Stoxx 600 drops 1.7%

ECB boosts QE and lowers rates

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U.S. stocks closed little changed after swinging between gains and

losses, as investors assessed fresh stimulus measures unleashed by

the European Central Bank.

Equities stormed back in a final-hour rebound to briefly erase declines

in major indexes that had reached more than 1 percent. The S&P 500

Index rose less than 0.1 percent to 1,989.5 at 4 p.m. in New York, after

dropping 1 percent.

European stocks, which surged after the European Central Bank

unveiled its stimulus package, reversed gains after President Mario

Draghi said he doesn’t anticipate further rate cuts.

The Stoxx Europe 600 Index lost 1.7 percent at the close of trading,

the biggest drop in two weeks. The benchmark earlier jumped as much

as 2.5 percent after the ECB lowered its three main interest rates,

increased bond purchases by a third and made corporate debt eligible.

Shares then headed lower after Draghi’s comments stoked concern

that the central bank has limited monetary-policy tools in the future.

US and European Equities Volatile after ECB Meeting

YESTERDAY IN THE INTERNATIONAL MARKETS Global Ticker Daily Change

S&P500 +0.02%

Dow Jones -0.03%

NASDAQ -0.26%

STOXX 600 -1.66%

FTSE100 -1.78%

DAX30 -2.31%

Crude Oil -1.18%

Gold +1.22%

The benchmark index ASX 200 swung between gains and losses in

yesterday’s session before closing 0.1% lower at 5150 points.

The sectors had a mixed performance as Discretionary and Energy

closed 0.7% and 0.6% higher while Healthcare stocks declined 1.5%

as a group.

CSL Limited (CSL) dropped 0.9%, Ramsay Healthcare (RHC) shed

2.6% and Sonic Healthcare (SHL) closed 0.9% lower.

The Financials sector closed little changed while all big four banks

gained with National Australia Bank (NAB) adding 0.5% while Westpac

Banking Group (WBC) gained 0.3%. However most of the other

financial stocks such as Bendigo and Adelaide (BEN), Bank of

Queensland (BOQ) and CYBG Plc (CYB) declined yesterday.

Chinese Inflation data showed that its Consumer Price Index rose

2.3% year-on-year in February, against a 1.8% rise in the previous

month.

The Reserve Bank of New Zealand slashed the interest rates by

0.25% to a record low of 2.25%.

ASX Closes Marginally Lower; Sectors were a Mixed Bag

THE ASX YESTERDAY IN REVIEW AUS Ticker Change

ASX200 -0.14%

ALLORDS -0.09%

CBA +0.37%

BHP -0.73%

WBC +0.28%

NAB +0.51%

WOW -1.37%

CGF +1.56%

IAG +0.18%

DAILY PRICE ACTIVITY AUSTRALIA

ASX200 price action yesterday

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 %

NABPC -- 14 Mar 2016 23 Mar 2016 102.39 100.00

ADH Adairs 15 Mar 2016 06 Apr 2016 5.00 100.00

ALU Altium 15 Mar 2016 06 Apr 2016 10.00 0.00

ANZPE -- 15 Mar 2016 24 Mar 2016 192.50 100.00

ANZPF -- 15 Mar 2016 24 Mar 2016 204.71 100.00

APD APN Property 15 Mar 2016 12 Apr 2016 1.25 100.00

BWF Blackwall Property Funds 15 Mar 2016 06 Apr 2016 1.70 100.00

BWR Blackwall Property Trust 15 Mar 2016 06 Apr 2016 6.00 0.00

CIM CIMIC Group 15 Mar 2016 08 Apr 2016 50.00 100.00

DWS DWS 15 Mar 2016 04 Apr 2016 4.75 100.00

EPX Ethane Pipeline 15 Mar 2016 15 Apr 2016 3.25 77.09

MBLPA -- 15 Mar 2016 24 Mar 2016 236.88 40.00

WHATS HOT?

DATE CODE COMPANY ANNOUNCEMENT

WHATS NOT?

SGR.asx - steaming hot HIL.asx - cooling down

Shares of The Star Entertainment Group

reached a new high yesterday to close at $5.40.

The casino operator recently announced

positive results with normalised NPAT up 26%

for the six months to December 2015 . The

normalised gross revenue grew 6.7% compared

to pcp.

The share price of the electronics manufacturer

Hills Limited slumped over 42% year-to-date.

The company recently released a gloomy

financial result for the first half of FY16, with a

net loss of $68.9 million due to a 28% fall in

revenue. The company booked more than $90

million in write-downs during the period.

ECONOMIC NEWS

What to look out for:

DATE CODE COMPANY ANNOUNCEMENT

No economic news for

Australia

UK trade balance data to

be released at 8:30 PM

(AEDT)

NEWSWORTHY

This caught our attention..

DATE CODE COMPANY ANNOUNCEMENTACCC Approves for Coles to Acquire Five

Supabarn Supermarkets

Owner of the supermarket giant Coles, Wesfarmers (ASX:WES)

announced that The Australian Competition and Consumer

Commission (ACCC) has approved for its restructured proposal to

acquire five Supabarn supermarkets in the NSW and ACT regions.

Supabarn is a privately owned supermarket operator with nine

stores operating in the ACT and NSW and two development sites.

Apart from Coles and Woolworths, Supabarn is the only operator

providing ‘full-line’ supermarkets that include a liquor section in the

ACT region.

Coles had originally proposed to acquire all nine supermarkets

from Supabrarn. The competition watchdog had raised concerns

over the proposal in September 2015, stating that the acquisition

would most likely not result in a ‘healthy competitive’ environment.

Read the full story here: https://www.wise-owl.com/news/accc-

approves-for-coles-to-acquire-five-supabarn-supermarkets

LATEST UPDATE FROM WISE-OWL

Mint Payments Ltd (MNW)

CODE COMPANY ANNOUNCEMENTGrowth Portfolio: Mint Payments Ltd (MNW) -

Spec Buy

ASX:MNW

Mint Payments Limited (“Mint”, the Company”), is an Australian

technology company focused on payment solutions, transaction

processing and ecommerce. Mint’s payment technology allows

enterprises to accept credit card and debit card payments on most

devices. The Company has offices and operations in Australia,

Singapore and New Zealand. Founded in 2007, Mint listed on the

Australian Securities Exchange (“ASX”) in 2009.

Mint is recording strong user growth on its platform and total

transaction values have increased 243% year-on-year largely

driven by its major customers Bank of New Zealand and MYOB.

Revenue has increased at an average rate of 140% over the past

three years.

SPEC BUY | Last Price: $0.085 | Target: $0.20 | Stop: $0.05 |

Outlook: 12m+

Click Here for the 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

Bullish view for 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

Wise-owl.com

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