Evergreen Wealth Professionals in Gungahlin, Australian Capital Territory | Financial service

Evergreen Wealth Professionals

Locality: Gungahlin, Australian Capital Territory

Address: 46-50 Hibberson Street 2912 Gungahlin, ACT, Australia

Website: http://www.evergreenfs.com.au/

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25.01.2022 The Week that Was (as at 11 September 2017) The S&P/ASX 300 shed -0.5%, with a poor week for financials dragging down an otherwise reasonable return from the rest of the market. ANZ (ANZ) fell -1.9%, leading the other banks lower as Commonwealth Bank (CBA) lost -1.6% and Westpac (WBC) and National Australia Bank (NAB) shed -1.3% and -0.8% respectively. However it was the insurers and diversified financials who were hardest hit. Insurance Australia Group (IAG) (-4.7%), Suncorp...Continue reading

21.01.2022 The Week that Was (as at 28 August 2017) News flow from the busiest period of the reporting season drove the market’s movements last week. The S&P/ASX 300 index was essentially flat (-0.05%), however this masked significant divergence between those who disappointed the market and those who did not. Looking at the former, telecom company Vocus Communications (VOC) (-23.6%) was the worst performer in the index. It underlying profits for the year were up over 50%, slightly under...Continue reading

18.01.2022 The Week that Was (as at 14 August 2017) There was little in the way of thematic drivers behind last week’s -0.45% fall in the S&P/ASX 300. Miners rose in the first half the week, then fell away as sabre-rattling between the US and North Korea saw geopolitical tensions edge upwards. The exchange of threats also saw bonds rally and gold and defensive stocks outperform over the last few days. The USD also strengthened against the AUD, providing some respite for offshore earners...Continue reading

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14.01.2022 The Week that Was (as at 4 September 2017) The S&P/ASX 300 shed -0.3% last week, continuing what is now a three-month trend of chopping sideways. Resources did well; the S&P/ASX 300 Metals & Mining index gained +2.3% as key commodity prices continued to strengthen, with iron ore creeping up towards $80 and copper remaining strong. A-REITs also rose, up +1.1% (S&P/ASX 200 A-REIT) as bond yields remained flat. Sabre-rattling on the Korean peninsula saw gold strengthen and it ha...Continue reading

14.01.2022 The Week that Was (as at 9 October 2017) The S&P/ASX 100 gained +0.4% last week, helped primarily by strength in the miners (S&P/ASX 300 Metals & Mining +3.3%). Retail-related names declined over the week as the Australian Bureau of Statistics (ABS) announced that consumer spending had fallen -0.6% sequentially from July, which had itself seen a -0.2% fall. This shocked a market expecting a +0.3% gain and is the largest two-month slide since 2010. Mall-focused REITs such as S...Continue reading

13.01.2022 The Week that Was (as at 25 September 2017) The S&P/ASX 300 fell 0.7% for the week; a positive week from large cap financials was not enough to offset weakness in resources and bond-sensitives to hold the market above water. The US Federal Reserve laid out a plan for shrinking their balance sheet, suggesting that they would continue to do so regardless of the underlying economic data. This hawkish bent was offset to an extent by a flattening of expectations around the termin...Continue reading

13.01.2022 The Week that Was (as at 17 July 2017) The ASX/S&P 300 gained 1.1% in a week which remained reasonably quiet ahead of the reporting season. A healthy degree of divergence beneath the headline return continues to provide a fertile environment for active investment. Qantas (QAN) was among the weakest stocks, falling -5.7%. There was nothing on the newswires to prompt this divergence from its recent strength and there is a sense that there may be some profit taking given the st...Continue reading

11.01.2022 The Week that Was (as at 21 August 2017) The Australian equity market was up last week (S&P/ASX 300 +1.0%) with defensives generally having a better time of it than cyclicals (S&P/ASX 200 AREITs +2.3% vs S&P/ASX 300 Metals & Mining 0.0%). However it was the ongoing results season which primarily drove returns within the market. Looking first at the underperformers, Domino’s Pizza (DMP) (-12.4%) largely met the market’s expectation for FY17, but flagged that the outlook for FY...Continue reading

08.01.2022 The Week that Was (as at 31 July 2017) The S&P/ASX 300 gained 0.3% last week. There were strong gains among REITS (S&P/ASX 200 AREIT +1.1%), miners, and retailers, with softness only among the heavyweight banking sector holding the market back. The S&P/ASX 300 Metals % Mining index rose 2.5% as improved sentiment regarding Chinese demand saw major commodity prices post a strong week. The diversified majors BHP (BHP) and Rio Tinto (RIO) gained +3.4% and 2.6% respectively, whil...Continue reading

08.01.2022 The Week that Was (as at 9 August 2017) The S&P/ASX 300 round-tripped last week, gaining +1.2% by mid-week before falling to end up just +0.3%. Metals & Mining did well, up +1.9% as the iron ore price continued to recover from its lows of early June and is now back above US$70 a tonne. A-REITs too, outperformed, up +0.6% for the week. It was again banks which weighed on the broader market as the news broke that AUSTRAC, the Federal government’s financial intelligence agency, ...Continue reading

08.01.2022 The Week that Was (as at 24 July 2017) The S&P/ASX 300 slid -0.7% last week, with strength in the banks offsetting weakness from resources and currency-sensitives. Rate-sensitives such as REITs (S&P/ASX 200 A-REITs +0.9%) and infrastructure (Transurban (TCL) +0.5%) tended to outperform following a weak start to July. The long-awaited bank capital guidelines from the Australian Prudential Regulation Authority (APRA) hogged most of the headlines. There was a degree of trepidati...Continue reading

03.01.2022 The Week that Was (as at 18 September 2017) The S&P/ASX 300 gained +0.4% last week, snapping a streak of incremental weekly declines. Bond yields bounced back from their recent lows on a sense that rebuilding in the wake of hurricanes Harvey and Irma would provide a boost to US economic growth. There was also some chatter about President Trump’s potential ability to do a deal with Democrats in order to allow the passage of tax reform. At this point we are wary of reading too ...Continue reading