Friday 27th March – ASX 200 drops 9pts – Up 1% for the week – US futures positive on Trump delay.

27 Friday Mar 2026

Posted by in Daily Reports

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The ASX 200 fell only 9 points to 8516 (-0.1%) with a gain this week of 1%. Trump extended the deadline for hitting Iranian energy assets by ten days, helping US futures turn positive. A mixed picture today, the Big Bank Basket $292.85 (%). Other financials slid, MQG off 2.2% and HUB down 2.7% with SOL doing well up 5.0%. REITS down again as bond yields rose, GMG down 1.3% and SCG off 0.3%. Industrials too were weaker, ALL down 1.4% with QAN off 0.7% and REA and CAR both easing. Tech stocks steadied with XRO gaining 0.6% and the All-Tech Index down 1.5%. Retail was mixed, with healthcare down, CSL falling 0.8% and RMD off another 0.5%.

In resources, firm in places, BHP flat, RIO up 1.5% and FMG doing well on higher iron ore prices. Gold miners slipped slightly, NST down 1.1% and EVN off 1.4%. Lithium stocks better, PLS up 3.6% and MIN up 2.4%. Oil and gas stocks better, STO up 1.3% and coal stocks doping ok. YAL up 3.6% and uranium stocks down a tad.

In corporate news, BSL is stepping up efforts to extract value from its land portfolio. SLX announced a $143m incentive package in the US. KMD in a trading halt pending an equity raise and debt refinancing.

On the economic front, nothing locally. Chinese Industrial profits jumped 15.2%.

Asian markets steadied, Japan up 0.1%, HK up 0.8% and China up 0.9%.

10-year yields 5.10%.

US Futures better, Nasdaq up 109, S&P 500 up 37.

HIGHLIGHTS

  • Winners: CXO, TWE, RDX, TLX, EIQ, SOL, EQR
  • Losers: WBT, DRO, EOS, DTR, NXT, AIS, CAT
  • Positive Sectors: Lithium. Oil and gas. Coal. Agriculture.
  • Negative Sectors: Gold miners. Retail. Healthcare. REITs. Tech.
  • ASX 200 Hi 8515 Lo 8456. Market up 1.0% this week.
  • Big Bank Basket: Steady at $292.85
  • All-Tech Index: Down 1.5%
  • Gold: Rises to $6431
  • Bitcoin: Steady at $68548
  • 10-year yields: Steady at 5.10%
  • AUD: Falls to 69.08c

MARKET MOVERS

  • CXO +9.3% lithium doing ok.
  • WHC +4.9% coal stocks better.
  • TWE +7.4% M&A boost overseas..
  • ATX +6.5% good kick. In the Biotech basket.
  • FRS +11.6% Polaris appointed to deliver Lake Johnston.
  • WBT -15.9% capital raise.
  • DRO -13.4% EOS -10.5% give peace a chance?
  • DTR -10.8% profit taking.
  • NXT -7.9% broker downgrade.
  • IPO of the day: VAL +20.0% not a bad first day.
  • Speculative Stock of the Day: Nothing on any volume.

ECONOMIC AND OTHER NEWS

  • Australia’s corporate regulator is boosting supervision of the private credit industry by requesting more detailed data from funds on a weekly basis.
  • Commonwealth Bank head of Australian has upgraded inflation forecasts and downgraded growth following the Middle East conflict and the resulting energy shock. Headline inflation is projected at 5.4% in Q2 2026, up 1.4% from previous forecasts, with trimmed mean inflation at 3.8%.
  • The Australian dollar is hovering near two-month lows below US69¢ as concerns that the oil crisis is far from over.
  • Chinese Industrial profits jumped 15.2% from a year earlier in the January-February period. Raw material producers, including non-ferrous metals and chemical producers, also reported strong profit growth, with profits rising 148.2% and 35.9%, respectively.
  • Trump said he would extend a pause in attacking Iran’s energy facilities by 10 days, to April 6, at the request of the government of the Islamic Republic.
  • Pernod Ricard and Jack Daniel’s owner in talks to combine operations.
  • Trump says he will sign order to pay airport security officers.

And finally….

I bought a “smart” light switch, but I couldn’t figure out how to use it. I had to exchange it for a dimmer one.

I think it is wrong that only one company makes Monopoly.

Clarence

XXXX

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