ASX adds 0.30% in anticipation of tonights budget report

Australia’s S&P/ASX 200 share index had a relatively slow day today as investors await the announcement of the budget, creeping up 0.30% to 5962.10 points. It was also released that the RBA will keep rates on hold at 0.25% which played a part in today’s price action.

Afterpay (APT) performed strongly after quite a while of sideways movement, up nearly 5% for the day. The banks continued their winning streak with them all ending in the green.

Gainers and Losers

Biggest gainers today

  • Northern Star +10.6 per cent to $15.29
  • Saracen Minerals +9.6 per cent to $5.72
  • Westgold Resources +7.1 per cent to $2.57
  • Eagers Automotive +7 per cent to $10.59
  • Silver Lake +6.1 per cent to $2.44

Biggest declines

  • Nanosonics -4.7 per cent to $5.48
  • Mesoblast -4.2 per cent to $3.41
  • ALS Ltd -3.5 per cent to $9.30
  • Clinuvel Pharma -3.2 per cent to $23.81
  • Mirvac Group -2.6 per cent to $2.26

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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.