Stoxx 600 slides 1.9% ASX Futures down 12 points Powered by wise-owl.com
YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change US and European Stocks Finish Week Lower U.S. stocks were little changed in light trading, following their first weekly decline in six, as investors assessed economic data for clues on the course for interest rates. The Standard & Poor s 500 Index increased for the first time in four days. The gauge on Thursday halted the longest stretch of weekly gains since November after Federal Reserve officials stressed in comments that rates will rise as soon as data warrant. The main U.S. benchmark rose less than 0.1 percent to 2,037.05 at 4 p.m. in New York, after weaving between gains and losses. The index dropped 0.7% during the week. Europe s benchmark dropped 1.5 percent at the close of trading. The volume of shares changing hands was a third percent lower than the 30-day average. The Stoxx 600 fell 1.9 percent last week, recording a second straight decline, trimming its first monthly advance since November. S&P500 +0.05% Dow Jones +0.11% NASDAQ -0.14% STOXX 600-1.46% FTSE100-1.49% DAX30-1.71% Crude Oil +0.30% Gold +0.19%
THE ASX YESTERDAY IN REVIEW AUS Ticker Change ASX Drops 1.6% in Holiday Shortened Week The benchmark index ASX 200 declined 1.1% on Thursday and closed the week 1.6% lower. ASX200-1.13% ALLORDS -1.01% CBA -2.45% Financials as a group slid 2.5% on Thursday as ANZ Banking Group Ltd (ANZ) slumped 5.2% and Westpac Banking Corporation (WBC) shed 4.6%. Materials declined 1.7% as BHP Billiton and Rio Tinto lost 3.4% and 3.6% respectively. BHP WBC -3.41% -4.58% The Healthcare sector was bolstered by gains in CSL Limited (CSL), Ramsay Healthcare (RHC) and Cochlear Limited (COH). Economic data released last week: Existing home sales in the US rose 5.1 million in February, against 5.5 million growth in January. Crude oil inventories grew 9.36 million barrels last week, substantially higher than 1.3 million barrels rise in the week prior. The country s GDP expanded 1.4% during the fourth quarter, an improvement over a 1% rise in the previous quarter. NAB -3.53% WOW +0.31% VRL -0.96% AJA +1.67%
DAILY PRICE ACTIVITY AUSTRALIA ASX200 price action last week
UPCOMING DIVIDENDS Tasty dividends & distributions DATE CODE COMPANY ANNOUNCEMENT ASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING % AYF Australian Enhanced Income Fund 30 Mar 2016 15 Apr 2016 10.00 31.61 BOQPD -- 30 Mar 2016 15 Apr 2016 256.90 100.00 BPA Brookfield Prime Property 30 Mar 2016 29 Apr 2016 6.00 0.00 CAB Cabcharge 30 Mar 2016 29 Apr 2016 10.00 100.00 CWP Cedar Woods Properties 30 Mar 2016 29 Apr 2016 12.00 100.00 DIV UBS IQ Morningstar Australia Dividend Yield ETF 30 Mar 2016 14 Apr 2016 12.94 0.00 GDF Garda Diversified Property Fund 30 Mar 2016 22 Apr 2016 2.25 0.00 GMF GPT Metro Office 30 Mar 2016 29 Apr 2016 3.85 0.00 IMFHA BND 3M 06-19 E 30 Mar 2016 08 Apr 2016 163.00 -- KBC Keybridge Capital 30 Mar 2016 15 Apr 2016 0.25 100.00 LKOGA 10% CN 31-MAR-17 30 Mar 2016 08 Apr 2016 50.00 -- MBLHB HY 3M PER Q ST 30 Mar 2016 15 Apr 2016 99.98 -- Courtesy of http://www.morningstar.com.au/stocks/upcomingdividends
WHATS HOT? WHATS NOT? VCX.asx - steaming hot ADR.asx - cooling down DATE CODE COMPANY ANNOUNCEMENT Moody s assigned A2 rating to Vicinity with a stable outlook on 9 March 2016. The credit rating agency stated that Vicinity has a solid liquidity profile which includes undrawn facilities of around $1.4 billion. Vicinity is expected to have a moderate financial profile with the Moody s forecasting net debt/ EBITDA of around 5-5.2 times over the next 12-24 months. Adherium Ltd reported 34% lower operating revenue for the 1H16 period. Subsequently, the company s net loss widened from $0.7 million to $3.8 million during the reporting period. Adherium recently established its operations in North America. ADR is down 22.5% year-todate.
ECONOMIC NEWS What to look out for: DATE CODE COMPANY ANNOUNCEMENT No economic news for Australia US consumer confidence data due overnight
NEWSWORTHY This caught our attention.. ENN DATE Group CODE Set COMPANY to Become Largest Shareholder ANNOUNCEMENT in Santos ENN Ecological Holdings, a subsidiary of ENN Group, is planning to acquire Hony Capital s 11.7% holding in Santos (ASX:STO) for US$750million, subject to its shareholders approval. Upon completion of the acquisition, ENN Ecological Holdings will become the largest shareholder within Santos, a title previously held by Private Equity firm Hony Capital. Speaking on the matter, ENN Group Chairman Mr Wang Yusuo said: The proposed acquisition is an exciting move for ENN. This introduction to the upstream sector takes us a step forward in our aim to generate value across the entire natural gas value chain, and allows us to learn and build experience. Read the full story here: https://www.wise-owl.com/news/enngroup-set-to-become-largest-shareholder-in-santos
LATEST UPDATE FROM WISE-OWL Shark Mitigation Systems Ltd (SM8) CODE COMPANY Float Watch: Shark Mitigation Systems Ltd (SM8) ANNOUNCEMENT IPO Report Shark Mitigation Systems Ltd ("Shark Mitigation", "the Company") is an Australian technology company focused on marine safety. The Company's primary asset is intellectual property ("IP") surrounding Shark Attack Mitigation Systems ("SAMS") - a deterrent technology; and Clever Buoy - a detection and warning system developed in partnership with Optus and Google. The IP portfolio is subject to a number of patent applications. The Clever Buoy technology is in the final stages of precommercialisation testing. The Company anticipates first revenue from Clever Buoy by the middle of 2016. License agreements have been executed with diving, surfing, swimming, and wetsuit companies for the SAMS technology, which has been incorporated into commercial prototype wetsuit designs and neoprene materials ASX:SM8 IPO Report Offer Price: $0.20 Listing: 24th Mar Rating: 2.5/5 Click Here for the Full Report
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
A WISE-OWL PUBLICATION Presented by Simon Herrmann DATE CODE COMPANY ANNOUNCEMENT Wise-owl.com Discovering the Bluechips of Tomorrow www.wise-owl.com Wise owl specializes in identifying emerging companies and financial market trends very early in their life cycle. The significant capital growth that often follows has earned wise owl a formidable reputation for discovering the bluechips of tomorrow. Investors, executives, and institutions harness this expertise through wise owl s research, and capital market services. Phone: 1300 306 308 Phone (Int.): +61 2 8031 9700 Fax: 1300 304 306 Post: Suite 4.02 Level 4,139 Macquarie St, Sydney, 2000 Email: info@wise-owl.com Follow us on Twitter Like us on Facebook Linkedin Add me on Linkedin: https://au.linkedin.com/in/herrmannsimon
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