Afternoon Report / Stocks marginally higher into the weekend

By Market Matters 20 March 20

Stocks marginally higher into the weekend

Market Matters Afternoon Report 20th March 2020


The market opened well this morning trading up more than +200pts at one stage as some pent up buying hit the screens, however the jitters crept in late in the day and the usual Friday afternoon sell-off took hold, stocks pulling back from early highs. US Futures traded in the opposite direction today, they were down early when we were up before edging higher throughout the day. A more subdued night in the US last night needs to be backed up by another drop in volatility tonight, high vol is unnerving.

The tables below that look at stocks and sector move over the week is fairly astonishing, the index down 13% however the worst 10 performances in the ASX 200 were down more than 40% each in 5 trading sessions.  On the market today, Real-Estate stocks bounced back after a horrible Thursday, +9% after falling -15% yesterday while the energy stocks enjoyed an uptick in the Oil price

Overall, the ASX 200 added  +33pts / +0.70% today to close at 4816 - Dow Futures are trading up +177pts/ 0.90%.

It’s been a huge week on the desk, totally exhausted and looking forward to the weekend. Stay safe all.

ASX 200 Chart

ASX 200 Chart


Sectors this week

Source: Bloomberg

Stocks this week

Source: Bloomberg


·        Medibank Private Raised to Neutral at Macquarie; PT A$2.65

·        Aurizon Raised to Outperform at Macquarie; PT A$5.52

·        Harvey Norman Raised to Outperform at Macquarie; PT A$3.10

·        Afterpay Raised to Neutral at UBS; PT A$13.20

·        Transurban Raised to Outperform at Macquarie; PT A$14.47

·        NAB Raised to Outperform at Macquarie; PT A$22

·        Regis Resources Raised to Sector Perform at RBC

·        Boral Raised to Buy at Citi; PT A$3

·        Monadelphous Raised to Buy at Morningstar

·        Domino's Pizza Enterprises Raised to Buy at Morningstar

·        Bluescope Raised to Buy at Morningstar

·        Cromwell Property Raised to Buy at Morningstar

·        SCA Property Raised to Buy at Morningstar

·        Sonic Healthcare Cut to Hold at Jefferies; PT A$23.40

·        BHP Group PLC Raised to Buy at Deutsche Bank; PT 1,450 pence

·        ANZ Bank Raised to Outperform at Credit Suisse; PT A$22.80

·        NAB Raised to Outperform at Credit Suisse; PT A$19.50

·        BHP ADRs Raised to Buy at Deutsche Bank

·        Sandfire Resources Raised to Neutral at Goldman; PT A$4.10

·        OZ Minerals Raised to Neutral at Goldman; PT A$7.90

·        Alumina Raised to Buy at Goldman; PT A$1.90

·        GUD Holdings Cut to Neutral at JPMorgan; PT A$1.28

·        REA Group Raised to Buy at Jefferies; PT A$85.90

· Cut to Hold at Jefferies; PT A$13.04

·        Medibank Private Raised to Outperform at Credit Suisse; PT A$3

·        Gold Road Rated New Buy at Hartleys Ltd; PT A$1.55


No changes to the portoflios today

Major Movers Today

Have a great night

James, Harry & the Market Matters Team


Market Matters may hold stocks mentioned in this report. Subscribers can view a full list of holdings on the website by clicking here. Positions are updated each Friday, or after the session when positions are traded.


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