Europe trims weekly loss

ASX Futures up 20 points

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The S&P 500 climbed 0.2 percent to 2,047.63 at 4 p.m. in New York,

remaining in a range it’s held since the Federal Reserve’s last policy

meeting on March 16. The index rose as much as 0.9 percent Friday,

and closed down 1.2 percent in the week.

The Dow Jones Industrial Average advanced 0.2 percent to 17,577.23.

The Nasdaq Composite Index was little changed after erasing gains,

dragged lower by biotech shares. The group fell 1.1 percent for a

second day of losses following a 6 percent rally Wednesday.

Stocks have made little progress since snapping a five-week winning

streak last month that erased losses from the worst-ever start to a year.

Gold posted the first weekly gain since early March as global

economic-growth concerns boosted the metal’s appeal as a haven

asset.

Gold jumped 1.1 percent on Thursday after Federal Reserve minutes

indicated policy makers remained cautious about raising U.S. interest

rates.

U.S. Stocks Post Weekly Loss; Gold Advances

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 +0.28%

Dow Jones +0.20%

NASDAQ +0.05%

STOXX 600 +1.15%

FTSE100 +1.10%

DAX30 +0.96%

Crude Oil +6.60%

Gold +0.51%

The local share market has finished the week lower, after declining

substantially on Tuesday followed by weak trading activity during the

remainder of the week. The benchmark index ASX200 dropped 0.5%

on Friday to close at 4938 points.

Shares in gold mining and exploration companies performed strongly

on Friday after gold prices appreciated overnight. Evolution Mining

(EVN) surged 5.7%, Gold road Resources (GOR) gained 4.5% while

Resolute Mining (RSG) added 2.4%.

Economic Data Last Week:

The Chinese Manufacturing Index indicated an expansion in the

country’s economic activity to 50.2 points, against 49.3 points in

February. Any reading above 50 points indicates growth.

The unemployment rate in the US has increased from 4.9% to 5% in

March. The country’s Manufacturing activity has increased from 49.5 to

51.8 points.

The Reserve Bank of Australia has kept the interest rate unchanged at

2% as expected.

Local Share Market Extends Declines to Third Week

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.53%

ALLORDS -0.48%

CBA -0.32%

BHP -1.28%

WBC -1.18%

NAB -1.53%

SHL +0.88%

CGF +0.47%

FLN -0.74%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action last week

UPCOMING DIVIDENDS

Courtesy of http://www.morningstar.com.au/Stocks/UpcomingDividends

Tasty dividends & distributions

DATE CODE COMPANY ANNOUNCEMENTASX CODE COMPANY NAME EX DIVIDEND PAY DATE AMOUNT FRANKING %

CKL Colorpak 13 Apr 2016 21 Apr 2016 11.00 100.00

FGXFuture Generation Investment

Company13 Apr 2016 29 Apr 2016 2.00 100.00

WAA WAM Active 13 Apr 2016 29 Apr 2016 2.50 100.00

WAX WAM Research 13 Apr 2016 29 Apr 2016 4.25 100.00

WMK Watermark Market Neutral Fund 13 Apr 2016 29 Apr 2016 3.50 50.00

YTMQF1 -- 13 Apr 2016 02 May 2016 325.00 0.00

CBL CBL Corporation 14 Apr 2016 22 Apr 2016 4.04 0.00

CCV Cash Converters International 14 Apr 2016 29 Apr 2016 2.00 100.00

NHC New Hope 18 Apr 2016 03 May 2016 2.00 100.00

SNC Sandon Capital Investments 18 Apr 2016 26 Apr 2016 2.00 100.00

TPM TPG Telecom 18 Apr 2016 24 May 2016 7.00 100.00

NAC Naos Absolute Opportunities Co. 19 Apr 2016 12 May 2016 2.25 100.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

AJA.asx - steaming hot CVO.asx - cooling down

Shares in Astro Japan Property Group have

been travelling upwards since 2011. The

company recently announced robust results for

the first half of FY16, reporting an increase in its

Net Tangible Assets to $7.15 per share up from

$6.44 per share during the PCP. AJA also sold

a retail property in Japan for $12.9 million,

which is an 8.9% premium to the most recent

book value.

Shares in the travel insurance provider Cover-

More Group Limited have declined almost 30%

since the company released its half-yearly

results in February and are currently trading at

their all-time lows. The company stated that its

net profit after tax declined 31.1% to $8.2

million during the period. Earnings were

impacted by higher claim costs and other one-

off costs that were incurred.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

Australian home loans

data due at 11:30am

(AEST)

Chinese inflation data

expected to show a 2.5%

increase in the price of

goods and services.

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTEvolution Mining Announces Record Production

for March Quarter

Local gold miner Evolution Mining (ASX:EVN) announced to the

market that it achieved record gold production and net mine cash

flow during the March 2016 quarter.

The company produced 208,963 ounces at an All-in Sustaining

Cost (AISC) of A$1015 per ounce. Evolution also achieved record

operating mine cash flow of $154.9 million and net mine cash flow,

after all sustaining and major capital, of $105.8 million.

The company paid $80 million in early debt repayments during the

quarter and an interim dividend cash payment of $12.1 million.

Evolution Mining's cash balance as at 31 March 2016 was $35.3

million and total group debt has been lowered to $400 million. This

debt comprises of $130 million in the Senior Secured Syndicated

Revolver Facility and the remaining $270 million in the Senior

Secured Syndicated Term Facility.

Click Here to Read the Full Story

LATEST UPDATE FROM WISE-OWL

Platinum Asset Management Ltd

CODE COMPANY ANNOUNCEMENTUpdate: Platinum Asset Management Ltd (PTM) -

Sell

ASX:PTM

Platinum Asset Management Limited (PTM) offers diversified

exposure to international equities (with substantial interest in US

equities), however the fund manager has underperformed the

broader market since the beginning of the year. The weekly graph

(please refer to email) shows a technical break to the downside and

after the stock failed to recover, a continuation of the most recent

trend appears likely.

We recommend to sell and reduce exposure from PTM for the time

being in light of recent trading activity. Over the long-term PTM's

global investment funds have delivered mid-single digit returns and

we will keep an eye out for any share price weakness which may

potentially provide us with an opportunity to buy if we witness a

reversal of the medium-term downtrend. PTM traded ex-dividend

on 1 March 2016 distributing a full-franked dividend of 16c to its

shareholders. The payment date was 22 March 2016.

Recommendation to Sell | Last Price: $6.21

Click Here to View Full Report

OUR VIEWS AT A GLANCE

Find below a summary of Wise-owl’s current market views

CODE COMPANY ANNOUNCEMENT

The ASX 200 remains in a medium-term downtrend

We continue to focus on small-mid cap stocks

We remain cautious on the resource sector

We see value in European equities

There are individual opportunities on the ASX 200

We favour the risk/reward ratio for gold miners

A WISE-OWL PUBLICATION

Presented by Simon Herrmann

DATE CODE COMPANY ANNOUNCEMENT

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