On Thursday, the S&P/ASX 200 Index (ASX: XJO) had a very strong session and stormed higher. The benchmark index rose 1.1% to 8,945.9 points.
Will the market be able to build on this on Friday and end the week on a high? Here are five things to watch:
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ASX 200 expected to edge lower
The Australian share market looks set to fall on Friday despite a good night in the United States. According to the latest SPI futures, the ASX 200 is expected to open 5 points lower this morning. On Wall Street, the Dow Jones was up 0.15%, the S&P 500 rose 0.05%, and the Nasdaq pushed 0.4% higher.
Oil prices fall
It could be a poor finish to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Karoon Energy Ltd (ASX: KAR) after oil prices tumbled to a four-month low overnight. According to Bloomberg, the WTI crude oil price is down 1.7% to US$60.72 a barrel and the Brent crude oil price is down 1.55% to US$64.34 a barrel. Oil prices have sunk this week on oversupply concerns.
Dividend payday
It is payday for shareholders of a number of ASX 200 shares on Friday. This includes biotech giant CSL Ltd (ASX: CSL), financial services company Perpetual Ltd (ASX: PPT), energy retailer Origin Energy Ltd (ASX: ORG), pizza seller Domino's Pizza Enterprises Ltd (ASX: DMP), and infant formula company A2 Milk Company Ltd (ASX: A2M).
Gold price falls
ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a subdued finish to the week after the gold price fell overnight. According to CNBC, the gold futures price is down 0.4% to US$3,881.7 an ounce. Traders may have been taking profit after the precious metal hit a new record high.
Dyno Nobel
The team at Morgans has given its verdict on Dyno Nobel Ltd (ASX: DNL) following the completion of its fertilisers business to Ridley Corporation Ltd (ASX: RIC). Morgans said: "DNL's trading update was materially stronger than expected for the business it no longer wants, Fertilisers. Explosives in on track to achieve previous guidance. We have made material upgrades to our FY25 and FY26 forecasts for a much higher DAP price. However, given DNL is likely to close Phosphate Hill from September 2026, we have made material downgrades to our FY27 forecasts reflecting the highly dilutive nature of this decision. In its first year with no fertilisers, DNL is trading on a full FY27 PE of 18x and EV/EBITDA of 8.6x. We prefer ORI for exposure to the Explosives industry."
