ASX 200 logs another solid gain on takeover rumours in health and industrials, gold stocks slump again
Not one, but two potential major takeover rumours did the rounds today as Aussie stocks bounced back, well except for gold stocks, that is.
%20Intraday%20Chart%2023%20Apr%202024.png)
The Australian stock market logged its second consecutive gain as markets globally ratcheted back some of the negativity baked in last week due to Middle East tensions and interest rate, well...um, tensions!
Not one, but two potential major takeover rumours did the rounds today, with Wesfarmers (WES) potentially aiming at Ramsay Health Care (RHC), and Seven Group Holdings (SVW) potentially aiming at Cleanaway Waste Management (CWY).
Gold stocks tanked. It was brutal. Gold prices have pulled back, but the technicals suggest something far more sinister may be going on. As usual we've got all the info you need on everything that happened in today's trade, so...
Let's dive in!
>>Access today's full Evening Wrap from Market Index<<
Please note that as of Monday 6th May, 2024, we will no longer be posting the Evening Wrap onto the Livewire Markets website. If you would like to continue reading the Evening Wrap, we would encourage you to view this on Market Index and signup to the free daily email so you can receive it straight to your inbox.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
........
Investing is risky. Inevitably you will endure losses. If you can't cope with losing, don't invest.
5 topics
12 stocks mentioned
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
The 7 zombie companies lurking on the ASX 300
Livewire Markets
Education
Warren Buffett’s 25 biggest mistakes – and 4 lessons they teach
Leithner & Company Ltd