Daily FNArena News

Weekly Update on ASX-listed companies buying in their own stock.

While the prices of many base metal are pushing higher, aluminium remains in the doldrums and ANZ analysts suggest a large surplus is looming.

The quality of Bendigo & Adelaide Bank’s FY16 result was poor, brokers contend. The main positive is the potential for advanced accreditation.

Michael Gable of Fairmont Equities suggests the sell-off in Navitas may extend further before a buying opportunity presents.

The State of New York has relented in deciding to provide subsidies for nuclear power which should see plants saved for now.

Significant opportunity awaits Automotive Holdings and AP Eagers if they can successfully clear several near-term obstacles, brokers suggest.

SG Fleet has raised its profile in the UK with the acquisition of a fleet business, expected to provide a platform for further growth.

Several rail contracts are about to be awarded and success on any or all of the tenders could be a catalyst for re-rating Downer EDI, brokers note.

Nick Linton-Ffrost of Fifth Wave continues to suspect the ASX200 will pull back but trading above 5600 suggests 6000 in sight.

FNArena Editor Rudi Filapek-Vandyck is attending the AIA National Conference on Queensland’s Gold Coast.