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The Market Wrap with Grady Wulff, Market Analyst at Bell Direct

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Travel agency bookings for domestic flights have been softer, which could cause problems for Webjet.

MARKET WRAP:

  • ASX200: up 0.52%, 8386
  • GOLD: $3,292 US/ounce
  • BITCOIN: $165,309 AUD
  • Seek on track to hit the top half of guidance on its revenue and profit, sending shares up almost 7% to $23.69.
  • Commbank up 1.5%, NAB up 1.2%, and ANZ up 0.3%. 
  • Even after signalling 1500 job losses would be on the way, Westpac still rose 0.2%
  • Woodside and Santos both up by more than 1%.
  • WebJet was flat as it reported a net profit after tax of $5.1 million.
  • Mayne Pharma dropping almost 30% to $4.55 as its $672 million takeover by US-based Cosette looked under threat.
  • James Hardie lost 6.2% after saying the US renovations market was not as strong as it would like.
  • Down more than 1% was Aristocrat Leisure, Computershare and Suncorp.

CURRENCY UPDATE:

  • AUD/USD: 64.4 US cents
  • AUD/GBP: 48 pence
  • AUD/EUR: 57 Euro cents
  • AUD/JPY: 92 yen
  • AUD/NZD: 1.08 Dollars
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