Market wraps 24th December 2020

Morning Bell - Jessica Amir

The ASX200 is eyeing a lift of 0.7% at the open, with the market closing early today, closed for Christmas tomorrow and Monday.

European markets made gains overnight on hopes that a Brexit trade deal would be done and on the back of France opening its border to England on Wednesday.

In the US, Americans filing for unemployment benefits fell from a 3-week high. Pfizer and BioNTech inked a deal with the US Government to rollout an extra 100 million vaccines.

Local trading ideas:

  • Citi called out EOS (ASX:EOS) and FINEOS (ASX:FCL) as buys with $7.75 and $4.60 price targets respectively.
  • Asaleo Care (ASX:AHY) was downgraded to a hold from a buy by Citi after AHY received a takeover offer that it recommends shareholders do not take action on.
  • Kathmandu Holdings (ASX:KMD), Money3 (ASX:MNY) and Harvest Technology Group (ASX:HTG) are all showing bullish charting signals according to Trading Central.