5 things to watch on the ASX 200 on Monday 28 March 2022

5 things to watch on the ASX 200 on Monday

Here's what to expect on the ASX 200 on Monday…

James Mickleboro

Author Bio James Mickleboro is an investment writer and analyst who has worked with The Motley Fool Australia for 10 years, covering ASX shares, market news, broker research, dividends, growth stocks, and long-term investing ideas. Over that time, James has written extensively about Australian equities and developed a particular focus on helping everyday investors understand the stories behind share price moves, company announcements, broker views, and broader market trends. His best investment recommendation was identifying Afterpay while it was still a small-cap growth share, before its rise into one of Australia’s biggest technology success stories. His worst investment lesson came from CSL Ltd (ASX: CSL), where he was burnt by believing management could turn the business around sooner than the market ultimately allowed. Areas of Expertise ASX shares Growth and dividend investing Broker research Interpreting company announcements Market news Portfolio strategy Long-term wealth creation Education Bachelor of Politics, Philosophy and Economics. CFA Institute Social Media LinkedIn Favorite Investment Quote "It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price." — Warren Buffett

Published March 28, 2022 6:24 am AEDT

On Friday, the S&P/ASX 200 Index (ASX: XJO) finished the week in a positive fashion. The benchmark index rose 0.25% to 7,406.2 points.

Will the market be able to build on this on Monday? Here are five things to watch:

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements — Image source: Getty Images

ASX 200 expected to push higher

The Australian share market looks set to start the week on a positive note. This follows a decent finish to week on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 34 points or 0.45% higher this morning. On Wall Street, the Dow Jones rose 0.45%, the S&P 500 climbed 0.5%, and the Nasdaq bucked the trend by falling 0.15%.

Oil prices rise again

Energy producers Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a decent start to the week after oil prices pushed higher. According to Bloomberg, the WTI crude oil price is up 1.4% to US$113.90 a barrel and the Brent crude oil price rose 1.35% to US$120.65 a barrel. News of a missile attack on a Saudi Aramco facility in Jeddah boosted prices.

Endeavour shares given conviction buy rating

The Endeavour Group Ltd (ASX: EDV) share price could be great value according to analysts at Goldman Sachs. This morning the broker initiated coverage on the alcohol retailer with a conviction buy rating and $8.00 price target. Goldman believes Endeavour's advantage in scaled consumer assets and loyalty give it an omni-channel strategy edge.

Gold price falls

Gold miners Newcrest Mining Limited (ASX: NCM) and Northern Star Resources Ltd (ASX: NST) could have a poor start to the week after the gold price weakened on Friday night. According to CNBC, the spot gold price fell 0.4% to US$1,959.8 an ounce. The gold price dipped after bond yields rose.

BHP dividend being paid

It's a great day for BHP Group Ltd (ASX: BHP) shareholders on Monday. Later today the Big Australian will be paying eligible shareholders its massive $2.08 per share fully franked interim dividend. Other dividend payers include Endeavour Group and IDP Education Ltd (ASX: IEL).

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