CommSec Daily Report s

Evening Report | 22 May 2019

Rally extends into a sixth session Latest Prices 4.15pm AEST Level Previous % chg  The Australian sharemarket has clawed back earlier losses to All Ords 6,598.1 6,584.4 0.2 finish in positive territory for a sixth straight session. The ASX 200 6,510.7 6,500.1 0.2 market was lifted by gains from the Consumer Discretionary, Shanghai 2,891.5 2,906.0 -0.5 Japan Nikkei 21,270.9 21,272.5 0.0 Materials, Energy and Industrials sectors, which outweighed weakness in the Consumer Staples, Financials and Telco sectors. The ASX 200 (XJO) ended the day 10 points or US Dow Jones 25,877.3 25,679.9 0.8 0.2% to 6,510. The index is now up 15.3% year-to-date. US Nasdaq 7,785.7 7,702.4 1.1 UK FTSE 7,328.9 7,310.9 0.2  Fortescue Metals (FMG) shares were a weight on the market, Dow Futures 25,852.0 25,875.0 -0.1 as the iron ore miner traded ex-dividend. FMG – which will pay a 60c per share special dividend to eligible investors on 14 Last Previous % chg Consumer Discretionary 2,456.2 2,437.6 0.8 June – slumped 1.5% to $8.27. Consumer Staples 11,670.7 11,687.6 -0.1 Energy 11,469.6 11,393.1 0.7  In company news, (HSO) shareholders have Financials 6,269.4 6,270.2 0.0 overwhelmingly approved the private hospital operator's $4.4 Financial-x-A-REIT 6,992.5 6,993.3 0.0 billion acquisition by Canada's Brookfield Asset Management. Health Care 32,394.0 32,348.6 0.1 Healthscope shares could be delisted from the ASX as soon Industrials 6,517.1 6,493.3 0.4 as Friday, if the Federal Court approves the buyout at a Information Tech 1,339.1 1,338.9 0.0 hearing in the morning. HSO shares slipped 0.4% to $2.46. Materials 13,373.2 13,336.8 0.3 ASX200 A-REIT 1,593.9 1,596.2 -0.1  The Australian Agricultural Company (AAC) reported its full- Telecommunications 1,269.9 1,271.1 -0.1 year loss had widened by 45% to $148.4 million after taking a Utilities 8,315.2 8,318.5 0.0 $47 million hit from flooding that killed 43,000 head of cattle. AAC shares rose 2.2% to $1.14. Last Day Move % chg BHP $38.07 $0.13 0.3  Bank of (BOQ) Chairman, Roger Davis said in a RIO $101.70 $0.43 0.4 letter to shareholders that the regional lender has not CBA $79.00 $0.03 0.0 performed as well as hoped. However he’s optimistic about its ANZ $28.38 -$0.05 -0.2 “niche market strategies, Virgin Money , and the NAB $26.15 -$0.05 -0.2 opportunity of reinvigorating the business in the WBC $28.81 $0.31 1.1 coming 12 months." BOQ shares eased by 0.1% to $9.18. TLS $3.58 -$0.01 -0.3 WOW $33.76 $0.01 0.0  2.84b shares were trade, worth $6.98b. 637 stocks closed WES $37.12 $0.46 1.3 higher, 498 finished weaker, while 381 ended unchanged. WPL $37.40 $0.38 1.0 CSL $206.68 $0.44 0.2  In economic news, Construction Work Done fell by 1.9% in the COH $199.29 $0.03 0.0 NCM $26.72 -$0.20 -0.7 March quarter, missing consensus forecasts for a flat result,

amid a continued downturn in the home building sector. Current Aust 4pm % chg Elsewhere, the Internet Vacancy Index fell by 1.6% to 81.2 AUD/USD 0.6875 0.6885 -0.14 points in April. The index is 5.9% lower than a year ago – the AUD/EUR 0.6164 0.6168 -0.07 weakest annual growth rate since December 2013. AUD/JPY 75.928 76.061 -0.17

Looking ahead, minutes of the last US Federal Reserve  11am Official Cash 1.50 1.50 0.00 meeting will be released and weekly data on mortgage Aust 90 day futures 1.50 1.52 -1.32 applications is issued. Five Federal Reserve presidents deliver Oil Nymex ($US/b) US Close 62.97 63.21 0.0 speeches. Gold futures($US/oz) US Close 1274.50 1277.30 -0.1

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