Commsec Daily Report S
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CommSec Daily Report s Evening Report | 1 September 2017 Latest News Latest Prices 4.30pm AEST Level Previous % chg Local shares scraped into positive territory this afternoon and held All Ords 5,786.1 5,776.3 0.2 the advantage by a small margin at the close w ith a 10 point gain. Over ASX 200 5,724.6 5,714.5 0.2 the course of the w eek the ASX 200 posted a loss of 0.34% or 19 Shanghai 3,367.1 3,360.8 -0.1 points, having eased by 3 points over the course of last w eek. Japan Nikkei 19,691.5 19,646.2 0.6 Individual improvers were led by Blackmores (BKL) +24%, Orocobre (ORE) +19%, Altium (ALU) +1.8%, Resolute Mining (RSG) US Dow Jones 21,948.1 21,892.4 -0.1 +17%Galaxy Resources (GXY)+15%. Leading decliners in the ASX US Nasdaq 6,428.7 6,368.3 -0.5 200 w ere Japara Healthcare (JHC) -15%, Chorus (CNU) -15%, Harvey UK FTSE 7,430.6 7,365.3 -0.7 Norman (HVN) -10% , Nine Entertainment (NEC) -9%, Regis Dow Futures 21,988.0 21,950.0 0.1 Healthcare (REG) -9%. Last Previous % chg Sectors ending higher this w eek w ere led by Utilities +3.6%, Consumer Discretionary 2,128.4 2,146.2 -0.8 Information Technology +2.8%, Materials +1.4% Decliners w ere; Telecoms -6%.Consumer Discretionary -2%, Finance -1.3%, Consumer Staples 9,522.5 9,551.3 -0.3 Industrials -0.27%. Energy 9,220.6 9,177.4 0.5 Financials 6,350.9 6,343.4 0.1 Harvey Norman (HVN) continued to w eigh on the consumer Financial-x-A-REIT 7,083.3 7,075.0 0.1 discretionary space in the w ake of yesterday’s earnings report which Health Care 22,638.4 22,385.0 1.1 w as eclipsed by a dividend cut. A 29% increase in NPAT to a record Industrials 5,761.3 5,766.7 -0.1 $449 million w as shaded by the retailers decision to reduce its final Information Tech 885.0 880.9 0.5 dividend payment by 5 cents to 12 cents. The decision to preserve Materials 10,606.3 10,561.5 0.4 cash, driven by the shadow cast by Amazons suggested disruption and ASX200 A-REIT 1,319.6 1,315.9 0.3 a cooling housing market w as met w ith a shrug of the shoulder by Telecommunications 1,289.8 1,290.6 -0.1 analysts. HVN shares closed at $3.91 for a loss of 17 cents or 4.2% Utilities 8,462.2 8,396.7 0.8 Lithium miner Orecobre (ORE) shares were 1.6% or 6 cents higher at $3.92, continuing to move ahead after reporting a record profit a day Last Day Move % chg earlier, w hich featured record production and paved the w ay for a BHP $27.42 $0.04 0.1 NPAT of US$19.4 million an increase of US$41.4 million on the pcp. RIO $68.28 $0.44 0.6 CBA $75.48 -$0.32 -0.4 Boral (BLD) shares w ere 0.7% low er at $6.62 at the close after ANZ $29.59 $0.19 0.6 several days of volatile trade as participants monitor the damage left in NAB $30.33 $0.13 0.4 the w ake of Hurricane Harvey. The storm has left a trail of destruction WBC $31.34 $0.07 0.2 along the gulf coast of the United States and Texas in particular. BLD operations in the southern US state are responsible for more than 20% TLS $3.67 $0.00 0.0 of US earnings. So far this w eek BLD shares have fallen more than WOW $25.79 -$0.21 -0.8 5.5%. WES $42.44 -$0.18 -0.4 WPL $28.96 $0.13 0.5 In economic news figures revealed that home prices across the CSL $130.99 $2.47 1.9 nation w ere flat in the latest measured period. The CoreLogic Home WFD $7.58 $0.15 2.0 Value Index of capital city home prices rose by 0.1% in August to be NCM $23.27 $0.42 1.8 9.7% higher over the year. The national home price index w as flat in August to be up 8.9% over the year. It was the smallest monthly change in national prices in 16 months Current Aust 4pm % chg AUD/USD 0.7931 0.7946 -0.19 AUD/EUR 0.6672 0.6672 -0.01 The AUD/USD eased from 0.7950 at the Asia open to close at 0.7930. The AUD w as buffeted by opposing forces: gains in regional equity AUD/JPY 87.389 87.379 0.01 markets and iron ore futures but declines in yields on Australian government bonds. The past few days of strong Australian economic 11am Official Cash 1.50 1.50 0.00 data has encouraged economists to nudge up their estimate for Q2 Aust 90 day futures 1.74 1.72 1.16 GDP released on next Wednesday although there are many more Oil Nymex ($US/b) US Close 47.09 45.96 0.0 partial indicators to be released on Monday and Tuesday Gold futures($US/oz) US Close 1326.50 1314.10 -0.1 Twitter: @commsec Produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. 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