asx today

The local sharemarket followed global markets lower, with the S&P/ASX200 opening as much as 2.5 per cent lower. The day’s trade was a story of the weight of numbers, with every sector barring communication finishing lower, but more companies gaining than falling. The size and scale of weakness in energy and commodities, down 2.1 and…

There are few signs that the global selloff is slowing down, with a weak US lead on Friday contributing to another 1.2 per cent fall on the S&P/ASX200. The threat of higher interest rates and inflation are now been compounded by news that the Chinese government had extended lockdowns in key capital cities potentially adding…

The local market closely followed the global lead with the S&P/ASX200 experiencing its worst session since Russia invaded Ukraine. All 11 sectors of the market were lower with technology and real estate the hardest hit, down 4.5 and 3.4 per cent for the day, whilst consumer staples naturally outperformed, falling just 0.2 per cent behind…

It was another weak day for the local market with every major sector falling on Tuesday and dragging the S&P/ASX200 down another 0.4 per cent. The primary driver remains the oil price, which fell by 4 per cent, and the surging bond yields impacting valuations. This trend has benefitted the gold mining sector which contributed…

It was another volatile day for the S&P/ASX200, with the market trading significantly higher before reversing gains to finish up just 0.1 per cent. The market and individual sectors continue to diverge on a daily basis as the pressure of the 10-year Australian government bond yield impacts valuations very differently. The financial and banking sector…

A strong rally to close out the week, with the S&P/ASX200 finishing 0.5 per cent higher, wasn’t enough to offset downward pressure during the week, with the market ultimately losing 0.2 per cent. Performance was varied on Friday, with materials and industrials both outperforming, gaining 1.3 and 0.9 per cent amid surging commodity prices and…

There was little in the way of positive news on Monday, with the market ultimately capitulated to a lack of direction, gaining just six points to start the week. Just four of the 11 sectors finished higher but among them were the markets two biggest, being materials and financials, which gained 1.3 and 0.6 per…

 The run of positive days continues to defy expert predictions of market chaos as bond yields increase, with the S&P/ASX200 gaining another 0.5 per cent despite another bump in the 10-year government bond yield. The technology sector tracked the gains of the Nasdaq adding 3.5 per cent as sector leader Block (ASX: SQ2) jumped 7.5…

The selling pressure continued on Wednesday with the S&P/ASX200 falling 0.8 per cent as uncertainty around the world continues to grow. Recent winners in energy and materials led the selloff down 3.6 and 3.3 per cent respectively with BHP (ASX: BHP) and Rio Tinto (ASX: RIO) among the hardest hit, falling 3.7 and 4.3 per cent. Among the strangest moves in recent…

The Australian sharemarket followed a strong global lead, finishing 0.1 per cent higher taking the weekly loss to just 4.3 per cent despite the war in Ukraine. On Friday, it was the technology sector that outperformed, gaining over 8 per cent, almost entirely due to a 32 per cent surge in Afterpay’s new owner Block (ASX: SQ2) which was a…