asx 200

 A spate of headlines over the week naturally put pressure on the S&P/ASX200 today, with the index falling 1% at the open but finding support throughout the day to finish down just 0.5%. It was quite a negative day, with the technology, utilities and materials sectors taking the biggest hit, in many cases due to company-specific results. The winners…

The S&P/ASX 200 suffered its worst week since 2020, finishing Friday 2.3% lower and losing 2.9% over the last five days. On Friday, every single sector on the market was lower, in fact just 12 companies in the top 200 managed a positive return, Boral Ltd (ASX: BLD) being one of them, gaining 2.1%. Whilst the threat of higher interest rates…

 The S&P/ASX200 (ASX: XJO) managed a small gain, finishing 0.1 per cent higher despite 7 out of the eleven sectors finishing underwater today. The highlight of the session was the materials sector, which gained 3.1 per cent behind a massive surge in gold miners. The biggest detractor was the communications sector with the likes of Seek (ASX: SEK) and TPG Telecom (ASX: TPG) falling by more than…

 The S&P/ASX200 couldn’t overcome another negative lead from the US, with bond rates and reporting season driving the market again. Only two of the markets 11 sectors posted a positive result, with technology continuing its selloff falling 2.6% and the healthcare sector, down 1.6% also underperforming. Once again, energy remains the highlight as oil moved towards multi-year highs with the likes of Origin (ASX: ORG) benefitting…

 The S&P/ASX200 finished 0.1% lower as consumer confidence dropped over 7% to the lowest point since the vaccination announcement in November 2020. The market remains mixed with cyclical sectors including energy and materials, up 0.2 and 0.6% respectively, whilst the more defensive healthcare sector underperformed, falling 1.2%. All eyes were on the retail sector, however, with JB HiFi (ASX: JBH) jumping 6.9% and overcoming…

The S&P/ASX200 managed to start the week on a relatively strong footing with corporates awakening from their slumber to deliver some first half updates. The energy and retailing sectors were the highlights on Monday, gaining 1.4 and 2.2% respectively. The biggest influence on the market was Wesfarmers (ASX: WES) which gained 2.6% despite delivering a ‘difficult’ trading update. Management reiterated their…

Market weaker despite positive lead, unemployment falls, CSL down on acquisition The S&P/ASX200 (ASX: XJO) didn’t follow global markets higher, finishing down 0.4 per cent as CSL (ASX: CSL) dragged both the healthcare sector, down 5.1 per cent and the market lower. The reason was the completion of their capital raising at an 8 per…

Tech pulls market lower, deals galore across travel, property sectors  The technology sector once again dragged the market lower, falling 2.6 per cent and pulling the market down 0.7 per cent along with it. The biggest detractors were Afterpay (ASX: APT) and Zip Co (ASX: Z1P) which fell 3.1 and 6.9 per cent respectively as the flood out of high…

ASX losing run snapped, Fortescue CEO leaves, gold miners outperform The S&P/ASX200 managed to snap a four-week losing run to post a 1.5 per cent gain over the week.This was despite falling 0.4 per cent on Friday ahead of an all-important inflation print in the US. Shares in Fortescue (ASX: FMG) fell 0.8 per cent after CEO Elizabeth Gaines announced she would be…

 Markets couldn’t overcome weaker sentiment today, initially trading higher but ultimately falling 0.3 per cent and breaking the 2 per cent gains in recent days. Only two sectors posted positive returns, being utilities and healthcare, which gained 0.4 and 0.2 per cent respectively with the rest falling into negative territory. The worst was the energy sector, down 1.1…