Wren Advisers Daily Update
Summary: Thursday 22-October-2020
Australia Value Chg
S&P/ASX All Ordinaries Index 6,383.7 -19.4
S&P/ASX 200 Index 6,173.8 -18.0
ASX Volume (million)     ---     ---
ASX Advances     --- ---
ASX Declines     --- ---
ASX Value ($ million)     ---     ---
RBA cash rate 0.25 0.00
90 day bank bill rate     ---     ---
10 year Treasury bond yield     ---     ---
AUD/USD 0.7093 0.0012
AUD/TWI 59.8 0.1
USD/JPY 104.71 -0.59
EUR/USD 1.1845 -0.0002
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
Across-the-board sell-off on the ASX with banks, energy and IT stocks particularly weak. Gold and defensive industrials outperform.

S&P/ASX 200 Intraday

Healius (HLS) soars 9.3% after saying that revenue was up 17.5% in the September quarter and underlying EBIT increased by 150.6%. Pathology revenues were 'strong', medical imaging revenues were 'up in all states other than Victoria' and hospital revenue were 'materially ahead' of last year.

Austal (ASB) sheds 0.9% after denying media reports about an investigation by the Australian Commission for Law Enforcement Integrity (ACLEI) into payments to Australian Border Force. Austal says it has had no contact with ACLEI and has no knowledge of any investigation, its status, or the substance or detail of any allegations that have been made.

AMP dives 5.6% after reporting net cash outflows of $1.95 billion in the September quarter, of which $692 million was the early release of super payments. Further outflows of approximately $450 million are expected in the December quarter due to the loss of a corporate super mandate.

S&P/ASX Sector Indices (% change)

The Star Entertainment Group (SGR) sheds 1.4% despite saying that trading during FY21 had been 'pleasing' with group domestic revenue running at approximately 70% of last year.

Online furniture and garden marketplace MyDeal.com.au (MYD) debuts on the ASX closing at $1.75, a 75% gain on its IPO price.

OZ Minerals (OZL) jumps 5.3% after confirming copper production of 68,681 tonnes and gold output of 66,746 in the September quarter. This puts the company on track to meet its full-year guidance targets which were revised slightly higher for gold to 242-259,000 ounces.

Flat fee broker SelfWealth (SWF) falls 0.8% after saying that the positive momentum from FY20 had continued into FY21 with 'record breaking trade volumes.'

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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