Wren Advisers Daily Update
Summary: Monday 15-April-2024
Australia Value Chg
S&P/ASX All Ordinaries Index 8,050.2 0.0
S&P/ASX 200 Index 7,788.1 0.0
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 0.6426 -0.0100
AUD/TWI     ---     ---
USD/JPY 153.25 0.05
EUR/USD 1.0647 -0.0065
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 ***

Broad-based sell-off on the ASX although base metal, iron ore miners and energy companies post gains. Gold, technology and retailing stocks are among the worst performers as hopes for lower interest rates waver.

The technology sector is particularly weak, especially Appen (APX) -6.2%, Weebit Nano (WBT) -3.9% and Tyro Payments (TYR) -3.5%.

Coventry Group (CYG) enters a trading halt amid news that it will acquire Steel Masters Auckland Limited for $42.1 million. The purchase will be funded via a combination of debt and a $25 million fully underwritten two-tranche institutional placement. The company says the deal will deliver FY24 'buying synergies' of $1.1 million.

Electro Optic Systems (EOS) rallies 4.4% after securing two contracts worth a combined $24 million from the NATO Navy and the Australian Defence Force.

Endeavour Group (EDV) climbs 1.0% after being upgraded from equal-weight to overweight by Morgan Stanley.

Omni Bridgeway (OBL) slumps 4.3% after being reinstated to the ASX following irregularities in the appointment of its auditor.

Predictive Discovery (PDI) dives 9.0% despite news that a pre-feasibility study for the Bankan gold project confirms its status as 'one of the most exciting development projects globally.'

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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