Evening Wrap: ASX 200 storms to best monthly turnaround in 5 years and sixth best on record

The S&P/ASX 200 closed 55.6 points higher, up 0.69%.

There were plenty of things for Aussie investors to cheer today – and that’s possibly why logged such an emphatic fifth straight day of gains. Base metals and uranium prices were higher, new data showed the Australian inflation rate is lower, global stock indices are bouncing back, and there appears to be further loosening of the White House’s stance on tariffs plus inklings of trade deals on the way.

+= Ticks in the key boxes many investors required to put some cash back to work – and they did so today – scooping up key Technology (+1.6%), Real Estate (+1.5%), Healthcare (+1.3%), Consumer Discretionary (+1.3%), and Financials (+1.1%) stocks.

There were dark spots, however, as the sector that did the best during the downturn, continued to see capital flow away from it in this upturn – the Gold sub-index (-1.8%) dipped – dragging on the broader Resources (-0.4%) sector. Elsewhere, another sharp fall in crude oil prices and a pullback in key uranium stocks, made it tough going for the Energy (-0.5%) sector.

To make sense of all the above, I have detailed technical analysis on the Nasdaq Composite, S&P/ASX 200, and Crude Oil in today's ChartWatch.

Be sure to 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.

Let's dive in!

Today in Review

Wed 30 Apr 25, 4:57pm (AEST)

Name	Value	% Chg
Major Indices
ASX 200	8,126.2	+0.69%
All Ords	8,341.0	+0.64%
Small Ords	3,053.5	-0.03%
All Tech	3,539.5	+1.22%
Emerging Companies	2,222.6	-0.30%
Currency
AUD/USD	0.6417	+0.53%
US Futures
S&P 500	5,566.25	-0.31%
Dow Jones	40,612.0	-0.11%
Nasdaq	19,549.5	-0.47%

Name	Value	% Chg
Sector
Information Technology	2,404.0	+1.64%
Real Estate	3,689.8	+1.58%
Consumer Discretionary	3,997.1	+1.34%
Health Care	41,403.7	+1.34%
Financials	8,789.6	+1.10%
Industrials	7,938.0	+0.74%
Communication Services	1,729.1	+0.31%
Consumer Staples	12,258.4	-0.40%
Materials	16,086.2	-0.43%
Energy	7,327.0	-0.51%
Utilities	9,233.8	-1.48%

Markets

ASX 200 Session Chart

The S&P/ASX 200 (XJO) finished 55.6 points higher at 8,126.2, 0.71% from its session low and smack–bang on its session high. In the broader-based S&P/ASX 300 (XKO), advancers beat decliners by 156 to 116.

For the month of April, the XJO finished up 282.8 points or 3.6% higher, but also a staggering 13.35% from its intramonth low and smack-bang at its intramonth high.

That's the best intra-month turnaround since March 2020 (+15.32) and the sixth best on record for the S&P/ASX 200. That March 2020 rally, of course, was COVID-19 pandemic related.

Which leads me to ask: Correction – what correction? 🤷

One could argue stock market investors are fickle – that they hoover up shares as quickly as they dump them. Certainly, looking at the chart of the ASX 200 in ChartWatch below, you could be forgiven for jumping to such a conclusion.

It’s what technical analysts like me call a V-shaped recovery – basically, the rally is roughly as fast as the fall that preceded it.

In my experience, V-shaped recoveries are the ones most likely to succeed – to sooner rather than later convert into the next bull market trend. It’s the ones that don’t bounce very much, that bump and scrape along the bottom – that tend to give way to the dreaded “next leg down”.

So, if my experience is worth anything to you, then this rally is more likely to turn out to be one of the good ones than one of the bad ones. More likely, not for sure – I don’t deal in for sure (because alas, I cannot tell the future! 🔮).

If recent market gyrations appear fickle, this is only because share prices are a reflection of the risks upon which they are calculated. And let’s face it – many of the risks that triggered the recent correction were a bit fickle. Consider reasons for major market downturns over the last 20-years:

• COVID-19 global pandemic? Definitely NOT FICKLE.

• European countries paying bond yields of 40% and soon to default on their loan repayments? Let’s go another NOT FICKLE there.

• Lehman Bros. just went under and major banks around the world are teetering on the brink of worthlessness? Let’s go with a NOT FICKLE on that one also…

Now compare to the current:

• President Trump's tariff and broader trade agenda (plus attacks on the independence of the Fed?)…as well as subsequent about-faces on a whim.

What do you reckon, FICKLE or NOT FICKLE? Could any of 1, 2, or 3 be about-faced on a whim? 🤔

And that’s why you can’t begrudge the market for its recent fickleness! 😁

ChartWatch

NASDAQ Composite Index

Hey, why not #YOLO! 🚀 (

Super quick here because last night’s candle is nothing but 100% consistent with our prevailing analysis. The demand-side is in control of the short term price action = Buy the dip + At least a little bit of #FOMO (and perhaps even a smidge of #YOLO!).

The short term trend ribbon is doing its (new) job of acting as a zone of dynamic demand, and until it fails to do so / we see some nasty supply-side candles pop up (i.e., black-bodied and or upward pointing shadows), there’s no reason to doubt our previous analysis.

Assuming the status quo – the Comp likely has a date with the dynamic supply of the long term trend ribbon (kicking in around 17790.

In the mean time (or until abovementioned supply-side candles appear), there's no need to worry until there's need to worry! 🤞

S&P/ASX 200 (XJO)

Gotta trust my model 🧐 (click here for full size image)

I just told you not to worry! So why then do you still look so worried? Why the doubts, the trepidation, and the scepticism!? Look at how solid the above chart is!

You are looking at the face of short term consensus. Since 7169, the demand-side of the Australian stock market hasn’t wanted their cash (i.e., their safety), rather, they’ve reviewed the macroeconomic outlook and have been aggressively seeking stock (i.e., risk).

At the same time, the supply-side of the Australian stock market hasn’t wanted the demand-side’s cash (i.e., safety), not unless they’ve been compensated with higher prices to entice out their supply. They’ve been quite happy holding their stock (i.e. risk).

So,

• The demand-side doesn’t want: CASH

• The supply-side doesn’t want: CASH

And

• The demand-side does want: STOCK

• The supply-side does want: STOCK

That’s consensus. That’s exactly the environment that creates low volatility trends ✅.

Who are you to argue? Perhaps you need to get with the program*? 🤔

Volumes are tailing off a little, which suggests that the demand-side is finding fewer and few sellers around – even as prices rise. We’d often expect the opposite – higher prices stimulating greater supply.

So, until we see that increased supply (i.e. through greater volume) – and increased motivation from the supply-side (i.e., black-bodies and or upward pointing shadows) – there’s little to do but stay the course.

What’s the course, I hear you ask? Short term uptrend vs long term equilibrium = Cautiously Optimistic.

*Don’t worry, I get why you’re still nervous – I am too! But I’ve gotta trust my model – it has served me well through thick and thin. So, I will look to put some cash to work if I can find quality individual stock trends – but up to a still-conservative portfolio capital limit. That’s the way I’m looking at it – you of course – can and should do whatever you want!

Brent Crude Oil Futures (Front month, back-adjusted) ICE

Looks all but shot 👎 (click here for full size image)

The last time we covered Brent was in ChartWatch in the Evening Wrap on 6 March. It feels like a very, very long time ago!

In that update, we were tracking a short term downtrend but also noted – as we have done so many times before – ultimately Brent was merely oscillating within a very large trading range between 61.49-83.47 (values have changed due to contract rollovers – but relative to the last price are identical).

President Trump’s ensuing trade war put pay to the bottom of that range, if only briefly, as the price of Brent steadied back to as high as $67.71 after spiking down to $57.46 on 9-Apr. The long downward pointing shadow on the 9-Apr candle – the day the President did an about-face on his so called “reciprocal” tariffs – demonstrates the power of major points of demand.

There were two critical points of demand from 2023 respected in that move (57.77 and 57.42), which are the top of a broader demand zone between 55.66 (20-Mar 2023) – 31-May 2023 57.77.

The post-Presidential about-face rally only managed to knock the dynamic supply of the short term trend ribbon – and absolute thing of beauty – before now reverting to the broader developing long term downtrend with several clear supply-side candles.

That’s the history / update. Where too from here? The demand zone bounded below by 61.49 looks all but shot. There’s nothing in the trends, price action, nor candles to suggest that we can’t continue to probe back into the 57.46 low.

There’s likely little joy here for Brent bulls until at least another 9-Apr-style demand-side candle to punctuate a second and preferably higher point of demand to 57.46 and or the close back above the short term downtrend ribbon – but more likely 67.71 for good measure.

Economy

Today

• AUS Consumer Price Index (CPI) March Quarter

  • Headline: +0.9% q/q and +2.4% p.a. vs +0.8% q/q and +2.3% p.a. forecast and +0.2% q/q and +2.4% p.a. in December quarter

  • Trimmed Mean: +0.7% q/q and +2.9% p.a. vs +0.6% q/q and +2.8% p.a. forecast and +0.5% q/q and +3.3% p.a. in December quarter

  • Takeaways: Headline figure still showing impact of government electricity rebates, Trimmed Mean back into RBA target band of 2-3% for the fist time since early 2022. Slightly higher than expected, but not enough to prevent RBA from cutting again this year – possibly as soon as May 19-20 meeting, but more likely at July 7-8 meeting according to market pricing.

• CHN Manufacturing & Non-Manufacturing Purchasing Managers Index (PMI) April

  • Manufacturing: 49.0 vs 49.8 forecast and 50.5 in March

  • Non-Manufacturing: 50.4 vs 50.7 forecast and 51.2 in March

  • Takeaways: Readings above 50.0 indicate growth in the sector, so manufacturing contracted at a much faster rate than expected, while services grew at a slower rate than expected. Weaker data then indicated in April data dump, perhaps showing that some of the front running to beat tariff implementation / looming tariff impact now washing out of / through system.

Later this week

Wednesday

• 20:15 USA Advance GDP March y/y (+0.4% p.a. vs +2.4% p.a.)

• 22:00 USA Core Personal Consumption Expenditures (PCE) Price Index March (+0.1% m/m and +2.6% p.a. vs +0.4% m/m and +2.8% p.a. in February)

  • Personal Income m/m: +0.4% forecast vs +0.% in February

  • Personal Spending m/m: +0.6% forecast vs +0.4% in February

Thursday

• ALL DAY CHN May Day Bank Holiday

• TBA JPN Bank of Japan (BOJ) Policy Rate, Monetary Policy Statement, Outlook Report & Press Conference

• 22:00 USA ISM Manufacturing PMI April (48.0 forecast vs 49.0 in March)

Friday

• ALL DAY CHN May Day Bank Holiday

• 09:30 Retail Sales m/m March (+0.4% forecast and +0.2% in February)

• 20:30 Non-Farm Employment Data April

  • Employment Change m/m: +129,000 forecast vs +228,000 in March

  • Average Hourly Earnings m/m: +0.3% forecast vs +0.3% in March

  • Unemployment Rate: 4.2% forecast vs 4.2% in March

Saturday

• ALL DAY AUS Parliamentary Elections (forecast 🤔???)

Latest News

Dividends sgllv

ASX Dividend Stocks: The 5-8% yielder you've probably never heard of

Wed 30 Apr 25, 12:47pm (AEST)

Markets

ASX 200 hits two-month high, but UBS warns gains are 'vulnerable'

Wed 30 Apr 25, 11:03am (AEST)

Technical Analysis a1g abb

ChartWatch ASX Scans: Droneshield, WES, FWD, HLI, NCK, RNU, SLC, TNE uptrends vs CTT, LLC downtrends

Wed 30 Apr 25, 9:15am (AEST)

Market Wraps

Morning Wrap: ASX 200 to rise, S&P 500 logs sixth straight day of gains

Wed 30 Apr 25, 8:46am (AEST)

Market Wraps 29m aia

Evening Wrap: ASX 200 rally gathers pace on massive Mineral Resources rally, uranium stocks melt-up continues

Tue 29 Apr 25, 5:35pm (AEST)

Financial Services hmy

Undervalued? A $60 million market cap lender targets $10 million profit by FY26

Tue 29 Apr 25, 12:06pm (AEST)

More News

Interesting Movers

Trading higher

• +13.4% Koonenberry Gold (KNB) – Multiple zones of visible gold in sixth drill hole at Enmore, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +10.0% Silver Mines (SVL) – Quarterly Activities/Appendix 5B Cash Flow Report.

• +9.5% Tyro Payments (TYR) – No news, general strength across the broader Information Technology sector today.

• +8.9% Orthocell (OCC) – Remplir Approved to Commence Sales in US$75m Canadian Market, rise is consistent with prevailing long term uptrend 🔎📈

• +7.5% Findi (FND) – No news 🤔, general strength across the broader Information Technology sector today.

• +7.4% St Barbara (SBM) – Quarterly Report Q3 March FY25 and Pre-Feasibility Work confirms 200kozpa Simberi Expansion.

• +7.1% Ausquest (AQD) – MD Presentation at Critical Minerals Conference, rise is consistent with prevailing short and long term uptrends 🔎📈

• +7.1% Cedar Woods Properties (CWP) – FY25 Third Quarter UpdateN, general strength across the broader Real Estate sector today.

• +5.5% Develop Global (DVP) – Continued positive response to 28-Apr Quarterly Activities Report.

• +5.4% Pexa Group (PXA) – PEXA Receives FCA Approval for UK Sale & Purchase Product, general strength across the broader Information Technology sector today.

• +4.3% Autosports Group (ASG) – No news, general strength across the broader Consumer Discretionary sector today.

• +4.2% Southern Cross Electrical Engineering (SXE) – No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +3.9% Lendlease Group (LLC) – No news, general strength across the broader Real Estate sector today.

• +3.8% Bravura Solutions (BVS) – No news, bounced perfectly from long term uptrend ribbon! 🔎📈

• +3.4% Megaport (MP1) – No news, general strength across the broader Information Technology sector today, rise is consistent with prevailing short term uptrend and long term trend is transitioning from down to up, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

• +3.4% IGO (IGO) – 3Q25 Results Presentation.

• +3.4% Alpha HPA (A4N) – Quarterly Activities/Appendix 4C Cash Flow Report.

• +3.4% Kingsgate Consolidated (KCN) – March 2025 Quarterly Report.

• +3.3% Austal (ASB) – No news, rise is consistent with prevailing short and long term uptrends, a regular in ChartWatch ASX Scans Uptrends list 🔎📈

Trading lower

• -13.3% Coronado Global Resources (CRN) – Q1 2025 Quarterly Activities Report, fall is consistent with prevailing short and long term downtrends, one of the most Featured (highest conviction) stocks in ChartWatch ASX Scans Downtrends list 🔎📉

• -11.1% 29METALS (29M) – Q1 2025 Quarterly Activities Report, fall is consistent with prevailing short and long term downtrends, one of the most Featured (highest conviction) stocks in ChartWatch ASX Scans Downtrends list 🔎📉

• -9.6% Appen (APX) – Continued negative response to 29-Apr March 2025 Quarterly Report, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -9.4% Catalyst Metals (CYL) – Continued negative response to 29-Apr Quarterly activities report, downgraded to hold from buy at Bell Potter.

• -8.7% Aldoro Resources (ARN) – Quarterly Activities/Appendix 5B Cash Flow Report, Potential Tier 1 Strategic Metal Discovery At Kameelburg, Reinstatement to Quotation and Response to ASX Price Query, pulled back in the wake of recent sharp rally.

• -7.9% Liontown Resources (LTR) – No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -6.1% Ora Banda Mining (OBM) – March 2025 Quarterly Activities Report.

• -5.6% Novonix (NVX) – Quarterly Activities/Appendix 4C Cash Flow Report and NOVONIX Finalises PSA for Enterprise South Land, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -4.7% Alkane Resources (ALK) – No news 29-Apr March Quarterly Activities Report, pulled back in the wake of recent sharp rally.

• -4.4% Paladin Energy (PDN) – No news, general weakness across the broader Energy sector today, pulled back in the wake of recent sharp rally.

• -4.2% Nexgen Energy (NXG) – No news, general weakness across the broader Energy sector today.

• -3.7% Beach Energy (BPT) – No news since 29-Apr FY25 Third Quarter Activities Report, 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 🔎📉

• -3.5% Northern Star Resources (NST) – Continued negative response to 29-Apr March 2025 Quarterly Activities Report and Change in substantial holding (possibly increased short seller activity).

• -3.2% Lifestyle Communities (LIC) – No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

• -3.2% Cettire (CTT) – No news, fall is consistent with prevailing short and long term downtrends, a regular in ChartWatch ASX Scans Downtrends list 🔎📉

Broker Moves

• 29METALS (29M)

  • Retained at sell at Canaccord Genuity; Price Target: $0.120 from $0.130

  • Retained at outperform at Macquarie; Price Target: $0.300

  • Retained at equal-weight at Morgan Stanley; Price Target: $0.130

• AIC Mines (A1M)

  • Retained at buy at Shaw and Partners; Price Target: $1.100 from $1.000

  • Retained at buy at Ord Minnett; Price Target: $0.620 from $0.640

• Aeris Resources (AIS)

  • Retained at buy at Bell Potter; Price Target: $0.350 from $0.330

• Amcor (AMC)

  • Retained at overweight at Morgan Stanley; Price Target: $20.31 from $16.00

• AMP (AMP)

  • Retained at overweight at Morgan Stanley; Price Target: $1.620 from $1.760

• ANZ Group (ANZ)

  • Retained at neutral at Macquarie; Price Target: $28.00

  • Retained at neutral at UBS; Price Target: $31.00

• Arena Reit. (ARF)

  • Retained at neutral at UBS; Price Target: $4.10

• Aroa Biosurgery (ARX)

  • Retained at buy at Bell Potter; Price Target: $0.850 from $0.900

• Beforepay Group (B4P)

  • Retained at buy at Shaw and Partners; Price Target: $2.15

• BCI Minerals (BCI)

  • Retained at buy at Canaccord Genuity; Price Target: $0.490

• Bendigo and Adelaide Bank (BEN)

  • Retained at neutral at UBS; Price Target: $11.00

• Bellevue Gold (BGL)

  • Retained at buy at Argonaut Securities; Price Target: $1.500

  • Retained at buy at Goldman Sachs; Price Target: $1.150 from $1.250

  • Retained at underweight at Jarden; Price Target: $0.770 from $0.710

  • Retained at outperform at Macquarie; Price Target: $1.200

• Boss Energy (BOE)

  • Retained at buy at Argonaut Securities; Price Target: $3.60 from $3.15

  • Retained at buy at Bell Potter; Price Target: $4.65

  • Retained at buy at Canaccord Genuity; Price Target: $5.15 from $5.35

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

  • Retained at buy at Jefferies; Price Target: $3.70 from $3.20

  • Retained at outperform at Macquarie; Price Target: $4.60

  • Retained at buy at Ord Minnett; Price Target: $4.50

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

  • Retained at buy at Shaw and Partners; Price Target: $3.26

  • Retained at neutral at UBS; Price Target: $3.30 from $3.10

• Bank of Queensland (BOQ)

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

• Beach Energy (BPT)

  • Retained at hold at Bell Potter; Price Target: $1.350

  • Upgraded to hold from sell at Canaccord Genuity; Price Target: $1.300 from $1.280

  • Retained at sell at Citi; Price Target: $1.220

  • Retained at neutral at JP Morgan; Price Target: $1.450 from $1.550

  • Retained at neutral at Macquarie; Price Target: $1.250 from $1.400

  • Retained at sector perform at RBC Capital Markets; Price Target: $1.300 from $1.350

  • Retained at buy at UBS; Price Target: $1.400 from $1.550

• BWP Trust (BWP)

  • Retained at buy at UBS; Price Target: $4.05

• Commonwealth Bank of Australia (CBA)

  • Retained at underperform at Macquarie; Price Target: $105.00

  • Retained at sell at UBS; Price Target: $115.00

• Challenger (CGF)

  • Retained at equal-weight at Morgan Stanley; Price Target: $6.45 from $5.95

• Charter Hall Group (CHC)

  • Retained at sell at UBS; Price Target: $15.49

• Centuria Industrial Reit (CIP)

  • Retained at buy at UBS; Price Target: $3.82

• Charter Hall Long Wale Reit (CLW)

  • Retained at neutral at UBS; Price Target: $4.18

• Centuria Capital Group (CNI)

  • Retained at sell at UBS; Price Target: $1.740

• Centuria Office Reit (COF)

  • Retained at sell at UBS; Price Target: $1.140

• Computershare (CPU)

  • Downgraded to underperform from buy at Bank of America; Price Target: $36.00 from $39.50

• Charter Hall Retail Reit (CQR)

  • Retained at buy at UBS; Price Target: $3.69

• Catalyst Metals (CYL)

  • Downgraded to hold from buy at Bell Potter; Price Target: $6.30 from $5.50

  • Retained at hold at Canaccord Genuity; Price Target: $6.20 from $6.10

  • Retained at add at Morgans; Price Target: $7.15 from $5.69

• Domino's Pizza Enterprises (DMP)

  • Retained at neutral at Citi; Price Target: $31.82

  • Retained at neutral at UBS; Price Target: $31.00

• Dexus (DXS)

  • Retained at buy at UBS; Price Target: $9.02

• Emerald Resources (EMR)

  • Retained at buy at Argonaut Securities; Price Target: $6.70 from $6.40

  • Retained at buy at Canaccord Genuity; Price Target: $5.95

  • Retained at buy at Euroz Hartleys; Price Target: $5.40

  • Retained at buy at SCP Equity Research; Price Target: $5.40 from $5.20

• Electro Optic Systems (EOS)

  • Retained at buy at Bell Potter; Price Target: $2.15

• Fineos Corporation (FCL)

  • Retained at outperform at Macquarie; Price Target: $2.45

• Fortescue (FMG)

  • Upgraded to buy from neutral at Citi; Price Target: $17.50

  • Retained at hold at CLSA; Price Target: $16.00 from $15.75

  • Retained at neutral at Jarden; Price Target: $16.49 from $16.91

  • Retained at hold at Jefferies; Price Target: $17.00

  • Retained at outperform at RBC Capital Markets; Price Target: $20.00 from $19.00

  • Retained at neutral at UBS; Price Target: $15.30

• Generation Development Group (GDG)

  • Retained at add at Morgans; Price Target: $5.25 from $5.59

• G8 Education (GEM)

  • Retained at outperform at Macquarie; Price Target: $1.530 from $1.600

• Goodman Group (GMG)

  • Retained at neutral at UBS; Price Target: $36.80

• GPT Group (GPT)

  • Retained at neutral at UBS; Price Target: $5.29

• Homeco Daily Needs Reit (HDN)

  • Retained at buy at UBS; Price Target: $1.350

• Hillgrove Resources (HGO)

  • Retained at buy at Canaccord Genuity; Price Target: $0.080

• HMC Capital (HMC)

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

• Insignia Financial (IFL)

  • Retained at equal-weight at Morgan Stanley; Price Target: $4.21 from $4.60

• Ingenia Communities Group (INA)

  • Retained at neutral at UBS; Price Target: $6.30

• Judo Capital (JDO)

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

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

• Lifestyle Communities (LIC)

  • Retained at buy at UBS; Price Target: $10.20

• Lendlease Group (LLC)

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

• Lynas Rare Earths (LYC)

  • Retained at underweight at Morgan Stanley; Price Target: $7.10 from $7.00

• Mirvac Group (MGR)

  • Retained at neutral at UBS; Price Target: $2.28

• Mineral Resources (MIN)

  • Retained at buy at Bell Potter; Price Target: $29.50 from $29.00

  • Retained at neutral at Citi; Price Target: $20.00

  • Retained at buy at E&P; Price Target: $34.00

  • Downgraded to sell from underweight at Jarden; Price Target: $15.50 from $16.20

  • Upgraded to buy from hold at Jefferies; Price Target: $25.00 from $21.00

  • Retained at neutral at JP Morgan; Price Target: $22.00 from $27.00

  • Retained at outperform at Macquarie; Price Target: $35.00

  • Retained at overweight at Morgan Stanley; Price Target: $35.00

  • Upgraded to add from hold at Morgans; Price Target: $23.00 from $18.00

  • Retained at buy at UBS; Price Target: $26.10 from $25.70

• Macquarie Group (MQG)

  • Retained at neutral at UBS; Price Target: $235.00

• Medical Developments International (MVP)

  • Upgraded at buy at Bell Potter; Price Target: $0.800 from $0.710

• National Australia Bank (NAB)

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

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

• NIB (NHF)

  • Retained at underperform at Macquarie; Price Target: $5.55

• Nickel Industries (NIC)

  • Retained at hold at Canaccord Genuity; Price Target: $0.550

  • Retained at outperform at Macquarie; Price Target: $0.870 from $0.850

  • Retained at equal-weight at Morgan Stanley; Price Target: $0.550

  • Retained at buy at UBS; Price Target: $0.900

• National Storage Reit (NSR)

  • Retained at buy at UBS; Price Target: $2.49

• Northern Star Resources (NST)

  • Retained at buy at Argonaut Securities; Price Target: $25.00

  • Retained at buy at Canaccord Genuity; Price Target: $26.80 from $27.75

  • Retained at outperform at CLSA; Price Target: $25.20 from $25.90

  • Retained at buy at Goldman Sachs; Price Target: $22.33 from $23.57

  • Retained at outperform at Macquarie; Price Target: $26.00 from $27.00

  • Retained at add at Morgans; Price Target: $25.32 from $21.57

  • Retained at buy at UBS; Price Target: $25.80

• Nufarm (NUF)

  • Retained at sell at Citi; Price Target: $3.75

• OOH!Media (OML)

  • Retained at outperform at Macquarie; Price Target: $2.00 from $1.750

• Paladin Energy (PDN)

  • Retained at buy at Ord Minnett; Price Target: $9.50

• Perenti (PRN)

  • Downgraded to hold from buy at Jefferies; Price Target: $1.400

• PYC Therapeutics (PYC)

  • Retained at buy at Bell Potter; Price Target: $2.30 from $2.70

• RAM Essential Services Property Fund (REP)

  • Retained at buy at UBS; Price Target: $0.750

• Rural Funds Group (RFF)

  • Retained at neutral at UBS; Price Target: $1.840

• Region Group (RGN)

  • Retained at neutral at UBS; Price Target: $2.30

• Ramelius Resources (RMS)

  • Retained at buy at Canaccord Genuity; Price Target: $3.55

  • Retained at outperform at Macquarie; Price Target: $2.60

  • Upgraded to buy from accumulate at Ord Minnett; Price Target: $3.05 from $2.80

  • Retained at buy at Shaw and Partners; Price Target: $3.14

• Scentre Group (SCG)

  • Retained at neutral at UBS; Price Target: $3.74

• Sandfire Resources (SFR)

  • Retained at buy at Argonaut Securities; Price Target: $12.70

  • Retained at buy at Canaccord Genuity; Price Target: $10.75 from $10.50

  • Retained at neutral at Citi; Price Target: $10.50

  • Downgraded to neutral from buy at Goldman Sachs; Price Target: $9.60 from $10.20

  • Retained at buy at Jarden; Price Target: $10.90 from $11.20

  • Downgraded to hold from buy at Jefferies; Price Target: $10.75 from $10.50

  • Retained at neutral at JP Morgan; Price Target: $11.00 from $10.80

  • Downgraded to neutral from outperform at Macquarie; Price Target: $10.90 from $10.80

  • Retained at underweight at Morgan Stanley; Price Target: $6.95

  • Upgraded to add from hold at Morgans; Price Target: $11.60 from $11.80

  • Retained at buy at UBS; Price Target: $13.15

• Stockland (SGP)

  • Retained at neutral at UBS; Price Target: $5.37

• Stanmore Resources (SMR)

  • Retained at buy at Citi; Price Target: $3.10

  • Retained at buy at Ord Minnett; Price Target: $2.40 from $2.20

• Syrah Resources (SYR)

  • Retained at neutral at UBS; Price Target: $0.300

• Treasury Wine Estates (TWE)

  • Retained at neutral at Citi; Price Target: $10.50

  • Retained at buy at UBS; Price Target: $14.00

• Unibail-Rodamco-Westfield (URW)

  • Retained at neutral at UBS; Price Target: $7.12

• Vault Minerals (VAU)

  • Retained at buy at Argonaut Securities; Price Target: $0.800

  • Retained at buy at Canaccord Genuity; Price Target: $0.680 from $0.670

  • Retained at buy at Jarden; Price Target: $0.570 from $0.580

  • Retained at outperform at Macquarie; Price Target: $0.600

  • Retained at buy at Ord Minnett; Price Target: $0.600

  • Retained at sector perform at RBC Capital Markets; Price Target: $0.550 from $0.500

• Vicinity Centres (VCX)

  • Retained at neutral at UBS; Price Target: $2.27

• Vitrafy Life Sciences (VFY)

  • Retained at buy at Bell Potter; Price Target: $2.00 from $1.990

• Westpac Banking Corporation (WBC)

  • Retained at underperform at Macquarie; Price Target: $28.00

  • Retained at buy at UBS; Price Target: $38.00

• Whitehaven Coal (WHC)

  • Retained at buy at Argonaut Securities; Price Target: $9.50

  • Retained at buy at Bell Potter; Price Target: $7.40 from $7.70

  • Retained at buy at Citi; Price Target: $7.40

  • Retained at neutral at Goldman Sachs; Price Target: $5.70

  • Retained at buy at Jefferies; Price Target: $6.00

  • Retained at neutral at Macquarie; Price Target: $5.50

  • Retained at overweight at Morgan Stanley; Price Target: $6.20

  • Retained at buy at Ord Minnett; Price Target: $7.70 from $7.80

  • Retained at neutral at UBS; Price Target: $5.15

Scans

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Relative Strength Index (RSI) Oversold

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