A promising February on the Australian ran into a roadblock on Friday, with the benchmark S&P/ASX 200 Index surrendering 71.2 points on the day, or 1.0 per cent, to 7217.3 points. While that was the biggest loss in more than two weeks, the index was still up 1.4% for the week, in its second straight rising week. Ten…
After a bruising 6.4% loss in January, the Australian share market is trying to pick up the pieces, with Thursday being its sixth positive session in eight trading days so far in February, and a third straight gain. The benchmark S&P/ASX 200 index gained 20.2 points, or 0.3 per cent, to 7,288, while the broader All Ordinaries also closed about 0.3 per cent…
The S&P/ASX200 continued a recent strong run gaining another 1.1% on Wednesday with Commonwealth Bank (ASX: CBA) a key contributor. The financial and technology sector are seeing strong support as earnings season steps up another gear, they gained 2.6 and 4.2% respectively. In an about-face from recent weeks, the energy and material sectors underperformed after BHP (ASX: BHP) fell due to another warning…
The S&P/ASX200 recovered the ground lost on Monday, increasing 1.1% on Tuesday as the iron ore price showed no signs of slowing down. Having oscillated between a new commodity supercycle and a bear market, a resumption of steel production supported a 2.2% jump in the materials sector and 3.7% for BHP Group (ASX: BHP). Every other sector was higher barring technology, which fell…
The S&P/ASX200 managed a solid fightback during the session falling as much as 1% at the open but finishing down just 0.1% for the day. There were only three sectors higher, being energy, materials and technology gaining 1.6, 0.8 and 0.6% respectively, whilst the healthcare and real estate sectors both fell 1.3%. Among the largest drags on the market, today was ANZ Banking Group (ASX: ANZ)…
The S&P/ASX200 looked beyond the sharp selloff in technology stocks overnight to post a 0.6% gain on Friday. The result was broad-based with almost every sector higher, with materials, energy and technology all finishing over 1% in the black. This came despite Meta’s massive selloff in the US session. Boral (ASX: BLD) shares fell 41.8%, representing the amount of the capital return and special…
The S&P/ASX200 fell throughout the day, finishing 0.1% lower with all eyes on the Morningstar Investment Conference. The technology sector carried most of the selling pressure, falling 5.9% in a single session, with utilities and materials the only sectors settling higher. Popular lithium miner Novonix (ASX: NVX) fell close to 15% despite any news on the company, with numerous other technology names not far behind. Xero…
It was another strong day for the S&P/ASX200, overcoming negative sentiment around valuations and inflation to deliver another 1.2% gain. Almost every sector finished higher, with utilities the primary underperformer after Origin Energy (ASX: ORG) dropped 2.6%. The standout was energy once again, gaining 2.8% and materials, which finished 2.0% higher as investors flocked to both construction material providers, Boral (ASX: BLD)…
It was another positive day for the market, with the S&P/ASX200 gaining 0.5% after the Reserve Bank confirmed it would be taking no action on rates once again. Concerns about a slowdown in global growth have seen a recovery in the more rate-sensitive sectors of the market with technology and utilities leading the way again, gaining 2.6 and 2.4% respectively. Materials were…
 The S&P/ASX200 wasn’t able to capitalise on the strong finish in the US on Friday, continuing to underperform the world’s largest market falling 0.2%. Financials were the biggest detractor falling 1.8% with the likes of Commonwealth Bank (ASX: CBA) and Macquarie (ASX: MQG) falling 2% each. The rally was squarely in the beaten-down technology and retailing sector, up 3.7 and 1.3% with Zip Co (ASX:…
