5 things to watch on the ASX 200 on Thursday

The ASX 200 looks set to have a day to remember on Thursday…

A young woman wearing a blue blouse with white polkadots holds her phone up with an intrigued and happy look on her face as she reads some news.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

sdf

On Wednesday, the S&P/ASX 200 Index (ASX: XJO) had another disappointing day. The benchmark index fell 0.5% to 6,462 points.

Will the market be able to bounce back from this on Thursday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to rise strongly on Thursday after a big rebound on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 113 points or 1.75% higher this morning. On Wall Street, the Dow Jones rose 1.9%, the S&P 500 climbed 2% and the NASDAQ pushed 2.05% higher.

Premier Investments results

The Premier Investments Limited (ASX: PMV) share price will be on watch when the retail conglomerate releases its full year results. According to a note out of Goldman Sachs, its analysts are expecting the Smiggle owner to report revenue of $1,416 million and EBITDA of $480.4 million. Over at UBS, it is forecasting sales of $1.4 billion and a net profit of $235 million. The latter will be down 13% year over year.

Oil prices jump

Energy shares including Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a great day after oil prices raced higher on Wednesday night. According to Bloomberg, the WTI crude oil price is up 4.5% to US$82.06 a barrel and the Brent crude oil price is up 3.3% to US$89.13 a barrel. A surprise decline in US crude and fuel reserves boosted prices.

Shares going ex-dividend

A large group of shares will be going ex-dividend on Thursday and could trade lower. This includes property companies Arena REIT (ASX: ARF), Centuria Industrial REIT (ASX: CIP), and Charter Hall Social Infrastructure REIT (ASX: CQE). In addition, administration services Link Administration Holdings Ltd (ASX: LNK) will trade ex-dividend for its special dividend this morning.

Gold price races higher

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a very good day after the gold price raced higher overnight. According to CNBC, the spot gold price is up 2% to US$1,669.10 an ounce. A softer US dollar gave the gold price a lift.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Link Administration Holdings Ltd. The Motley Fool Australia has recommended Premier Investments Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

The silhouettes of ten people holding hands with their arms raised against the sky, as the sun rises or sets in the background.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors were nervous this Friday, ending the week on a sour note.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Share Market News

Where to invest $5,000 into ASX 200 shares this month

The team at Bell Potter is bullish on these names. But why?

Read more »

Man pointing an upward line on a bar graph symbolising a rising share price.
52-Week Highs

8 ASX 200 shares hitting multi-year highs today

These shares have defied the trend, hitting new price milestones amid a day in the red for the ASX 200.

Read more »

Broker Notes

Brokers name 3 ASX shares to buy today

Here's why brokers are feeling bullish about these three shares this week.

Read more »

A young man punches the air in delight as he reacts to great news on his mobile phone.
Share Gainers

Why EOS, Evolution Mining, Renascor, and Woodside shares are jumping today

These shares are ending the week on a high. But why?

Read more »

Person with thumbs down and a red sad face poster covering the face.
Share Fallers

Why Accent, Cettire, Ioneer, and Pro Medicus shares are dropping today

These shares are ending the week in the red. What's going on?

Read more »

A group of three miners in hard hats and high visibility vests confer at a rocky mining site.
Broker Notes

Up 66% in a year, just how much more upside does Macquarie tip for Perseus Mining shares?

Just how much higher might Perseus Mining shares soar? Here’s what Macquarie had to say about the ASX 200 gold…

Read more »

Rising share price chart.
Broker Notes

Why this exciting ASX 200 share could rise almost 50%

Bell Potter has good things to say about this biopharmaceutical company.

Read more »