Market Outlook - 05 July 2021

On Friday, The ASX 200 index rose 43 points to 7,308.6 The Royal Automobile Club of Tasmania (RACT) has points. The rise pushed the index slightly higher last week, confirmed the sale of Suncorp's (SUN) 50% ownership in up 0.01 percent. The moves came as a result of stronger RACT Insurance for $83.75 million.After appointing Edith stock markets in the United States overnight. Bailey as its new Chief Marketing Officer, A2 Milk (A2M) climbed 5.2 percent. Following a week of lockdowns around , investors are looking forwards to a major Reserve Bank meeting and The energy sector led the gains today, up 1.8 percent, 2.4 US earnings releases next week. percent increase in oil prices overnight after OPEC+ failed to reach an agreement on oil supply. Consumer With the discovery of a substantial potential scam involving discretionary and industrial stocks both increased by 1.3 equipment leases, (WBC) has filed a lawsuit in percent. Consumer staples declined 0.03 percent, followed the Federal Court against Forum Finance. At this time, it by IT, which fell 0.1 percent. appears that no WBC customer has lost money. The stock lost 0.04 percent of its value. On Thursday, despite 31 cases of COVID-19 being identified in NSW, travel stocks have fared well. Higher was The Mach Energy Mt Pleasant Operation in NSW has (FLT), (WEB), (QAN), and chosen CIMIC's (CIM) Thiess as the preferred mining Airport (SYD). services provider. Revenue is estimated to be over $925 million over four and a half years beginning in April 2022, In May 2021, new housing loan commitments increased by subject to contract completion. CIM is up 1.2 percent. 4.9 percent to a new high of $32.6 billion (seasonally adjusted). Investor housing increased by 13.3% to $9.1 The big miners were a mixed bag. BHP gained 0.68 billion, the highest amount since April 2015. percent to $48.55 a share. Fortescue had not changed much. fell 0.22 percent to $125.71 per share.

Top Gainers Top Losers

Company Last Price Change% Company Last Price Change%

Sydney Airport Holdings Co $7.570 +30.12% Ltd Holdings Ltd $2.730 -5.03%

Auckland International $ 7.12 +6.27% Airport Ltd Ltd $4.950 -4.81%

Atlas Arteria $ 6.61 +5.01% Nuix Ltd $2.33 -4.12%

A2 Milk Company Ltd $ 6.79 +4.14% Adelaide Brighton Ltd $3.420 -4.35%

Hub24 Ltd $28.59 +3.62% News Corp B DRC $ 32.23 -2.45% Market Outlook - 05 July 2021

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