The Australian Securities Exchange (ASX) remains closed today, Monday, in observance of a public holiday. Markets will reopen tomorrow, Tuesday, April 22, giving investors a brief pause to reassess positions and prepare for the trading week ahead.
Figure 1: ASX Performance on Thursday
A Look Back at Thursday’s Performance
Before the long weekend, the S&P/ASX200 wrapped up Thursday on a strong note. The benchmark index gained 60.20 points or 0.78%, closing at 7,819.10. This marked a meaningful technical move as the index crossed above its 20-day moving average, often seen as a bullish signal.
Check the holidays of ASX Here.
Among the standout performers:
- Clarity Pharmaceuticals Ltd (CU6) surged 10%
- Challenger Limited (CGF) rose 21%
These gains were largely driven by upbeat earnings guidance, sector momentum, and renewed investor confidence.
Despite Thursday’s jump, the index is up only 1.42% over the past five trading days and still down 4.17% year-to-date. This reflects ongoing uncertainty across global markets, interest rate expectations, and sector-specific headwinds.
What Investors Should Consider Before Tuesday
As markets prepare to reopen, here are key considerations for investors to keep in mind:
1. Overseas Market Movements
With the ASX closed on Monday, global equities—particularly those in the U.S. and Asia—could influence sentiment when local trading resumes. Keep a close eye on:
- The Dow Jones and Nasdaq performances overnight
- Movement in tech and energy sectors, which often ripple into Australian markets
- Commodities prices, particularly iron ore, oil, and gold
Any significant global moves could either amplify or dampen Thursday’s momentum.
2. Economic Data and RBA Outlook
While no major domestic economic releases are scheduled for Monday, investors are closely watching:
- Upcoming inflation data
- Signals from the Reserve Bank of Australia (RBA)
Inflation trends and central bank commentary will shape rate expectations. If the RBA hints at holding rates longer than expected, sectors like real estate and discretionary may react negatively.
3. Earnings Season
We are in the thick of earnings season. Investors should look out for:
- Any earnings upgrades or downgrades
- Changes to forward guidance
- Market reactions in the U.S. and how they may echo here
Watch for how results impact heavily weighted stocks on the ASX200, such as banks, miners, and energy companies.
4. Technical Levels
Crossing above the 20-day moving average is notable, but more bullish confirmation is needed. Watch for:
- 7,850–7,900 resistance zone
- If breached, it could signal a short-term rally
- A reversal may bring the index back to the 7,700 support area
Traders and technical analysts will be watching these levels closely as a guide for direction.
5. Sector Opportunities
Thursday’s session hinted at renewed interest in biotech and financial services. Investors might consider:
- Small-cap health stocks with strong trial data or pipeline updates
- Financial services firms benefiting from stable rate environments
- Defensive sectors like utilities and consumer staples if volatility increases
Final Thoughts
While the ASX enjoys a well-earned break today, investors would be wise to use the time to reassess. With earnings in focus and global cues at play, tomorrow’s open could be lively.
Volatility remains part of the market narrative, but so do selective opportunities—especially in companies delivering solid results or riding strong macro tailwinds.
Stay informed, stay nimble, and use this quiet trading day to position yourself for what could be an eventful week ahead on the ASX.
