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Drew Meredith

Publishing Editor

Drew is publisher of the Inside Network's mastheads and a principal adviser at Wattle Partners.

Drew Meredith results

China threat hits ASX, RBA says sorry, Frazis to leave BOQ

It was a tough start to the week in Australia, with little in the way of a US lead, all eyes were on growing unrest in China, which ultimately saw the S&P/ASX200 fall 0.4 per cent on Monday. Both the energy and materials sectors detracted, down 1.7 and 0.9 per cent as a surge in COVID-19 cases…

Drew Meredith | 29th Nov 2022 | More
CBA hits new high, ASX gains, EML jumps on Chairman’s departure

The local sharemarket finished the week on a positive note, with the S&P/ASX200 gaining 0.2 per cent as more than half of listed companies gained. The standouts were property, utilities and the retail sector all of which finished 1.1 per cent higher. Among the biggest contributors though, was the Commonwealth Bank (ASX: CBA) which gained 1.1 per…

Drew Meredith | 28th Nov 2022 | More
ASX strength continues, energy sinks on coal sales, Harvey Norman, Nick Scali shine

Performance across the key sectors of the S&P/ASX200 continues to diverge with a weak day for energy, down 1.8 per cent, offset by gains in the technology and real estate sectors, which both added 1.2 per cent. Vicinity Centres (ASX:VCX) was a highlight, adding 4.1 per cent following the departure of its CEO, while Whitehaven…

Drew Meredith | 25th Nov 2022 | More
ASX rally gathers steam, Qantas profit jumps, coal, energy rallies

The local market continues to gather steam ahead of a number of major economic announcements, with the S&P/ASX200 finishing 0.7 per cent higher. The rally was driven by a surge in the energy and utilities sectors both up 1.6 and 1.3 per cent as coal and oil prices rallied on another production cut. Whitehaven Coal…

Drew Meredith | 24th Nov 2022 | More
ASX hits five month high, Virgin Money jumps, crypto stocks dumped

The local market reached a five month high on Tuesday, buoyed by the energy and materials sectors once again, which finished 2.6 and 1.2 per cent in the positive, the S&P/ASX200 gained 0.6 per cent. The standouts remain in energy, or coal at least, with Whitehaven (ASX:WHC) and New Hope (ASX:NHC) up more than 7…

Drew Meredith | 23rd Nov 2022 | More
  • Australian sharemarket down on commodities, QBE costs spike, Nanosonic tanks

    The S&P/ASX200 commenced the week in the same manner it finishes, falling 0.2 per cent after holding onto a gain of as much as 0.3 per cent during the day. Both the technology and materials sectors were behind the weaker finish, falling 1.5 per cent respectively as the investors await more global economic data. Shares in insurer…

    Drew Meredith | 22nd Nov 2022 | More
    BHP ups bid for OZ Minerals, market flat, NIB Holdings jumps on sales

    All eyes were on the materials sector on Friday, after BHP (ASX: BHP) lobbed a best and final bid for copper producer OZ Minerals (ASX: OZL). The offer of $28.25 per share was approved by the board and will now proceed to due diligence. Despite the size of the offer, the market barely moved with the S&P/ASX200 gaining 0.2 per but…

    Drew Meredith | 21st Nov 2022 | More
    Sharemarket gains despite energy weakness, Webjet recovery continues, Seek guidance on track

    The S&P/ASX200 managed another small gain on Thursday, adding 0.2 per cent as strength in all sectors barring energy and materials, down 2.1 and 1.2 per cent each, managed to offset losses in the coal mining companies. The biggest detractors were New Hope (ASX: NHC) and Whitehaven Coal (ASX: WHC) which lost more than 6 per cent each as coal prices…

    Drew Meredith | 18th Nov 2022 | More
    S&P/ASX200 falls on quarterly updates, Graincorp dividend hike, Nufarm lifts

    The S&P/ASX200 fell 0.3 per cent on Wednesday, with 8 of the eleven sectors finishing the red led by utilities, down 1.5 and retailers, down 1.3 per per cent. The highlight once again was the energy and materials sectors, which gained 1.2 and 0.7 per cent. Shares in Oz Minerals (ASX: OZL) entered a trading halt on rumours that…

    Drew Meredith | 17th Nov 2022 | More
    Tech paces market as oil, lithium slide, AGL board renewed

    The local market fell 0.1 per cent on Tuesday under the pressure of a weaker energy sector, down 0.9 per cent, after OPEC+ cut their expectations for oil demand in 2023 and beyond; shares in Beach Energy (ASX: BPT) fell 2.8 per cent. It was a similar story for the lithium sector, with broader commodities falling 1 per cent…

    Drew Meredith | 16th Nov 2022 | More
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