Australia…One Hour In…ASX down 13 points

By Scott Phillips | More Articles by Scott Phillips

ASX200 down 13 points (0.2%) to 6746.

Not much today………


  • Gold ; fell away on Friday night    EVN -4.9%  GOR -4%  NST -4.1%  NCM -3.9%  RMS -3.8%  SLR -4.6%
  • Magellan (+2.4%);  December inflows $579m.     Total FUM now $101.37bn.
  • QBE (+0.6%); has increased its net catastrophe allowance to allow for a continued heightened frequency in claims under its finalized 2021 reinsurance program.
  • Splitit (+5%); partners with Google so its service will launch on Google Store in Japan.

About Scott Phillips

Scott has over 35 years experience in Australian equities, starting as a “chalkie” and trader on the Stock Exchange Trading Floor and spending the last 25 years advising and trading for International Institutions. He has been an Executive Director at JPMorgan and Nomura, a Governor of the Australian Stock Exchange and was recently awarded a Lifetime Achievment award by the Australian Stockbrokers Association.

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