ASX Finishes +4.4% after a Volatile Week
Paper Mandate Market & Portfolio Commentary | 10 April 2026
Fund Status:
Bal Start: $999,352
Bought: MND,
Sold: None
Bal End: $999,805
Cash: $389,248
Market Commentary
In the United States overnight, major indexes managed to close higher as the S&P 500 and Dow Jones both climbed 0.6% and the Nasdaq rose 0.8%. Investors showed resilience despite rising oil prices. The S&P/ASX 200 finished slightly lower today, dipping -0.14% as investors exercised caution ahead of weekend peace talks in Pakistan. Eight of the eleven sectors finish in the red, with the Tech sector the largest detractor. Despite the war in the Middle East, Energy finished the week down -3.8% as Financials (+6.6%), Materials (+6.2%) and Real Estate (+4.9%) lead the charge.
Portfolio Commentary
Monadelphous (MND) provided an update of new construction and maintenance contracts in the resources sector valued at approximately $145 million. Also a contract for Rio Tinto’s capital projects & a two-year extension to existing maintenance services contract at BHP’s Olympic Dam in South Australia. The weight of the stock in the portfolio is 2%. Adding a further 1% today on the increase in new contracts.
LIfe360 target price was cut to $35.50 by Bell Potter while Citi maintains a buy rating on the stock. Still reflecting a circa 50% implied gain from the current share price.
Cobram (CBO), Ord Minnett raised their target price of the stock to $3.78. It is currently at $3.60, so an implied return of 5%. This doesn’t really move the dial. Sell side brokers usually don’t stick their necks out.
Looking at the Top & Bottom performers for the day, looks as though the largest weights are the biggest detractors, XRO, MP1, and OBM. Essentially SaaS-pocalypse and Gold detracting from the portfolio.
Investment Rationale
Disclaimer: This is a simulated portfolio. Content is for educational purposes only and does not constitute financial advice. Always do your own research.