Five Things to Note at the ASX200 on Friday, November 26, 2021

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Thursday, S & P / ASX200 Index (ASX: XJO) I fought very hard to record a small profit. The Benchmark Index rose 0.1% to 7,407.3 points.

Can the market build on this on Friday? Here are five things to keep in mind:

ASX200 is expected to have lower edges

The Australian stock market is set to end the week in a calm manner. According to the latest SPI futures, the ASX 200 is expected to open a day 7 points or 0.1% lower. This followed a moderately good trading night on Wall Street, with the Dow Jones down slightly, but the S & P 500 up 0.2% and the Nasdaq up 0.45%.

NAB was evaluated as a buy

NS National Australia Bank Ltd (ASX: NAB) Stock prices can be good, according to Bellpotter analysts. According to the note, the broker maintains a bank stock purchase rating and a price target of $ 32.00. This follows the news that ACCC has put a green light on NAB’s acquisition of Citi’s Australian consumer business.

Oil prices soften

Energy producers including Santos Co., Ltd. (ASX: STO) When Woodside Petroleum Limited (ASX: WPL) After the oil price softens, we can end the week in the red. According to Bloomberg, WTI crude oil prices fell 0.45% to $ 78.03 a barrel and Brent crude oil prices were flat at $ 82.25 a barrel. Oil prices have fallen as traders wait to see how OPEC responds to US-led oil reserves releases.

Annual meeting

The annual meeting season continues on Friday, with many companies hosting events.These include copper producers Sandfire Resources Ltd (ASX: SFR), Telco Unity Group Co., Ltd. (ASX: UWL), And the gold miner Westgold Resources Ltd (ASX: WGX).. These companies can provide investors with the latest information on transactions at each event.

Gold price rises

Gold miner New Crest Mining Co., Ltd. (ASX: NCM) When St. Barbara Co., Ltd. (ASX: SBM) It can be a decent finish until the week after the gold price rises. According to CNBC Spot gold price It’s up 0.25% to 1 ounce US $ 1,788.3. After the depreciation of the US dollar, gold prices rose.

Five Things to Note at the ASX200 on Friday, November 26, 2021

Source link Five Things to Note at the ASX200 on Friday, November 26, 2021

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