CommSec Daily Report s

Mid-Session Report | 14 January 2021

Latest News Latest Prices 12.10pm (AEDT) Indices Level Previous % chg  Aussie shares are firmer at lunch on Thursday and All Ords 6,981.8 6,953.9 0.40 overturning what was a soft open this morning. The ASX ASX 200 6,715.2 6,686.6 0.43 Shanghai 3,598.7 0.00 200 is now 29 points or 0.4% to 6,715 around midday, 3,598.7 Japan Nikkei 28,703.7 28,456.6 0.87 having been down 17 points or 0.25% at its lows in the first hour of trade. The local market had little to go off in terms US Nasdaq 13,129.0 13,072.4 0.43 of the lead from Wall Street with the major US indices UK FTSE 6,745.5 6,754.1 -0.13 closing mixed amid the political turmoil in Washington. DOW Futures 31,018.0 30,959.0 0.19

 The initial negativity on the market was primarily driven by Sectors Last Previous % chg losses for energy and materials. The energy sector was Consumer Discretionary 2,946.6 2,957.7 -0.38 down as much 0.9% while materials had tumbled close to Consumer Staples 12,611.5 12,495.1 0.93 1.5% at its lows this morning, following the drop in iron ore Energy 9,099.7 9,070.1 0.33 prices of 1.6%. Energy is now in green while material Financials 5,688.8 5,661.2 0.49 sector losses have roughly halved. Rio Tinto (RIO), BHP Financial-x-A-REIT 6,345.0 6,314.1 0.49 Group (BHP) and Fortescue Metals (FMG) all remain in the Health Care 40,797.8 40,344.0 1.12 red with FMG falling the most, down 1.6%. Industrials 5,884.0 5,825.9 1.00 Information Tech 2,091.1 2,016.7 3.69  The standout to the upside has been technology, having Materials 16,386.2 16,483.9 -0.59 lagged the market for the past three sessions this week. ASX200 A-REIT 1,384.9 1,374.7 0.74 Telecommunications 1,276.5 -0.23 The sector is being boosted by a 7.5% jump in 1,279.5 Utilities 6,462.4 6,416.1 0.72 (APT), which fell 5% between Monday to Wednesday. Stocks Last  However, Tyro Payments (TYR) continues its downward Day Move % chg BHP $46.07 -$0.15 -0.32 spiral. The payments solution provider is 8% lower today RIO $119.78 -$0.96 -0.80 and down 20% this week as the company still reels from CBA $85.86 -$0.11 -0.13 the outages of its payment terminals in stores. It could be ANZ $24.39 $0.23 0.93 facing legal action as connectivity issues meant retailers NAB $23.66 $0.18 0.77 couldn’t accept card payments. WBC $21.01 $0.41 1.99 TLS $3.08 -$0.02 -0.49  In other company news, Whitehaven Coal (WHC) is up 4% WES $50.82 -$0.28 -0.55 with the coal producer revising its FY21 output guidance on WPL $26.86 $0.18 0.67 a strong lift in the December Quarter. Q2 output rose 29% CSL $273.40 $2.36 0.87 to 3.9Mt as Indian demand rebounded for metallurgical and COH $188.23 $7.54 4.17 coking coal, key ingredients for making steel. WHC has NCM $26.88 -$0.08 -0.30 lifted the bottom end of its sales guidance range to 19Mt from 18.5Mt. Other Current Aust 4pm % chg AUD/USD 0.7752 0.7734 0.2  Pro Medicus (PME) is soaring 13% with the medical AUD/EUR 0.6370 0.6361 0.15 imaging company announcing a new $40 million, 7 year AUD/JPY 80.505 80.348 0.19

contract with Intermountain Health, a US Hospital network 11am Official Cash 0.10 0.10 0.00 in Utah, Nevada and Idaho, for its Visage 7 product. Aust 90 day futures 0.02 0.02 0.0 Oil Nymex ($US/b)* 50.94 51.06 -0.2  The Aussie dollar continues to swing but remains above 77 Gold futures($US/oz) 1849.30 1854.90 -0.3 US cents and with no local economic data due, is trading on the influence of USD moves. The local unit is buying 77.5 US cents.

James Tao - Media & Capital Markets Analyst (Author) Twitter: @commsec

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