Market IndexMarket Index

Evening Wrap: ASX 200 sags as National Australia Bank and Mineral Resources plummet post results

Bacaan 17 minit

The S&P/ASX 200 closed 61.8 points lower, down 0.73%.

Disappointing results from National Australia Bank (NAB) and iron ore, lithium, and mining services company Mineral Resources (MIN) dragged on the ASX 200 today.

There were some bright spots, however, as rising natural gas prices helped the Utilities sector, and another big jump in market darling Pro Medicus (PME) bolstered Healthcare.

Click/scroll through for the usual reporting of the major sector and stock-specific moves, the broker responses to them, as well as all the key upcoming economic data in tonight's Evening Wrap.

Also, I have detailed technical analysis on the S&P/ASX 200, Market response to RBA rate cut, and Natural Gas in today's ChartWatch.

Let's dive in!

Today in Review

Wed 19 Feb 25, 5:01pm (AEDT)

NameValue% Chg
Major Indices
ASX 200 8,419.2 -0.73%
All Ords 8,699.1 -0.66%
Small Ords 3,245.7 -0.03%
All Tech 4,132.0 +0.70%
Emerging Companies 2,391.4 -0.27%
Currency
AUD/USD 0.6366 +0.22%
US Futures
S&P 500 6,152.5 +0.09%
Dow Jones 44,686.0 +0.10%
Nasdaq 22,261.0 +0.13%
NameValue% Chg
Sector
Utilities 8,738.0 +0.84%
Communication Services 1,683.4 +0.80%
Health Care 44,028.0 +0.75%
Industrials 8,032.3 +0.31%
Materials 17,109.4 +0.03%
Consumer Discretionary 4,231.2 -0.15%
Information Technology 2,883.8 -0.39%
Real Estate 3,953.9 -0.69%
Consumer Staples 12,022.6 -0.80%
Financials 8,806.2 -2.01%
Energy 8,195.1 -2.35%

Markets

XJO Intraday chart 19 February 2025

ASX 200 Session Chart

The S&P/ASX 200 (XJO) finished 61.8 points lower at 8,419.2, 0.76% from its session high and 0.36% from its low. In the broader-based S&P/ASX 300 (XKO), advancers lagged decliners by a modest 120 to 167.

It was a barbell in terms of sector performance on the ASX today. Gold (XGD) (+1.5%) (gold price spiked back up overnight), Utilities (XUJ) (+0.84%) (natural gas price also spiked โ€“ see ChartWatch below for technical analysis), and Health Care (XHJ) (+0.75%) (Pro Medicus PME (+6.2%) spiked today as it is want to do!) each prospered.

But, as I work through the other side of the barbell, you will see the weight of index points substantially outweighed the contributions above, hence the overall inevitable decline in the benchmark ASX 200.

Energy (XEJ) (-2.3%) was down again on a 5% sell off in Santos STO following the release of its full year 2025 results, but there were similar heavy falls in beleaguered coal stocks. New Hope Corporation NHC (-4.0%), Whitehaven Coal WHC (-2.8%), and Coronado Global Resources CRN (-3.2%) were notable decliners here, but I note a continued decline in the uranium price dragged on that segment of the Energy sector also.

As bad as Energy is/was (the charts have told the story here for months! ๐Ÿ“‰), in terms of index points, its sector-wide contribution was probably only akin to the contribution (or destruction in index points) from the Big 4 Banks.

Itโ€™s been a week to forget for the banking sector as a combination of full-year and quarterly results have fallen at odds with the sectorโ€™s strong rally over the past 6 months. Today, it was National Australia Bank NAB (-8.1%) and its quarterly results that did the damage.

Everything in the middle of the barbell saw only modest gains or losses, but there was a tinge of โ€œmoney flowing out of interest rate sensitivesโ€ like Real Estate Investment Trusts (XPJ) (-0.59%), Information Technology (XIJ) (-0.39%), and Consumer Discretionary (XDJ) (-0.15%), as local long term risk-free rates spiked in the wake of yesterday's RBA meeting โ€“ more details on that in ChartWatch below.

ChartWatch

S&P/ASX 200 (XJO)

S&P-ASX 200ย (XJO) chart 19 Februuary 2024

Dismal and disappointing...๐Ÿ˜ญ (click here for full size image)

Itโ€™s all a bit dismal and disappointing here, isnโ€™t it? ๐Ÿค”

If I made a mistake in my analysis on this chart, it was in the last update on it in the Evening Wrap on 14 February where I proposed the โ€œdisappointingโ€ candles of 13-Feb and 14-Feb โ€“ two consecutive closing highs โ€“ werenโ€™t anything to be concerned about.

Hindsight is a wonderful thing, of course, and this Harry probably should be too annoyed with his inability to draw a line between those two upward pointing shadows (indicating sell the rally activity) and the subsequent sell off.

Perhaps I gave the Aussie stock market too much credit. To be fair, though, record highs is usually a reliable indicator of excess demand โ€“ and not the pathetic display weโ€™ve seen over the last couple of trading sessions. Two credible supply-side showings now.

Also to be fair, the RBA did bash the market on the head yesterday with a โ€œNo you petulant children โ€“ you are NOT getting four interest rate cuts over the next 12 months โ€“ pull your collective heads in!โ€. Or something to that effect.

So, thereโ€™s that.

Australian 10 Year Government Bond Yield chart 19 February 2025

Australian 10-year bond yield (click here for full size image)

Local long term risk free yields were jammed higher as a result, and you know that stocks hate higher risk-free market yields.

There was some encouragement from the modest downward pointing shadow today, seemingly for now holding the dynamic demand Iโ€™d usually expect to kick in at the short term uptrend ribbon. 8445 was dispensed with, however.

As suggested previously, the real / important point of demand is more likely 8353, and so far, it appears intact. Below it, though, Iโ€™d ratchet up my concern level a notch. โš ๏ธ

The obvious counter for the last two sessions is white candles and high closes. This would put us back on track in the still-prevailing short and long term uptrends.

Should we see a righting of the ship into weekโ€™s end, then supply is now likely substantial between 8567-8616.

Natural Gas Futures (Front month, back-adjusted) NYMEX

Natural Gas Futures (Front month, back-adjusted) NYMEX chart 19 Februuary 2024

A really interesting chart! ๐Ÿ“‰๐Ÿ“ˆ (click here for full size image)

Weโ€™ve never covered US Natural Gas before, because it is a price point that is very specific to US natural gas producers and consumers. Thereโ€™s another completely different contract for the European market, and also one for the Chinese / Asian markets.

So, one canโ€™t really look at this chart and go โ€“ โ€œOoh, ooh that must be good for Woodside and Santosโ€.

It doesnโ€™t really work like that, but it would also be inaccurate to say that a move in one regional contract doesnโ€™t influence moves in others. Arbitrage ensures thereโ€™s some linkages.

Either way, itโ€™s just a chart I think is really interesting โ€“ and thatโ€™s all I aim to do here โ€“ show you really interesting charts! ๐Ÿง

This looks like a classic turnaround setup here, specifically a long term downtrend to long term uptrend turnaround โ€“ because you can also have the opposite.

As you know, my rules for a turnarounds are as follows:

  • The price must close above the long term trend ribbon

  • The long term trend ribbon must transition to at least amber (i.e., at least long term equilibrium in the demand-supply environment)

  • The long term trend ribbon must demonstrate that it is now acting as a zone of dynamic demand (as opposed to the likely long period of it acting as dynamic supply in the long term downtrend โ€“ e.g., check the chart above because my long term downtrend ribbon was darn-near perfection ๐Ÿ’ฏ!)

  • The short term trend ribbon shows an uptrend, it is expanding, and itโ€™s also acting as a zone of dynamic demand

  • The price action has switched to rising peaks and rising troughs (i.e., back to demand reinforcement and supply removal)

  • The candles are predominantly demand-side in nature (i.e., white-bodied and or downward pointing shadows indicating accumulation and buy the dip activity)

As each of the above are consistent with a demand-side market in both the long and short term โ€“ then what other option do I have but to adopt a bullish posture and look for long-side trading opportunities?

Keep in mind my usual disclaimer that even if one ticks all of the above checkboxes โ€“ continued price appreciation is NOT guaranteed. There are no guarantees in markets. Anything can and will happen in the chart (because anything can and will happen in the world around us).

My job is simply to identify how the demand-supply environment is placed โ€“ and to follow that broad consensus. If the consensus changes, so too will my view.

Your job is your job โ€“ and you can do it any way you like, of course. But if you want to do it my way, then I hope the above criteria for identifying a โ€œTurnaround Setupโ€* as I call it, will be helpful.

Weโ€™ll keep tabs on the NatGas chart going forward to see how it turns out, but I suggest a close above the critical 4.02-4.093 static supply zone potentially frees the way for it to probe significantly higher supply zones (4.757 is the next key supply level from the Weekly chart, not shown).

(*Note: I have just 3 setups: Continuation, Turnaround, and Aggressive โ€“ the other two are perhaps topics for another ChartWatch!).

Economy

Today

  • AUS Wage Price Index December quarter

    • +0.7% q/q actual vs +0.9% q/q in September revised up from +0.8% q/q

    • Annual wage growth +3.2% p.a. vs +3.6% p.a. in September quarter

    • Will please RBA who yesterday cited wages growth as a particular pressure point with respect to the bank's rates calculations going forwards

Later this week

Thursday

  • 06:00 USA Federal Open Markets Committee (FOMC) February meeting minutes

  • 11:30 Employment Data January

    • Employment change: (+19,700 forecast vs +56,300 in December)

    • Unemployment rate: (4.1% forecast vs 4.0% in December)

  • 12:00 CHN People's Bank of China (PBOC) key interest rates

    • 1-y Loan Prime Rate: 3.10% (no change)

    • 5-y Loan Prime Rate: 3.60% (no change)

Friday

  • 09:00 Flash Manufacturing & Services Purchasing Managers Index (PMI) January

    • Manufacturing PMI (50.2 previous)

    • Services PMI (51.2 previous)

  • 09:30 RBA Governor Michelle Bullock speech

  • 18:00 (from) Various EU Manufacturing and Services PMIs January

Saturday

  • 01:45 USA Flash Manufacturing & Services Purchasing Managers Index (PMI) January

    • Manufacturing PMI (forecast 51.2 vs 51.2 in December)

    • Services PMI (forecast 53.2 vs 52.9 in December)

Latest News

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What if CBA rallied another 40%?

Wed 19 Feb 25, 3:10pm (AEDT)

Midday Movers hub min

Stocks making the biggest moves at noon: MinRes, NAB, Southern Cross, Gold miners and more

Wed 19 Feb 25, 12:47pm (AEDT)

Dividends bwp

ASX Dividend Stocks: A reliable 5% yielder (but limited share price upside)

Wed 19 Feb 25, 11:17am (AEDT)

Technical Analysis 29m aqz

ChartWatch ASX Scans: Mineral Resources, Pilbara Minerals, Whitehaven Coal, New Hope Corporation, Yancoal, Metals X

Wed 19 Feb 25, 9:00am (AEDT)

Market Wraps

Morning Wrap: ASX 200 futures flat, S&P 500 notches record close + MinRes, Goodman earnings

Wed 19 Feb 25, 8:34am (AEDT)

Market Wraps a2m ad8

Evening Wrap: ASX 200 sags despite CSL, Audinate bounces as coal, lithium, and uranium stocks tumble

Tue 18 Feb 25, 6:07pm (AEDT)

More News

Interesting Movers

Trading higher

  • +16.3% Biome Australia (BIO) - Continued positive response to 18-Feb Biome First Half FY25 Results and Highlights, rise is consistent with prevailing short and long term uptrends ๐Ÿ”Ž๐Ÿ“ˆ

  • +15.5% Navigator Global Investments (NGI) - Appendix 4D and Interim Financial Report and Interim Results Presentation.

  • +14.2% Southern Cross Electrical Engineering (SXE) - Appendix 4D and Investor Presentation - H1 FY25 Results.

  • +10.3% Corporate Travel Management (CTD) - Profit Guidance, rise is consistent with prevailing short and long term uptrends, a recent regular in ChartWatch ASX Scans Uptrends list ๐Ÿ”Ž๐Ÿ“ˆ

  • +9.6% Light & Wonder (LNW) - Strategic Acquisition - Charitable Gaming Assets, rise is consistent with prevailing short and long term uptrends ๐Ÿ”Ž๐Ÿ“ˆ

  • +8.7% Retail Food Group (RFG) - Appendix 4D & 1H25 Financial Report and Launch of Firehouse Subs in Australia.

  • +8.3% Meeka Metals (MEK) - 16m @ 9.45g/t Au - High-Grade Gold Continues at St Annes, general strength across the broader Gold sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list ๐Ÿ”Ž๐Ÿ“ˆ

  • +7.7% Data#3 (DTL) - Half Yearly Report and Accounts.

  • +7.4% Bubs Australia (BUB) - No news, likely positive fall out from recent strong performance at A2 Milk Co. (A2M).

  • +7.4% Adriatic Metals (ADT) - Successful Completion of Placement, general strength across the broader Gold sector today, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list ๐Ÿ”Ž๐Ÿ“ˆ

  • +7.0% Shape Australia Corporation (SHA) - Appendix 4D and Half Year Report and Half Year Results Presentation, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list ๐Ÿ”Ž๐Ÿ“ˆ

  • +7.0% Ventia Services Group (VNT) - Appendix 4E and 2024 Annual Report and FY24 Results - Presentation.

  • +6.2% Pro Medicus (PME) - No news since 13-Feb HY25 Results, rise is consistent with prevailing short and long term uptrends, one of the most Featured (highest conviction) stocks in ChartWatch ASX Scans Uptrends list ๐Ÿ”Ž๐Ÿ“ˆ

  • +6.1% Smart Parking (SPZ) - Successful Completion of Institutional Offer, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list ๐Ÿ”Ž๐Ÿ“ˆ

  • +5.9% St Barbara (SBM) - December 2024 Half Year Report, general strength across the broader Gold sector today.

  • +5.8% Seek (SEK) - Continued positive response to 18-Feb FY2025 Half Year Results.

Trading lower

  • -28.8% Step One Clothing (STP) - 1H25 Appendix 4D & Half Year Report and 1H25 Results Presentation, fall is consistent with prevailing short term downtrend and long term trend is transitioning from up to down ๐Ÿ”Ž๐Ÿ“‰

  • -20.7% Mineral Resources (MIN) - FY25 Half Year Financial Report and Appendix 4D and FY25 Half Year Results Presentation, fall is consistent with prevailing short and long term downtrends, one of the most Featured (highest conviction) stocks in ChartWatch ASX Scans Downtrends list ๐Ÿ”Ž๐Ÿ“‰

  • -11.4% Lycopodium (LYL) - Half Yearly Report and Investor Presentation 1HFY2025.

  • -9.7% The Star Entertainment Group (SGR) - No news since 17-Feb Debt Refinancing Proposal, today's move is consistent with recent volatility.

  • -8.3% Audinate Group (AD8) - No news since 17-Feb 2025 Half Year Results, repelled perfectly from long term downtrend ribbon! ๐Ÿ”Ž๐Ÿ“‰

  • -8.1% National Australia Bank (NAB) - 2025 First Quarter Trading Update.

  • -7.1% Imugene (IMU) - No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list ๐Ÿ”Ž๐Ÿ“‰

  • -5.1% Lotus Resources (LOT) - No news, general weakness across the broader Uranium sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list ๐Ÿ”Ž๐Ÿ“‰

  • -4.8% Mystate (MYS) - MyState Limited HY25 Investor Presentation and MyState Limited and Auswide Bank Merger Implemented.

  • -4.8% Pilbara Minerals (PLS) - Becoming a substantial holder, plenty of references to "securities lending agreement" in thereโ€ฆmeans short sellers, fall is consistent with prevailing short and long term downtrends, one of the most Featured (highest conviction) stocks in ChartWatch ASX Scans Downtrends list ๐Ÿ”Ž๐Ÿ“‰

  • -4.8% Emeco (EHL) - Appendix 4D Half Year Report 1H25 and 1H25 Results Presentation.

  • -4.6% Hansen Technologies (HSN) - Appendix 4D 31 December 2024 and 1H25 Results Presentation.

  • -4.5% Santos (STO) - Appendix 4E and 2024 Annual Report and Santos 2024 Full-year results, general weakness across the broader Energy sector today, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list ๐Ÿ”Ž๐Ÿ“‰

Broker Moves

  • 3P Learning (3PL)

    • Retained at equal-weight at Morgan Stanley; Price Target: $0.900 from $1.050

  • Aristocrat Leisure (ALL)

    • Retained at overweight at Morgan Stanley; Price Target: $75.00

  • ARB Corporation (ARB)

    • Retained at hold at Canaccord Genuity; Price Target: $34.70

    • Retained at buy at Citi; Price Target: $51.20 from $49.22

    • Retained at neutral at Goldman Sachs; Price Target: $38.00 from $39.20

    • Upgraded to neutral from underweight at JP Morgan; Price Target: $37.00

    • Upgraded to outperform from neutral at Macquarie; Price Target: $45.40 from $43.80

    • Retained at overweight at Morgan Stanley; Price Target: $46.00

    • Retained at hold at Morgans; Price Target: $35.76 from $37.75

    • Retained at buy at Ord Minnett; Price Target: $45.00 from $47.15

    • Retained at outperform at RBC Capital Markets; Price Target: $45.00

    • Retained at sell at UBS; Price Target: $34.00 from $34.50

  • Aurizon (AZJ)

    • Retained at neutral at Macquarie; Price Target: $3.41 from $3.52

  • Bapcor (BAP)

    • Retained at neutral at Citi; Price Target: $5.17

  • Baby Bunting Group (BBN)

    • Retained at buy at Citi; Price Target: $2.42 from $2.01

    • Retained at neutral at Macquarie; Price Target: $1.850 from $1.650

    • Retained at overweight at Morgan Stanley; Price Target: $2.20 from $2.00

    • Retained at hold at Morgans; Price Target: $1.900 from $1.800

    • Retained at accumulate at Ord Minnett; Price Target: $2.15

  • BHP Group (BHP)

    • Retained at buy at Citi; Price Target: $46.00

    • Retained at buy at Goldman Sachs; Price Target: $47.40 from $46.80

    • Retained at outperform at Macquarie; Price Target: $42.00

    • Retained at overweight at Morgan Stanley; Price Target: $48.50

    • Retained at add at Morgans; Price Target: $48.10 from $49.70

    • Retained at accumulate at Ord Minnett; Price Target: $43.00

    • Retained at sector perform at RBC Capital Markets; Price Target: $45.00

  • Biome Australia (BIO)

    • Retained at buy at Bell Potter; Price Target: $0.850

  • Big River Industries (BRI)

    • Retained at buy at Ord Minnett; Price Target: $1.760 from $1.730

  • Bluescope Steel (BSL)

    • Retained at accumulate at Ord Minnett; Price Target: $27.50 from $24.00

  • Challenger (CGF)

    • Retained at buy at Bell Potter; Price Target: $7.80 from $8.25

    • Retained at buy at Citi; Price Target: $6.70 from $7.80

    • Retained at buy at Goldman Sachs; Price Target: $7.30 from $7.60

    • Upgraded to overweight from neutral at JP Morgan; Price Target: $6.30 from $6.80

    • Retained at outperform at Macquarie; Price Target: $6.60 from $7.10

    • Retained at equal-weight at Morgan Stanley; Price Target: $5.95 from $6.60

    • Retained at add at Morgans; Price Target: $6.93 from $7.90

    • Retained at buy at UBS; Price Target: $7.65

  • Corporate Travel Management (CTD)

    • Retained at buy at Citi; Price Target: $13.90

    • Retained at sector perform at RBC Capital Markets; Price Target: $14.50

    • Retained at neutral at UBS; Price Target: $13.55

  • Cleanaway Waste Management (CWY)

    • Retained at outperform at RBC Capital Markets; Price Target: $3.40

    • Retained at buy at UBS; Price Target: $3.30

  • DigiCo REIT (DGT)

    • Retained at buy at UBS; Price Target: $5.60

  • Deterra Royalties (DRR)

    • Retained at buy at Canaccord Genuity; Price Target: $4.90

    • Retained at neutral at Citi; Price Target: $4.50 from $4.40

    • Retained at buy at Goldman Sachs; Price Target: $4.70

  • Data#3 (DTL)

    • Retained at positive at E&P; Price Target: $9.11

    • Retained at neutral at UBS; Price Target: $7.30

  • Dexus (DXS)

    • Retained at negative at Citi; Price Target: $7.80 from $7.30

    • Retained at outperform at Macquarie; Price Target: $8.08 from $7.74

    • Retained at underweight at Morgan Stanley; Price Target: $7.30

  • Goodman Group (GMG)

    • Retained at buy at Citi; Price Target: $40.00

    • Retained at neutral at UBS; Price Target: $38.45

  • HMC Capital (HMC)

    • Retained at buy at Goldman Sachs; Price Target: $12.30 from $9.86

    • Retained at equal-weight at Morgan Stanley; Price Target: $11.96

    • Retained at buy at UBS; Price Target: $12.40 from $10.85

  • Hansen Technologies (HSN)

    • Retained at outperform at RBC Capital Markets; Price Target: $6.20

    • Retained at buy at UBS; Price Target: $6.50

  • Hub24 (HUB)

    • Retained at buy at Bell Potter; Price Target: $93.00 from $79.20

    • Retained at hold at Canaccord Genuity; Price Target: $85.00 from $74.65

    • Retained at neutral at Macquarie; Price Target: $89.30 from $62.10

    • Retained at hold at Moelis Australia; Price Target: $88.58

    • Retained at hold at Moelis Australia; Price Target: $88.58

    • Retained at overweight at Morgan Stanley; Price Target: $79.00

    • Retained at hold at Morgans; Price Target: $80.16 from $69.55

    • Downgraded to hold from buy at Ord Minnett; Price Target: $84.00 from $73.00

    • Retained at sector perform at RBC Capital Markets; Price Target: $75.00 from $65.00

    • Retained at neutral at UBS; Price Target: $86.00 from $75.50

    • Downgraded to market-weight from overweight at Wilsons; Price Target: $82.00 from $80.00

  • Humm Group (HUM)

    • Retained at buy at Ord Minnett; Price Target: $0.900

    • Retained at buy at Shaw and Partners; Price Target: $1.000

  • Infomedia (IFM)

    • Retained at buy at Bell Potter; Price Target: $1.750 from $1.780

    • Retained at buy at Shaw and Partners; Price Target: $2.10

    • Retained at buy at UBS; Price Target: $1.750

  • Infratil (IFT)

    • Retained at overweight at Morgan Stanley; Price Target: NZ$15.00

  • Judo Capital (JDO)

    • Retained at sell at Citi; Price Target: $1.600 from $1.350

    • Retained at neutral at Macquarie; Price Target: $1.850 from $1.750

    • Retained at overweight at Morgan Stanley; Price Target: $2.30 from $1.79

    • Retained at hold at Morgans; Price Target: $2.08 from $1.96

    • Upgraded to buy at Ord Minnett; Price Target: $2.50 from $1.80

    • Retained at buy at UBS; Price Target: $2.55 from $2.50

  • James Hardie Industries (JHX)

    • Retained at neutral at Citi; Price Target: $56.00

    • Retained at sector perform at RBC Capital Markets; Price Target: $52.00

    • Retained at buy at UBS; Price Target: $61.00

  • Lendlease Group (LLC)

    • Retained at neutral at Citi; Price Target: $7.50 from $8.00

    • Retained at outperform at CLSA; Price Target: $7.40 from $7.30

    • Retained at neutral at JP Morgan; Price Target: $6.75 from $6.50

    • Retained at outperform at Macquarie; Price Target: $7.24 from $7.08

    • Retained at hold at Ord Minnett; Price Target: $6.30 from $6.40

    • Retained at sell at UBS; Price Target: $6.38 from $6.25

  • Light & Wonder (LNW)

    • Retained at neutral at Citi; Price Target: $156.00

  • Macmahon (MAH)

    • Retained at buy at Argonaut Securities; Price Target: $0.470 from $0.450

    • Retained at buy at Canaccord Genuity; Price Target: $0.370

    • Retained at buy at Euroz Hartleys; Price Target: $0.410

    • Retained at overweight at Jarden; Price Target: $0.340 from $0.320

  • Mineral Resources (MIN)

    • Retained at neutral at Citi; Price Target: $35.00

    • Retained at neutral at Macquarie; Price Target: $36.00

  • Monadelphous Group (MND)

    • Retained at hold at Bell Potter; Price Target: $15.90 from $13.90

    • Retained at neutral at Citi; Price Target: $16.65 from $16.30

    • Downgraded to neutral from overweight at Jarden; Price Target: $16.10 from $13.50

    • Retained at neutral at JP Morgan; Price Target: $15.80 from $13.60

    • Retained at outperform at Macquarie; Price Target: $17.40 from $15.93

    • Upgraded to add from hold at Morgans; Price Target: $17.50 from $14.80

    • Retained at neutral at UBS; Price Target: $16.00 from $15.45

  • National Australia Bank (NAB)

    • Retained at sell at Citi; Price Target: $26.50

    • Retained at sell at UBS; Price Target: $37.50

  • Orora (ORA)

    • Downgraded to neutral from buy at Goldman Sachs; Price Target: $2.40 from $2.75

  • Reliance Worldwide Corporation (RWC)

    • Retained at buy at Citi; Price Target: $5.90 from $5.85

    • Retained at buy at Goldman Sachs; Price Target: $6.00 from $6.05

    • Retained at neutral at Jarden; Price Target: $5.60 from $5.70

    • Retained at outperform at Macquarie; Price Target: $5.90 from $6.55

    • Retained at equal-weight at Morgan Stanley; Price Target: $5.00

    • Retained at add at Morgans; Price Target: $5.80 from $6.10

    • Retained at accumulate at Ord Minnett; Price Target: $5.70 from $5.80

    • Retained at neutral at UBS; Price Target: $5.60 from $5.85

  • Seek (SEK)

    • Retained at sell at Goldman Sachs; Price Target: $24.00 from $21.50

    • Retained at buy at Jarden; Price Target: $28.00

    • Retained at outperform at Macquarie; Price Target: $26.75 from $25.00

    • Retained at overweight at Morgan Stanley; Price Target: $30.00

    • Retained at add at Morgans; Price Target: $27.20

    • Retained at buy at UBS; Price Target: $30.10 from $29.20

  • Stockland (SGP)

    • Retained at buy at Citi; Price Target: $5.80

    • Retained at neutral at UBS; Price Target: $5.32

  • Select Harvests (SHV)

    • Retained at buy at Bell Potter; Price Target: $5.80 from $5.00

    • Retained at buy at Ord Minnett; Price Target: $5.85 from $4.95

    • Downgraded to neutral from buy at UBS; Price Target: $5.00 from $4.40

  • SRG Global (SRG)

    • Retained at buy at Argonaut Securities; Price Target: $1.540 from $1.430

    • Retained at buy at Bell Potter; Price Target: $1.650 from $1.550

    • Retained at accumulate at Ord Minnett; Price Target: $1.410 from $1.320

    • Retained at buy at Shaw and Partners; Price Target: $1.600 from $1.600

    • Retained at buy at Unified Capital Partners; Price Target: $1.780 from $1.670

  • Servcorp (SRV)

    • Retained at buy at UBS; Price Target: $5.50

  • Santos (STO)

    • Retained at buy at Citi; Price Target: $7.60

    • Downgraded to hold from add at Morgans; Price Target: $7.20 from $7.40

    • Retained at buy at UBS; Price Target: $8.10

  • The Lottery Corporation (TLC)

    • Retained at buy at Citi; Price Target: $5.60

  • Vicinity Centres (VCX)

    • Retained at neutral at Citi; Price Target: $2.20

    • Retained at neutral at UBS; Price Target: $2.24

  • Ventia Services Group (VNT)

    • Retained at outperform at RBC Capital Markets; Price Target: $4.75

  • Woodside Energy Group (WDS)

    • Retained at hold at Ord Minnett; Price Target: $25.50 from $26.00

Scans

Top Gainers

CodeCompanyLast% Chg
WC1 West Cobar Metals... $0.024 +50.00%
PNT Panther Metals Ltd $0.017 +41.67%
CSS Clean Seas Seafoo... $0.125 +35.87%
RGT Argent Biopharma Ltd $0.19 +35.71%
C1X Cosmos Exploratio... $0.115 +35.29%

View all top gainers

Top Fallers

CodeCompanyLast% Chg
STP Step One Clothing... $1.015 -28.77%
ANR Anatara Lifescien... $0.042 -23.64%
MIN Mineral Resources... $24.18 -20.72%
SCP Scalare Partners ... $0.155 -20.51%
AU1 The Agency Group ... $0.018 -18.18%

View all top fallers

52 Week Highs

CodeCompanyLast% Chg
C1X Cosmos Exploratio... $0.115 +35.29%
EPX Ep&T Global Ltd $0.033 +17.86%
WGR Western Gold Reso... $0.074 +15.63%
RXL ROX Resources Ltd $0.28 +14.29%
KAI Kairos Minerals Ltd $0.021 +10.53%

View all 52 week highs

52 Week Lows

CodeCompanyLast% Chg
STP Step One Clothing... $1.015 -28.77%
MIN Mineral Resources... $24.18 -20.72%
AU1 The Agency Group ... $0.018 -18.18%
EV1 Evolution Energy ... $0.014 -17.65%
SRJ SRJ Technologies ... $0.028 -15.15%

View all 52 week lows

Near Highs

CodeCompanyLast% Chg
PCI Perpetual Credit ... $1.18 -0.42%
WVOL Ishares MSCI Worl... $43.45 0.00%
IAGPF Insurance Austral... $104.14 +0.23%
CTD Corporate Travel ... $16.54 +10.27%
VVLU Vanguard Global V... $75.90 +0.52%

View all near highs

Relative Strength Index (RSI) Oversold

CodeCompanyLast% Chg
WDS Woodside Energy G... $23.03 -1.96%
VFY Vitrafy Life Scie... $1.40 -2.10%
AMP AMP Ltd $1.41 0.00%
NSC Naos Small Cap Op... $0.30 -4.76%
SUNDD Suncorp Group Ltd $19.18 +1.21%

View all RSI oversold