Stoxx 600 drops 1.7% ECB boosts QE and lowers rates

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1 Stoxx 600 drops 1.7% ECB boosts QE and lowers rates Powered by wise-owl.com

2 YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change US and European Equities Volatile after ECB Meeting U.S. stocks closed little changed after swinging between gains and losses, as investors assessed fresh stimulus measures unleashed by the European Central Bank. Equities stormed back in a final-hour rebound to briefly erase declines in major indexes that had reached more than 1 percent. The S&P 500 Index rose less than 0.1 percent to 1,989.5 at 4 p.m. in New York, after dropping 1 percent. European stocks, which surged after the European Central Bank unveiled its stimulus package, reversed gains after President Mario Draghi said he doesn t anticipate further rate cuts. The Stoxx Europe 600 Index lost 1.7 percent at the close of trading, the biggest drop in two weeks. The benchmark earlier jumped as much as 2.5 percent after the ECB lowered its three main interest rates, increased bond purchases by a third and made corporate debt eligible. S&P % Dow Jones -0.03% NASDAQ -0.26% STOXX % FTSE % DAX % Crude Oil -1.18% Gold +1.22% Shares then headed lower after Draghi s comments stoked concern that the central bank has limited monetary-policy tools in the future.

3 THE ASX YESTERDAY IN REVIEW AUS Ticker Change ASX Closes Marginally Lower; Sectors were a Mixed Bag The benchmark index ASX 200 swung between gains and losses in yesterday s session before closing 0.1% lower at 5150 points. The sectors had a mixed performance as Discretionary and Energy closed 0.7% and 0.6% higher while Healthcare stocks declined 1.5% as a group. CSL Limited (CSL) dropped 0.9%, Ramsay Healthcare (RHC) shed 2.6% and Sonic Healthcare (SHL) closed 0.9% lower. The Financials sector closed little changed while all big four banks gained with National Australia Bank (NAB) adding 0.5% while Westpac Banking Group (WBC) gained 0.3%. However most of the other financial stocks such as Bendigo and Adelaide (BEN), Bank of Queensland (BOQ) and CYBG Plc (CYB) declined yesterday. Chinese Inflation data showed that its Consumer Price Index rose 2.3% year-on-year in February, against a 1.8% rise in the previous month. ASX % ALLORDS -0.09% CBA +0.37% BHP -0.73% WBC +0.28% NAB +0.51% WOW -1.37% CGF +1.56% IAG +0.18% The Reserve Bank of New Zealand slashed the interest rates 0.25% to a record low of 2.25%. by

4 DAILY PRICE ACTIVITY AUSTRALIA ASX200 price action yesterday

5 UPCOMING DIVIDENDS Tasty dividends & distributions DATE CODE COMPANY ANNOUNCEMENT ASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING % NABPC Mar Mar ADH Adairs 15 Mar Apr ALU Altium 15 Mar Apr ANZPE Mar Mar ANZPF Mar Mar APD APN Property 15 Mar Apr BWF Blackwall Property Funds 15 Mar Apr BWR Blackwall Property Trust 15 Mar Apr CIM CIMIC Group 15 Mar Apr DWS DWS 15 Mar Apr EPX Ethane Pipeline 15 Mar Apr MBLPA Mar Mar Courtesy of

6 WHATS HOT? WHATS NOT? SGR.asx - steaming hot HIL.asx - cooling down DATE CODE COMPANY ANNOUNCEMENT Shares of The Star Entertainment Group reached a new high yesterday to close at $5.40. The casino operator recently announced positive results with normalised NPAT up 26% for the six months to December The normalised gross revenue grew 6.7% compared to pcp. The share price of the electronics manufacturer Hills Limited slumped over 42% year-to-date. The company recently released a gloomy financial result for the first half of FY16, with a net loss of $68.9 million due to a 28% fall in revenue. The company booked more than $90 million in write-downs during the period.

7 ECONOMIC NEWS What to look out for: DATE CODE COMPANY ANNOUNCEMENT No economic news for Australia UK trade balance data to be released at 8:30 PM (AEDT)

8 NEWSWORTHY This caught our attention.. ACCC DATE Approves CODE COMPANY for Coles to Acquire Five ANNOUNCEMENT Supabarn Supermarkets Owner of the supermarket giant Coles, Wesfarmers (ASX:WES) announced that The Australian Competition and Consumer Commission (ACCC) has approved for its restructured proposal to acquire five Supabarn supermarkets in the NSW and ACT regions. Supabarn is a privately owned supermarket operator with nine stores operating in the ACT and NSW and two development sites. Apart from Coles and Woolworths, Supabarn is the only operator providing full-line supermarkets that include a liquor section in the ACT region. Coles had originally proposed to acquire all nine supermarkets from Supabrarn. The competition watchdog had raised concerns over the proposal in September 2015, stating that the acquisition would most likely not result in a healthy competitive environment. Read the full story here:

9 LATEST UPDATE FROM WISE-OWL Mint Payments Ltd (MNW) CODE COMPANY Growth Portfolio: Mint Payments Ltd (MNW) - ANNOUNCEMENT Spec Buy Mint Payments Limited ( Mint, the Company ), is an Australian technology company focused on payment solutions, transaction processing and ecommerce. Mint s payment technology allows enterprises to accept credit card and debit card payments on most devices. The Company has offices and operations in Australia, Singapore and New Zealand. Founded in 2007, Mint listed on the Australian Securities Exchange ( ASX ) in Mint is recording strong user growth on its platform and total transaction values have increased 243% year-on-year largely driven by its major customers Bank of New Zealand and MYOB. Revenue has increased at an average rate of 140% over the past three years. ASX:MNW SPEC BUY Last Price: $0.085 Target: $0.20 Stop: $0.05 Outlook: 12m+ Click Here for the Full Report

10 OUR VIEWS AT A GLANCE Find below a summary of Wise-owl s current market views CODE COMPANY ANNOUNCEMENT The ASX 200 remains in a medium-term downtrend We continue to focus on small-mid cap stocks We remain cautious on the resource sector Bullish view for European equities There are individual opportunities on the ASX 200 We favour the risk/reward ratio for gold miners

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