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Dividends drag market lower, record trade balance on commodities The ASX200 (ASX: XJO) finished around 0.6% lower as a swathe of dividend payments were extracted from the market. On a second level it was broadly mixed with materials and mining falling 2.5%, whilst staples and healthcare were both down similarly, around 1% each. The impact of dividend payments and ex-dividend…

September begins with a loss, GDP surprises again, Metcash sales weaken After delivering an eleventh straight month of gains by finishing 1.9% higher in August, the ASX200 (ASX: XJO) fell 0.1% to begin September. Given the busy month that was August market volatility will likely recede as investors turn to the outlook for vaccination rates and border…

ASX powers into close, quality rotation, commodities weaken The ASX200 (ASX: XJO) strengthened throughout the day to ultimately finish 0.4% higher following a positive lead from Wall Street. Quality remains the key as bond rates continue to fall with industrials and tech leading the market higher, up 1.2 and 1.9% with energy and utilities continuing to weaken as…

Mining sector buoys ASX, InvoCare, Altium slump The ASX200 (ASX: XJO) was once again buoyed by the materials sector with Fortescue’s (ASX: FMG) strong earnings result sending the stock 6.6% higher and the sector up 2.7%. Both financials and consumer discretionary remain under pressure, down 0.7 and 1.0% as reporting season comes to an end. It was all about FMG today, with the company…

Flat finish but positive week, Wesfarmer’s big dividend, losers keep losing The ASX200 (ASX: XJO) finished just 3 points lower on Friday but managed a 2.2% gain for the week. The discretionary sector dragged the market lower behind Wesfarmers (ASX: WES) which fell 1.6%, with Appen (ASX: APX) also dragging the IT sector lower (down 1.2%) falling 6.1% as investor desert the popular…

Rally continues, WiseTech up 50%, BNPL players weaken The ASX200 (ASX: XJO) continued its strong run despite a more mixed performance from those companies reporting today, adding 0.4%. The technology sector was the standout, up 1.9% after WiseTech Global (ASX: WTC) jumped 28.5%. The mining sector also recovered, up 1.4%, as the iron ore price showed signs of stabilising…

ASX higher as travel recovers, Kogan can’t live up to the hype, lockdowns hit Boral The ASX200 finished 0.2% higher on Tuesday, continuing the positive start to the week with energy and materials leading the way, up 2.8% and materials 0.8%. BHP (ASX: BHP) has started to recovery improving 1% as the iron ore price settles. It was a positive…

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…