Skip to main content

Market Update 1 April

Jessica Amir
April 1, 2020

Aussie shares kicked off the month and quarter up 3.4% on Wednesday 1 April at midday.

Overnight markets were mixed with US equities down, while European equities made gains, gold fell to US$1,597 an ounce and oil rose 2% with US President Donald Trump and his counterpart, Vladimir Putin set to hold talks to stabilise energy markets.

All eyes on: Oil Search (ASX:OSH) up 18% as a Japanese fund manager increased their stake in the firm. Macquarie dropped its target price to $4.00, (It’s trading around $2.81). Scentre Group (ASX:SGC) another stand-out, up 12% on securing extra funding to boost its liquidity position to $3.1 billion, while it announced it has $2.5b in bonds, plus other bank facilities maturing, which will help it navigate Coronavirus (COVID19).

Investors absorb better than expected economic data: Australian manufacturing data for March, taking the industry out of the contraction phase amid frenzy stockpiling. Plus building approvals were also better than expected in February, with VIC unit approvals surging. Bell Potter Upgrades: Agribusiness Elders (ASX:ELD) reiterated as a buy. And Upgraded Johns Lyng Group (ASX:JLG) to a buy as its construction is listed as an “essential service”, company bookings lift.

Morning Bell 6 May

Paulina Peters
May 6, 2021

Morning Bell 5 May

Jessica Amir
May 5, 2021

Morning Bell 4 May

Jessica Amir
May 4, 2021

Morning Bell 3 May

Jessica Amir
May 3, 2021

Weekly Wrap 30 April

Jessica Amir
April 30, 2021

Morning Bell 30 April

Sophia Mavridis
April 30, 2021

Morning Bell 29 April

Paulina Peters
April 29, 2021

Morning Bell 28 April

Jessica Amir
April 28, 2021

Morning Bell 27 April

Jessica Amir
April 27, 2021

Morning Bell 26 April

Jessica Amir
April 26, 2021

Weekly Wrap 23 April

Jessica Amir
April 23, 2021