asx200

Energy powered the Australian market higher on Monday, with a 4 per cent rise in the S&P/ASX 200 Energy index at the heart of market sentiment, as oil, gas and coal prices rose. The energy action helped the benchmark S&P/ASX 200 advance 23.5 points, or 0.3 per cent, or to 6852.2, while the broader All…

ASX shakes off sentiment, IT recovery, Charter Hall, Reliance deliver records The ASX200 (ASX: XJO) shook off a rare negative week to open 0.4% higher on Monday. The IT and property sectors, up 1.7 and 0.9% respectively were the key contributors as reporting season continued. Energy remains under pressure with Ampol (ASX: ALD) down 4.8% on a weaker earnings report and…

Losing week, iron ore and the economy, Cochlear tanks The ASX200 (ASX: XJO) fell another four points on Friday, capping a full week of lower closes and a loss of 2.2% for the five days. On Friday, it was all about Cochlear (ASX: COH) with the hearing aid manufacturer falling 7.4% despite recording record sales of $1.49 billion and a 54%…

Market falls, unemployment head fake, BHP continues to weaken The ASX200 (ASX: XJO) continued its recent weakness with reporting season a key drag on performance. Global investors continue to digest the BHP Group (ASX: BHP) delisting with the share price falling another 6.4% all but closing the premium to their London listed shares. This is likely a surprise to management who…

BHP drags on market, reporting season flurry, property recovers The ASX200 (ASX: XJO) fell 0.1% today solely due to a 7.1% fall in BHP Group (ASX: BHP) as investors digest the massive merger deal; the materials sector was down 3.0% as a result. Given the dual listing set up and structure of the Woodside (ASX:WPL) deal it’s hard to determine if this is…

Market falls, BHP merges with Woodside, CBA’s correction It was another rough day for the ASX200 (ASX: XJO) with the selling pressure continuing to grow as reporting season picks up steam. The financial sector was the biggest contributor to the markets 0.9% fall, dragged down 1.7% by Magellan Financial Group (ASX: MFG) and the Commonwealth Bank (ASX: CBA) which is nearing a technical…

Market retreats, A2 Milk surges, BlueScope, JB Hi-Fi report The ASX200 (ASX: XJO) started the week on a negative note, falling 0.6% as COVID-19 cases surge in Australia, lockdowns expand to four states and Victoria was plunged into another curfew. Around half the sectors were lower with the popular cyclical ‘value’ stocks like energy and financials hardest hit down…

ASX gains 1.2%, financials power ahead as Baby Bunting disappoints The ASX200 (ASX: XJO) finished at another record high on Friday, gaining 0.5% as the positive sentiment from reporting season carried through another week. Every sector finished higher outside of materials, with healthcare the outperformer adding 1.9% after CSL Ltd (ASX: CSL) once again near $300 per share adding 2.4% ahead…

All about the Benjamin’s, market flat but dividends galore, Telstra holds, AMP cuts The ASX200 (ASX: XJO) finished flat on Thursday with Rio Tinto’s (ASX: RIO) massive dividend dragging the stock 6.9% and proving too much for a resilient communications sector (+2.3%) to overcome. It was a broadly positive day with more sectors gaining than losing and reporting season ultimately driving…

CBA hikes dividend, announced buy back, IAG delivers another loss The ASX200 (ASX: XJO) finished at another record on Wednesday, adding 0.3% with the Commonwealth Bank (ASX: CBA) extending its dominance as Australia’s largest company. The share price rallied 1.5% almost singlehandedly pushing the market higher. Outside of the major banks it was a generally risk on day with energy and…