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The Aussie share market managed to advance 0.6% yesterday. Nine of the eleven industry sectors posted gains, with the tech sector advancing the most. On the flip side, the real estate sector and utilities sector posted small losses.
On the ASX200 leaderboard, HUB24 (ASX:HUB) lifted nearly 10% off the back of its solid half-year results. The investment advice company experienced a record inflow of funds during the half, and an increase of 80% in its group underlying EBITDA. Macquarie maintained its Outperform rating on HUB and stated that the company is now its preferred exposure among wealth platforms. And a few tech stocks performed well, including Tyro Payments (ASX:TYR), as well as Life360 (ASX:360) and Zip (ASX:Z1P), who are both set to report today. Meanwhile, Domino’s Pizza (ASX:DMP) was the worst performer, plummeting 14% after its half-year results showed that its underlying net profit had plunged 5.3% to $91.3 million. This was short of Bell Potter’s and consensus’ expectations of $96m. Bell Potter have retained its HOLD rating with a 27% reduction in its price target to $95.
The most traded stocks by Bell Direct clients yesterday included AVZ Minerals (ASX:AVZ), BrainChip (ASX:BRN) and Woodside Petroleum (ASX:WPL).
In the US, the S&P500 closed lower for the fourth straight session, the Dow was down over 400 points and the Nasdaq declined more than 2% with the market is struggling to find direction given the Russia-Ukraine tensions.
In line with the negative session over on Wall Street, the futures are suggesting the Aussie share market will open 1.3% lower this morning.
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