sharemarket

Positive finish to the week, Seven gets serious on Boral, property lending spikes The ASX 200 (ASX: XJO) finished the week on a positive note, adding 0.5% behind a rally from the energy (+1.6%) and industrial (+1.2%) sectors. The dogs of last financial year were the biggest contributors on Friday, with Nuix Ltd (ASX: NXL) and A2 Milk Company Ltd (ASX:…

ASX fades to small gain, 24% return for the financial year, Telstra’s buyback surprise The ASX 200 (ASX: XJO) managed to finish the financial year on a positive note, adding 0.2% on Wednesday with the communications sector the biggest contributor, up 2.7%. The result took the quarterly return to 7.7% and the financial year to 24%, the…

Late comeback delivers, energy in the red, dividends hit real estate, CKF falls on earnings The ASX 200 (ASX: XJO) staged a remarkable recovery, managing a flat day despite falling as much as 0.9% on Tuesday morning. Energy, materials, and utilities were amongst the weakest performers, with a raft of dividend payments pulling the real estate sector…

ASX fights back, COVID winners back as lockdowns extended, oil at three-year high The ASX 200 (ASX: XJO) overcame a negative lead to finished broadly flat on Monday. COVID-19 outbreaks in almost every state barring Victoria have sent the market back into the realm of 2020’s top trades. On the one hand, travel and tourism-facing stocks suffered,…

Markets continue to fall, travel stocks hit as Sydney faces lockdown, Costa enters trading halt The ASX 200 (ASX: XJO) finished 0.6% lower on Wednesday despite a strong overseas lead, with news of the extended Sydney travel restrictions impacting travel and consumer stocks. Qantas Airways Limited (ASX: QAN) fell 0.3%, Flight Centre Travel Group Ltd (ASX: FLT) by 3.4%, and Corporate Travel…

Fifth straight weekly gain, tech back in favour, commodities tank, AUD weakens The ASX 200 (ASX: XJO) finished 0.1% higher on Friday as markets continued to digest this week’s change of heart from the Federal Reserve.  The IT sector overcame valuation concerns to jump 3.5% higher on Friday and 6.1% over the week. Leading the market was Afterpay (ASX: APT)…

Rough day as rate hike hits, Challenger, Seven, Coles offer market updates The ASX 200 (ASX: XJO) finished down 0.4% on Thursday in what some are calling a sell-off after news that the Federal Reserve may hike interest rates earlier than expected, in 2023. Markets took this with a grain of salt, not selling off heavily, ending more focused…

ASX records continue despite mining sell off, energy stronger, lithium deals continue The ASX 200 (ASX: XJO) finished at another record, adding 0.1% on Wednesday despite weakening throughout the day. Most sectors finished higher, led by the energy sector, up 1.5%, with the materials and IT down 1.6% and 0.4%, respectively. It was bad news for those…

ASX, Comm Bank, and Mineral Resources close at records, Austal sold off  The ASX 200 (ASX: XJO) continues to hit new records, moving 0.9% higher on Tuesday, with pent-up Queen’s Birthday demand behind the surge. Every sector in the market moved higher but it was healthcare behind CSL Limited (ASX: CSL), up 1.7%, and IT behind Afterpay Ltd (ASX: APT) up…

ASX moves higher, as every sector but energy improves, Woolworths’ takeover to go ahead   The ASX 200 (ASX: XJO) capped off another positive day on Thursday despite a fall in the oil price sending the entire sector down 1.1%. Every other sector was higher, barring materials, which finished flat, with real estate and IT once again leading…