Wren Advisers Daily Update
Summary: Thursday 24-June-2021
Australia Value Chg
S&P/ASX All Ordinaries Index 7,539.1 -13.0
S&P/ASX 200 Index 7,275.3 -23.2
ASX Volume (million)     ---     ---
ASX Advances     --- ---
ASX Declines     --- ---
ASX Value ($ million)     ---     ---
RBA cash rate 0.10 0.00
90 day bank bill rate     ---     ---
10 year Treasury bond yield     ---     ---
AUD/USD 0.7569 0.0024
AUD/TWI 63.2 0.2
USD/JPY 110.86 0.08
EUR/USD 1.1923 -0.0004
Asia Value Chg
Nikkei 225 Index     ---     ---
Hang Seng Index     ---     ---
Europe Value Chg
FTSE 100 Index     ---     ---
DAX Index     ---     ---
North America Value Chg
Dow Jones Industrial Average     ---     ---
NYSE Volume (million)     ---     ---
NYSE Advances     --- ---
NYSE Declines     --- ---
NASDAQ Composite Index     ---     ---
NASDAQ Volume (million)     ---     ---
NASDAQ Advances     --- ---
NASDAQ Declines     --- ---
US 3 month Treasury bill rate     ---     ---
US 10 year Treasury bond yield     ---     ---
Commodities Value Chg
London PM gold price (US$/oz)     ---     ---
WTI crude oil price (US$/bbl)     ---     ---
Market News
Lacklustre trading on the ASX as technology and retailing stocks push higher but energy and healthcare companies slump. Woolworths Group (WOW) tumbles 11.2% after spinning off its drinks and hospitality business Endeavour Group (EDV). Endeavour closes at 6.02 after hitting a high of $6.60 in intraday trading.

S&P/ASX 200 Intraday

ABS business conditions and sentiments survey for June shows
  • 27% of respondents are having difficulty finding suitable staff to fill jobs;
  • the proportion of businesses expecting an increase in revenue has fallen from 27% in February 2021 to 18% for July 2021; and
  • 74% of businesses reported a lack of applicants for jobs.
Harris Technology Group (NT8) jumps 9.1% after saying that its recent Amazon Australia Prime Day promotion saw a record sales totalling $429,963. This represents a 32% increase on the previous Prime Day promotion in 2020.

S&P/ASX Sector Indices (% change)

SG Fleet (SGF) closes flat amid news that the Foreign Investment Review Board (FIRB) has issued a 'no objection' notification to the company in relation to its proposed acquisition of LeasePlan Australia.

Medical software business Pro Medicus (PME) rallies 6.9% despite being downgraded from hold to reduce by broker Morgans.

Cimic Group (CIM) edges 0.1% higher after being named as the preferred partner for the North East Link road project in Melbourne.

ASX Market Moving Stocks

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. All figures in Australian dollars unless otherwise indicated.

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