ADVANCED SHARE REGISTRY A mixed market was seen on Wall St as surging treasury yields created tailwinds for bank and valued stocks, leaving tech shares behind. Investors are optimistic on the economic recovery while they watch the moves in Washington DC, as lawmakers are working to pass the legislation to fund the government by Thursday to avert a government shutdown. The tech-heavy Nasdaq and the S&P 500, which has a weight to tech shares fell, as bond bulls came out to play, impacting the richly valued tech names which have benefited many during the pandemic. Fed members Kaplan & Rosengren step down on trading scrutiny
In economic news, new U.S. orders for durable goods rose 1.8 per cent in August, above expectations, as business investment and consumer spending accelerated. Energy concerns on a colder winter in the northern hemisphere Now, global energy concerns could see demand for oil rise if Europe and the U.S. have a cold winter. If so, pressure will mount on OPEC+ to accelerate the pace of oil output, after their steep cut at the start of the pandemic, when travel came to a standstill.
Looking briefly at the Frankfurt, private equity firm EQT, now this name might sound familiar as they were the company that had their eyes to acquire wealth and platform provider IRESS (ASX:IRE) after raising their bid three times. Now, Zooplus on the Dax, an online pet retailer is next in line as EQT pivot from the finance space to the pet space, their shares leapt over 4 per cent on their $5.4 billion offer (€3.36b). Turning our attention to the oil players on the FSTE, they surged with Shell rocketing higher by 4.8 per cent while BP jumped 2.9 per cent. Their performance followed news that the government is to suspend competition laws to allow fuel companies to focus on deliveries following panic buying at British petrol stations. It followed days of long queues at the pumps after fears of disruption to the fuel supply.
Yesterday, the Australian sharemarket closed 0.6 per cent higher at 7,384 after a chirpy start to the week with energy and bank stocks leading the way. With only three trading days left in the month, the local bourse is on track to snap their 11-month winning streak. Now, anything can change between now and then, and if so, we would need to see some solid gains to make up over a 2 per cent loss. Across the sectors, there were four losers to seven winners. Starting with the best performers, energy again rose 1.8 per cent followed by financials, up 1.5 per cent and consumer discretionary. While healthcare fell 1 per cent, followed by technology, down 0.7 per cent, then utilities and consumer staples.
Australian oil and gas producer Beach Energy (ASX:BPT) has inked a five-year deal to supply liquefied natural gas (LNG) to BP Singapore. A move which is set to turn the energy producer into the nation's latest LNG exporter. BP Singapore has commited to buy all 3.75 million tonnes of Beach's expected LNG volumes from the project under a five year agreement. The $2.81 billion producer said that the first tranche is slated to be shipped in the second half of 2023 from its Waitsia onshore gas project in Western Australia. The announcement comes ahead of their investor day today and a month after their annual results. The Kerry Stokes-backed company slashed its production guidance following its steep downgrade of its Western Flank fields in the Cooper basin.
| Dow Jones | 34,869.37 | +71.37 | +0.21% |
|---|---|---|---|
| US S&P500 | 4,443.11 | -12.37 | -0.28% |
| US Nasdaq | 14,969.97 | -77.72 | -0.52% |
| UK FTSE 100 | 7,063.40 | +11.92 | +0.17% |
RECENT INDIAN OCEAN SECURITIES TRANSACTIONS
| Balkan Mining Minerals Limited (ASX:BMM) | Mining Exploration Sector | IPO at $0.20 | Price Change from IPO Investment: + $0.175 / 85.50% |
|---|---|---|---|
| Smart Auto Australia Limited (NSX:SAL) | Electric Commercial Vehicles Sector | IPO at $0.10 | Price Change from IPO Investment: + $0.10 / 100% |
| Azure Health Technology Limited (NSX:VTL) | Health Technology | IPO at $0.20 | Price Change from latest Investment entry: - 0.05 / 25% |
| Albion Resources Limited (ASX:ALB) | Diversified Metals & Mining | IPO at $0.20 | Price Change from latest Investment entry: - $0.015 / 7.5% |
| Sprintex Limited (ASX:SIX) | Auto Parts & Equipment | IPO at $0.086 | Price Change from latest Investment entry: - $0.013 / 15.12% |
| Jadar Resources Limited (ASX:JDR) | Diversified Metals & Mining | Private Placement at $0.03 | Price Change from latest Investment entry : - $0.007 / 23.33% |
| Krakatoa Resources Limited (ASX:KTA/KTAOC) | Gold Sector | Private Placement at $0.06 | Price Change from latest Investment entry : - $0.008 / 13.33% |
| PYX Resources Limited (NSX:PYX) | Diversified Metals & Mining | IPO at $0.40 | Price Change from latest Investment entry: + $0.76 / 190% |
| Cokal Limited (ASX:CKA) | Steel Sector | Funding at $0.04 | Price Change from latest Investment entry: + $0.036 / 90% |
| Cyclone Metals Limited (ASX:CLE) | Steel Sector | Placement: at $0.0017 | Price Change from latest Investment entry: + $0.0073 / 429.41% |
| Food Revolution Limited (ASX:FOD) | Packaged Foods & Meat | Placement at $0.035 | Price Change from latest Investment entry : - $0.0007 / 20% |
| Synertec Corporation Limited (ASX:SOP) | Technology Sector | Placement at $0.023 | Price Change from latest Investment entry: + $0.077 / 334.78% |
| Douugh Limited (ASX:DOU) | Wireless Telecommunications Services | Placement at $0.020 | Price Change from latest Investment entry: + $0.074 / 370% |
Disclaimer:
The information provided was based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither Advanced Share registry (ABN 14 127 175 946) nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The report has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial situation and needs and, if necessary, seek appropriate professional advice. This report does not purport to be a complete statement or summary.
Attachments
- Original document
- Permalink
Disclaimer
Advanced Share Registry Limited published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 07:11:03 UTC.
