Fund Status:
Portfolio Val: $1,191,661
Performance: Portfolio +0.78% | Benchmark -0.34%
Cash: $107,175
Bought/Sold: None
Overnight Markets
US major benchmarks finished higher in a chip-led session as semiconductor stocks climbed ahead of Nvidia’s earnings, while Brent crude dipped 4.8% to US$85.95 and copper continued to trend near all time highs. Meanwhile, international trade friction deepened as Canada announced retaliatory tariffs on C$27.6 billion of US goods starting September 8, matching Washington’s ongoing escalation
Australian Market
The ASX 200 slumped 36.8 points (-0.40%) following a hotter than expected domestic CPI print that forced economists to aggressively flag a potential September RBA rate hike. The CPI rose 3.5%, down from 3.8% YoY. The largest contributors were Housing (+5.0%), Food & Beverages (+3.2%) and Recreation (+2.6%). Trimmed mean inflation was 3.6%, unchanged. This is still above the RBA target band.
Despite the broader market sell-off, Consumer Staples outperformed sharply, led by Woolworths surging on a strong earnings beat and dividend hike, while growth tech and energy names faced heavy selling pressure
Portfolio Commentary
The portfolio gained +0.78% while the benchmark slipped -0.34%. Lovisa (+12.73%) after reporting FY26 revenue growth of 17.6% to $938.8M, and gross margin expansion to 82.6%. HMC (+11.26%) gained as its FY26 operating results met guidance alongside a 22% jump in recurring fee revenue, boosting confidence in its platform. SYL ( +6.32%) gained following a strong result with revenue up 28% to $1.14 billion and EBITDA up 17.2% to $124.3 million. These gains comfortably absorbed headwinds from Xero (-5.67%), which fell as rising rate hike expectations hit technology names, alongside modest profit taking in EMVision ( -3.89%) and energy weakness in WDS (-3.27%).
Investment Activity
None
Disclaimer: This is a paper portfolio. Content is for educational purposes only and does not constitute financial advice. Always do your own research.