Afternoon Report / Reporting season gets interesting

By Market Matters 09 August 17

Reporting season gets interesting

Market Matters Afternoon Report 9th August 2017

More volume of reports dropped today with some of the larger cap companies out with numbers – and all in all, they were strong across our coverage.  CBA headlined with a decent result (which we covered in the Income Report), while we also had Janus Henderson (JHG) delivering strong numbers and rallying +5.59% to close at $45.49.

Carsales (CAR) was also a beat as was the REIT Folkstone (FET) - up 3.79% on the day. We have HFA Holdings (HFA) in the MM Income Portfolio and that was also strong, more on the outlook rather than the result itself, however a +6.72% move up in the stock to close at $2.70 looks good to us.

On the broader market today, the IT sector led the way while most weakness was felt amongst the energy plays which declined by -0.87%  - an overall range of +/- 30 points, a high of 5777, a low of 5742 and a close of 5765,  up +22pts or +0.38%.

ASX 200 Intra-Day Chart

ASX 200 Daily Chart

Have a great night


The Market Matters Team



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