Afterpay Ltd (ASX:APT)

ASX falls as Afterpay spikes, Woolworths’ spin-off, retailers rally The ASX 200 (ASX: XJO) fell 0.3%, the second straight day of losses, with consumer staples (+1.9%) and IT (+2.1%) the only real winners. The majority of the selling pressure came from healthcare and energy, falling 1.8% and 1.2% respectively, with continued weakness in CSL Limited (ASX: CSL) dragging the…

Shares bounce back, Victorian budget disappoints, mixed unemployment result The ASX200 (ASX: XJO) clawed back most of Wednesday’s losses, adding 1.3% on Thursday as the risk-on environment returned. The rally was powered ahead by the tech sector, 4.3% higher, along with property trusts, up 2.6%, and consumer discretionary stocks, up 1.7%. It was Qantas (ASX: QAN) that drove the…

ASX hit as US rattled, Boral takeover offer, Rex clarifies misstatement  The ASX200 (ASX:XJO) followed a global lead lower, falling 1.1% at the open and remaining in negative territory throughout the day. The IT sector was the hardest hit, falling 4.2%, and acting very much like a leveraged proxy for the US Nasdaq index. The key detractors were Afterpay (ASX:APT) and Zip…

Another positive week, tech continues disappearing act, Macquarie delivers record profit  The ASX200 (ASX:XJO) managed to deliver another positive week, adding 0.3% on Friday and 0.8% for the week. The news of the week was the Chinese Government ceasing high level discussions with Australian officials, but at the same time, their demand sends the iron ore price to a record above…

Mixed day but higher finish, new highs for stalwarts, Woolworths disappoints The ASX200 (ASX:XJO) managed another small gain, adding 0.3%, powered ahead by the technology sector; Afterpay (ASX”APT) and Zip Co (ASX:Z1P) adding 3.5% and 2.5% respectively. With half the sectors down, it was the consumer businesses that were the biggest detractors, Woolworths (ASX:WOW) falling 3.9% after delivering lackluster third quarter sales figures….

Tech sell off weighs on ASX, Challenger downgrades earnings, Latitude finally lists The ASX200 (ASX:XJO) moved further from a record close as a weak global lead and a bevy of early earnings updates sent the market 0.7% lower. The only highlight was the telecommunications sector which added 0.2%, with IT and healthcare falling over 1% each as…

ASX delivers strong gains, gold shining again, travel hit by vaccine issues The ASX200 (ASX:XJO) finished the week flat but managed to deliver a strong 2.4% from just four days of trading. The initial driver was the Reserve Bank reiterating their accommodative policy settings, sending the technology sector including Afterpay (ASX:APT) up 15.1% over the week after a difficult few months….

Nasdaq rally, NZ travel bubble, merger activity sends market higher The ASX200 (ASX:XJO) followed a strong US lead on Tuesday, adding 0.8% with the industrials and IT sectors the key drivers. The risk-on mood boosted Afterpay Ltd (ASX:APT) by 10% and competitor Zip Co (ASX:Z1P) by 9.1% after what has been a difficult few months for the BNPL companies. By far the…

ASX positive, Zip Co (ASX:Z1P) teams up with JB HiFi, building approvals heat up The ASX200 (ASX:XJO) posted another positive day as the quarter comes to an end, finishing 0.8% higher. Whilst a positive headline, the market fell heavily into the close, down around 1% in the last hour of trading. This resulted in another 1.8% gain…

Brisbane lockdown hits ASX, Afterpay (ASX:APT) falls to three month low, travel stocks struggle The ASX200 (ASX:XJO) gave up a strong opening on US stimulus, ultimately finishing 0.1% lower after the Queensland Government announced a three-day lockdown of the city after community transmission of the UK COVID-19 variant was confirmed. The retail sector fell on the news, with Webjet (ASX:WEB)…