Wren Advisers Daily Update
Summary: Thursday 30-November-2023
Australia Value Chg
S&P/ASX All Ordinaries Index 7,243.5 -2.3
S&P/ASX 200 Index 7,033.8 -1.5
ASX Volume (million)     ---     ---
ASX Advances     --- ---
ASX Declines     --- ---
ASX Value ($ million)     ---     ---
RBA cash rate (%) 4.35 0.00
90 day bank bill rate (%)     ---     ---
10 year Treasury bond yield (%)     ---     ---
AUD/USD 0.6627 -0.0023
AUD/TWI     ---     ---
USD/JPY 146.99 -0.09
EUR/USD 1.0979 -0.0024
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
*** INTRADAY ***

Lacklustre trading on the ASX as gains among technology, financial and bank stocks are offset by losses in the real estate, resources and utilities sectors.

ABS figures show residential building approvals rose 7.5% in October 2023 (consensus: 2.0%) driven by a 19.5% jump in apartment approvals. However total approvals are still 6.1% down on a year ago.

Other ABS data show total new capital expenditure was up 0.6% in the September quarter 2023 (consensus: 1.0%) and 10.7% higher for the year.

Iress (IRE) surges 14.6% after saying that revenue growth in the second-half was up 2.6% on the first-half and upgrading its EBITDA guidance to $123-128 million (previously $118-122 million).

Origin Energy (ORG) falls 1.9% after formally rejecting the revised takeover proposal from Canada's Brookfield and its private equity partner EIG. The board says the revised proposal 'is incomplete, complex, highly conditional, and does not provide sufficient
certainty for Origin shareholders.'

SkyCity Entertainment (SKC) adds 0.7% after the High Court of New Zealand ruled in its favour regarding a concession agreement with Macquarie over the termination of a 2019 deal to own and operate car parks at its Auckland casino.

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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