and has not been prepared to take into account any particular investor's objectives, financial situation or needs. Investors should seek professional advice from a financial adviser before making any investment decisions based on this information.