5 things to watch on the ASX 200 on Monday 27 March 2023

5 things to watch on the ASX 200 on Monday

Here's what to expect on the ASX 200 index 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 27, 2023 5:30 am AEDT

On Friday, the S&P/ASX 200 Index (ASX: XJO) finished a volatile week on a subdued note. The benchmark index edged 0.2% lower to 6,955.2 points.

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

2 smiling women looking at a phone. — Image source: Getty Images

ASX 200 expected to edge lower

The Australian share market looks set to start the week slightly in the red despite a solid finish to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day a modest 3 points lower this morning. On Wall Street, the Dow Jones was up 0.4%, the S&P 500 rose 0.55%, and the NASDAQ climbed 0.3%.

Oil prices fall

Energy shares such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a subdued start to the week after oil prices fell on Friday. According to Bloomberg, the WTI crude oil price was down 1% to US$69.26 a barrel and the Brent crude oil price fell 1.2% to US$74.99 a barrel. Concerns over the health of the banking sector were to blame.

Aristocrat Leisure shares are a buy

Aristocrat Leisure Limited (ASX: ALL) shares could be heading higher from here according to analysts at Morgans. A note reveals that its analysts have retained their add rating and $43.00 price target on the gaming technology company's shares. It commented: "We're optimistic about ALL's long-term growth potential, given its superior capitalisation and strong ability to invest in the development of its land-based and digital gaming businesses."

Gold price pulls back

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a soft start to the week after the gold price pulled back on Friday night. According to CNBC, the spot gold price fell 0.75% to $1,981.0 per ounce. The gold price continues to hover around the US$2,000 an ounce mark amid the banking crisis.

Dividends being paid

A couple of ASX 200 shares will be paying their latest dividends on Monday. These are appliance manufacturer Breville Group Ltd (ASX: BRG) and gold miner Gold Road Resources Ltd (ASX: GOR). The former is rewarding its shareholders with a fully franked 15 cents per share interim dividend.

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