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Weekly Wrap 8 May

Bell Direct
May 8, 2020

The Aussie share market sees its best weekly gain in five weeks, with the ASX200 gaining 2.3%, the All Ordinaries rising 2.4%, and the Small Ordinaries soaring 3.2% (Monday to Thursday). With the curve flattening, people are taking to the road, steadily increasing both oil demand and the oil price.

In this week’s wrap, Jessica covers:

  • I.T leads the charge, up 10% in this week’s sectors report (0:22)
  • With a 35% rise, Afterpay (ASX:APT) leads the way, while NRW Holdings (ASX:NWH) heads in a different direction… down 8% (1:03)
  • Afterpay & Tencent’s future partnership? (1:32)
  • What’s ahead? CBA results, March home loans and unemployment data (2:30)
  • What does Virgin Money (ASX:VUK) Macquarie (MQG) and IPH (ASX:IPH) have in common? – They’re all featured Buy stocks by Bell Potter (3:47)

As a reminder, during this unique and uncertain time, Bell Potter research is now available to all Bell Direct clients. You can access the Bell Potter research bank here.

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