CommSec Daily Report s

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Evening Report | 5 April 2019

Latest News

Latest Prices

Selling has continued for a second consecutive day with the ASX 200 firmly in the red, but finishing off its lows for the day. The index fell 51.5 points or 0.83% to 6181.3. The losses over the last two sessions have wiped out the gains over the first three days as the index finished the week flat.

Today's losses come despite the majority of US indices lifting on trade optimism. There were reports from Chinese news source, Xinhua that Vice Premier Liu He said a new consensus had been reached on the text of an economic and trade agreement. While the two nations are much closer to a deal, intellectual property and theft along with certain tariffs remain sticking points.

Every sector ended the day in negative territory today. The tech sector saw the largest fall in percentage terms followed by consumer staples and property trusts but financials and healthcare were the main weight and contributed most to broader losses.

Over the course of the week, materials were the most improved with miners supported by iron ore prices. The tech sector was another advancer along with consumer staples and discretionaries. Real Estate and utilities were the major underperformers for the week.

In company news, Automotive Holdings (AHG) has surged 20.7% after receiving a takeover offer from AP Eagers (APE), with an offer of 1 APE share for every 3.8 AHG shares. Both stocks rallied on the news with APE also lifting 5.6%.

Afterpay Touch (APT) was one of the biggest gainers today with a 3.8% lift, Domain Holdings (DHG) climbed 3.7% and Eclipx (ECX) rose 1.8%. Among the worst performers were Bravura Solutions (BVS) which fell 4.8%, Appen (APX) was down 4.1% and Webjet (WEB) declined 3.6%.

All Ords ASX 200 Shanghai Japan Nikkei

US Dow Jones US Nasdaq UK FTSE Dow Futures

Consumer Discretionary Consumer Staples Energy Financials Financial-x-A-REIT Health Care Industrials Information Tech Materials ASX200 A-REIT Telecommunications Utilities

BHP RIO CBA ANZ NAB WBC TLS WOW WES WPL CSL COH NCM

The Aussie Dollar managed to strengthen against the greenback on improved global outlook. The local unit is buying 71.25 US cents at the close of Aussie trade.

Looking ahead in the US, the highly anticipated US employment figures are released along with consumer credit figures.

Today, 1.8b units were traded worth $5.4b with 501 stocks higher 601 weaker and 395 unchanged.

AUD/USD AUD/EUR AUD/JPY

11am Official Cash Aust 90 day futures Oil Nymex ($US/b) US Close Gold futures($US/oz) US Close

4.30pm

Level 6,270.6 6,181.3 3,246.6 21,787.3

AEDT

Previous 6,320.4 6,232.8 3,246.6 21,725.0

% chg -0.8 -0.8 0.0 0.3

26,384.6

26,218.1

0.6

7,891.8

7,895.6

0.0

7,401.9

7,418.3

-0.2

26,424.0

26,388.0

0.1

Last 2,341.4 10,792.2 10,840.9 5,829.0 6,501.3 30,452.1 6,256.9 1,296.4 13,318.6 1,517.0 1,169.4 7,967.5

Previous 2,364.1 10,932.9 10,876.2 5,883.4 6,562.0 30,811.7 6,327.4 1,316.9 13,343.0 1,537.5 1,171.3 8,059.8

% chg -1.0 -1.3 -0.3 -0.9 -0.9 -1.2 -1.1 -1.6 -0.2 -1.3 -0.2 -1.1

Last $39.22 $99.91 $70.89 $25.95 $24.81 $26.05 $3.27 $30.40 $34.21 $34.10 $196.88 $169.53 $24.63

Day Move -$0.20 $0.28 -$0.34 -$0.31 -$0.36 -$0.18 -$0.01 -$0.29 -$0.48 -$0.03 -$2.37 -$3.68 $0.03

% chg -0.5 0.3 -0.5 -1.2 -1.4 -0.7 -0.3 -0.9 -1.4 -0.1 -1.2 -2.1 0.1

Current 0.7125 0.6346 79.590

Aust 4pm 0.7114 0.6340 79.423

% chg 0.15 0.10 0.21

1.50 1.73 62.18 1296.40

1.50 1.74 62.46 1295.30

0.00 -0.57 0.0 -0.1

James Tao (Author)

Twitter: @commsec

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