asx today

The local market overcame a brisk selloff in giant healthcare group CSL (ASX: CSL) to post another 0.3 per cent gain. The consumer sectors were the key drivers, with staples and discretionary finishing 1.7 and 1.4 per cent higher respectively following Walmart’s strong report overnight. The property sector also benefitted from a strong report by…

The Australian share market is showing few signs of slowing down, delivering another positive day with a 0.6 per cent gain. Daily moves are being driven by a generally positive reporting season with the materials, up 1.7 per cent, the key winner alongside healthcare and consumer staples. Both energy and property retreated one per cent…

Australian shares followed the US market higher on Thursday after the world’s largest economy reported easing inflationary pressures, helping to lower interest rate expectations. The benchmark S&P/ASX 200 gained 78.3 points, or 1.1 per cent, to close at 7,071 points, while the broader S&P/ASX All Ordinaries rose 86.7 points, or 1.2 per cent, to 7325.4 points. Most…

The local market gave up early gains to finish broadly flat on Thursday after a strong week in the market. Four sectors finished in the red, led by energy and materials, down 2.2 and 1.1 per cent respectively. The key driver has been growing concerns about a weakening in demand for oil and gas, a…

The positive run continued with the S&P/ASX200 gaining 0.7 per cent on Monday, the first day of August following a strong finish to July. Investors have clearly been buoyed by suggestions that the RBA will need to pare back rate hikes well before the expected 4 per cent level is reached. The result was a…

The local sharemarket delivered another positive week for investors with the S&P/ASX200 gaining 0.8 per cent on Friday taking the weekly gain to 2.2 per cent. Added to last week’s 2.8 per cent gain and the market is down just 6.7 per cent for the year. Every sector barring healthcare added to the strong result…

It was a solid week last week for the Australian market, advancing on four of the five days. The S&P/ASX 200 gained 138.1 points, or 2.1 per cent, for the week, to end at 6,678, while the broader S&P/ASX All Ordinaries index added 156.6 points, or 2.3 per cent, to 6,877. The All Tech index…

The Australian share market ended in the green on Monday, despite investor skittishness ahead of today’s Reserve Bank board meeting. The central bank is widely predicted to lift its cash rate by another 50 basis points today, which would take it to 1.35 per cent, in the intensifying effort to rein in surging inflation, which…

The Australian market started the session on a positive note, moving as much as 1 per cent higher on the first day of the new financial year but ultimately sank to a 0.4 per cent loss. The realisation that an interest rate-driven slowdown in the global economy may hit commodity demand saw both energy and…

The local market managed to deliver another strong day, the S&P/ASX200 finishing 0.9 per cent higher. Five sectors were lower, albeit only slightly, with consumer discretionary the biggest detractor on concerns that higher interest rates will cut disposable incomes. This sent the likes of JB Hi-Fi (ASX: JBH) and Zip Co (ASX: ZIP) down 3.9 and…