asx 200

ASX powers into close, quality rotation, commodities weaken The ASX200 (ASX: XJO) strengthened throughout the day to ultimately finish 0.4% higher following a positive lead from Wall Street. Quality remains the key as bond rates continue to fall with industrials and tech leading the market higher, up 1.2 and 1.9% with energy and utilities continuing to weaken as…

Mining sector buoys ASX, InvoCare, Altium slump The ASX200 (ASX: XJO) was once again buoyed by the materials sector with Fortescue’s (ASX: FMG) strong earnings result sending the stock 6.6% higher and the sector up 2.7%. Both financials and consumer discretionary remain under pressure, down 0.7 and 1.0% as reporting season comes to an end. It was all about FMG today, with the company…

Flat finish but positive week, Wesfarmer’s big dividend, losers keep losing The ASX200 (ASX: XJO) finished just 3 points lower on Friday but managed a 2.2% gain for the week. The discretionary sector dragged the market lower behind Wesfarmers (ASX: WES) which fell 1.6%, with Appen (ASX: APX) also dragging the IT sector lower (down 1.2%) falling 6.1% as investor desert the popular…

Reporting season sends ASX lower, Appen, A2M tank, Woolworth’s surprise buyback The ASX200 (ASX: XJO) pushed lower on Thursday as the reporting season losers outweighed the winners. All eyes were on the consumer sectors with staples falling 0.8% and discretionary adding 0.3% as Woolworth’s (ASX: WOW) delivered a strong result. Two midcaps popular with brokers and DIY investors alike…

Rally continues, WiseTech up 50%, BNPL players weaken The ASX200 (ASX: XJO) continued its strong run despite a more mixed performance from those companies reporting today, adding 0.4%. The technology sector was the standout, up 1.9% after WiseTech Global (ASX: WTC) jumped 28.5%. The mining sector also recovered, up 1.4%, as the iron ore price showed signs of stabilising…

ASX higher as travel recovers, Kogan can’t live up to the hype, lockdowns hit Boral The ASX200 finished 0.2% higher on Tuesday, continuing the positive start to the week with energy and materials leading the way, up 2.8% and materials 0.8%. BHP (ASX: BHP) has started to recovery improving 1% as the iron ore price settles. It was a positive…

Tech powers record week, iron ore price tumbles, records everywhere The ASX 200 (ASX: XJO) overcame another 8% fall in the iron ore price to deliver a 0.4% gain on Friday, ultimately taking the weekly increase to 2%. Afterpay Ltd (ASX: APT) capped off an incredible week with another 5.5% gain, but it was all about News Corporation (ASX: NWS) which jumped…

Another record, another lockdown, Nick Scali, Pinnacle dominates The ASX 200 (ASX: XJO) managed to eke out another consecutive record finish, despite adding just 8 points and finishing 0.1% higher. It continues a positive start to the month, driven by seven of the eleven key sectors finishing higher. This comes despite Victoria entering its sixth lockdown, another seven day…

ASX hits 7,500, Wesfarmers’ record high, mining continues to bounce The ASX 200 (ASX: XJO) continued its strong recent run with the mining sector once again taking the mantle back from technology, jumping 1.2% behind another record from BHP Group Ltd (ASX: BHP) which jumped 2.1%. This marks another record high with the benchmark closing above 7,500 points for…

ASX claws back, energy hit, IT takeover rally spreads The ASX 200 (ASX: XJO) spent most of the day clawing back from early losses, ultimately finishing down just 0.2% despite a weak lead from the US market. The story was similar to yesterday with 8 of the 11 sectors down but technology continuing to drive performance, up…