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Strongest week since November, News Corp (NWS) shows the evolution of media, more record highs The ASX200 (ASX:XJO) finished the week the same way it started, moving 1.1% higher, with a broad-based recovery sending the index to its highest level in 11 months. Mining services provider Worley (ASX:WOR) was the main laggard, falling 8.1% after flagging a significant fall…

ASX down on Victorian outbreak, Origin (ASX:ORG) and AGL Energy (ASX:AGL) downgrade, record trade surplus The ASX200 (ASX:XJO) broke its three day run, falling 0.9% due to a combination of weaker global markets and an unexpected outbreak from hotel quarantine in Victoria. Every sector finished lower, but property (-2.4%) utilities (-2.0%) and energy (-1.2%) were among the…

ASX rallies on the back of QE pump priming, healthcare falls, Tabcorp (ASX:TAH) confirms bid The ASX200 (ASX:XJO) continued its strong start to the week, finishing 1.5% higher after news that the Reserve Bank of Australia would be keeping rates on hold. Every sector barring healthcare finished higher, with IT once again leading the way with low rates used…

ASX overcomes early falls, silver next in line for day traders, Worley (ASX:WOR) downgrade The ASX200 fell over 1% at the open following a weak overseas lead but managed to finish 0.8% higher for the day, bringing back memories of the 2020 daily swings. Most sectors finished higher, with healthcare the standout after CSL Ltd (ASX:CSL) benefitted from a…

Swings and roundabouts, ASX to open lower, Kogan (ASX:KGN) smashed to finish the week The ASX200 (ASX:XJO) finished January 0.3% higher, the third straight positive month, despite swinging from a 1.2% gain to a 0.6% loss on Friday. Over the week it was the materials and energy sectors, down 7.0% and 10.6% respectively, which placed the greatest…

Markets go risk off for a day, trading mayhem continues, Fortescue Metals (ASX:FMG) record production The ASX200 (ASX:XJO) dropped at the open after a negative lead from the US, ultimately finishing down 1.9% for the day; the worst in several months. 90% of companies fell, with Unibail-Rodamco-Westfield (ASX:URW) a rare outperforming jumping 14.5%. The growth favourites were among the…

ASX down 0.7%, reality setting in, Reliance Worldwide (ASX:RWC) jumps on overseas sales The ASX200 (ASX:XJO) awoke from the long weekend falling 0.7% on the back of weakness in the materials and energy sectors. The iron ore price remains one of the key drivers of daily market performance with its 3% fall overnight sending Fortescue Metals (ASX:FMG) down 6.4% and BHP Group 3.4%…

ASX200 0.4% higher, quiet day of news, Fortescue (ASX:FMG), Zip Co (ASX:Z1P) among the strongest The ASX200 (ASX:XJO) finished 0.4% higher on very light volume with most participants clearly opting for a long weekend. The consumer and IT sectors continued to outperform behind the likes of Zip Co (ASX:Z1P) and Kogan (ASX:KGN), which finished 2.6% and 3.8% higher respectively. Despite the…

ASX at 11 month high, Fortescue’s (ASX:FMG) bumper dividend, Lynas (ASX:LYC) in deal with US Government The ASX200 (ASX:XJO) reached an 11 month high this week, adding 1.3% for the week despite falling 0.3% in late trading on Friday. The commodities sector remains key to the market strength, with rare earth miner Lynas Corp (ASX:LYC) jumping 13.7% on Friday…

ASX200 pushes towards record, commodity reports, is Zip (ASX:Z1P) the new BNPL leader?  The ASX200 (ASX:XJO) benefited from a strong overseas lead and news that unemployment has fallen to just 6.6% to finish 0.8% higher. Surprise, surprise, technology was the leader once again, adding 2.7% after BNPL player Zip Co (ASX:Z1P) released a quarterly update. The group once again…