What is Happening Down Under?

May 14, 2018

Australian Markets Recap

  • Australian equities finished higher with the ASX +0.31%. Telecommunications services (-4.39%) was the only sector in negative territory. Energy (+0.88%), materials (+0.83%), and healthcare (+0.84%) were the largest outperformers
  • Market breadth in the ASX 200 was decidedly positive with 121 stocks advancing, while 61 stocks declined
  • The ASX 200 traded on significantly lower volume than usual (19.21% below its 10-day average)

 

Australian Recap

  • According to a report by the Australian, major Australian banks have raised AUD$ 67 billion in funding YTD, well above expectations
  • A report by the Australian Financial Review showed that the Australian government plans to raise tax rates on higher income earners. The highest tax bracket (AUD$180k+) currently contributes 34% of the total tax burden
  • The Australian government estimates that the revenue collected from the illegal sale of tobacco is double what the Australian Tax Office estimates. The government is estimating that AUD$ 3.6 billion will be pulled in through these sales, compared to a AUD$1.8 billion estimate by the tax office

 

 

*Data in Price Return 

ASX 200 Movers

In local currency.

On Mobile/Tablet scroll to the right.

Outperformers Ticker Price Chg % Chg Volume
GWA Group Ltd ASX:GWA  3.93 0.21 5.65% 595.40k
Healthscope Ltd ASX:HSO  2.58 0.11 4.45% 25.31M
Beach Energy Ltd ASX:BPT  1.77 0.07 4.13% 23.52M
Super Retail Group Ltd ASX:SUL  8.20 0.29 3.67% 900.02k
Western Areas Ltd ASX:WSA  3.40 0.11 3.34% 2.18M

 

Underperformers Ticker Price Chg % Chg Volume
Lynas Corp Ltd ASX:LYC  2.46 -0.26 -9.56% 14.50M
News Corp ASX:NWS  21.10 -1.40 -6.22% 436.04k
Telstra Corp Ltd ASX:TLS  3.04 -0.16 -5.00% 70.91M
TPG Telecom Ltd ASX:TPM  5.53 -0.25 -4.33% 2.35M
Treasury Wine Estates Ltd ASX:TWE  17.94 -0.78 -4.17% 3.73M