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ASX weakens as travel stocks fall on Brisbane lockdown

Brisbane lockdown hits ASX, Afterpay (ASX:APT) falls to three month low, travel stocks struggle The ASX200 (ASX:XJO) gave up a strong opening on US stimulus, ultimately finishing 0.1% lower after the Queensland Government announced a three-day lockdown of the city after community transmission of the UK COVID-19 variant was confirmed. The retail sector fell on the news, with Webjet (ASX:WEB)…

Investor Strategy News | 29th Mar 2021 | More
ASX rises as Suez Canal ship to be stuck for weeks

ASX up 1.7% for the week, all action at the CEO-level of AMP and TPG, battery stocks on the charge  The ASX200 (ASX:XJO) finished the day 0.5% higher, with every sector but healthcare delivering a positive return. Telecommunications and IT were the highlights, finishing 1.3% and 1.2% higher, with a 2.4% jump in Telstra (ASX:TLS) offsetting a 6.7% fall…

Investor Strategy News | 28th Mar 2021 | More
ASX edges up 0.2% as banks offset AMP and Afterpay

ASX delivers a gain, AMP CEO to resign, wealth platforms take a major hit  The ASX200 (ASX:XJO) managed to register a slight gain, finishing 0.2% higher behind strength in the banking and healthcare sectors, with National Australia Bank (ASX:NAB) up 0.5% and CSL (ASX:CSL) 1.4% amid a search for quality. The news of the day was the rumoured departure of ‘saviour’…

Investor Strategy News | 25th Mar 2021 | More
  • ASX closes higher as Australian dollar drops

    ASX powers ahead, lower bond yields, records broken at Premier (ASX:PMV)  The ASX200 (ASX:XJO) delivered once again, pushing higher with falling bond yields and a finally weakening currency, which is now under 76 US cents. The much-anticipated release of the economic Purchasing Manager Index or PMI results, which offer an indicator of spending and investment intentions, hit…

    Investor Strategy News | 24th Mar 2021 | More
    ASX ends Friday lower as energy stocks slump

    ASX sinks to first loss in a month, retailers powering ahead, materials weaker The ASX200 (ASX:XJO) finished the week on a negative note, falling 0.6%, delivering the first weekly loss in over a month, down 0.9%. It seems the number of divergent outcomes for 2021 is increasing by the day, with talk of an inflation spike, countered…

    Investor Strategy News | 21st Mar 2021 | More
    ASX trades down despite positive jobs figures

    ASX continues to weaken, unemployment surprises, NZ nearing second recession The ASX200 (ASX:XJO) finished another 0.7% lower on Thursday, with every sector but miners and retailers falling. Amongst the biggest detractors were the Commonwealth Bank (ASX:CBA) and CSL Ltd (ASX:CSL), down 1.6% and 1.9% respectively. The sell-off came despite what appears to be great news for the economy; the unemployment rate…

    Investor Strategy News | 18th Mar 2021 | More
  • ASX closes 0.5% lower on materials, bank weakness

    Market weakens, CBA enters BNPL space, Corporate Travel sell down The ASX200 (ASX:XJO) fell 0.5% on Wednesday, following a confluence of global factors. It was a mixed day with six of the eleven key industry sectors falling but energy and materials remaining under pressure. The iron ore price has remained strong, however, both BHP Group (ASX:BHP) and Rio Tinto (ASX:RIO) fell as other commodity…

    Investor Strategy News | 17th Mar 2021 | More
    ASX200 follows global markets higher

    ASX200 follows global markets higher, economic data flows, inflation of little concern, Metcash (ASX:MTS) continues to deliver The ASX200 (ASX:XJO) finished another 0.8% higher on Tuesday, with every sector but energy and materials delivering positive results for the day. CSL (ASX:CSL) continues to catch up on the market after a slow start to 2021, adding 2.3%. The company…

    Investor Strategy News | 16th Mar 2021 | More
  • ASX lifts a touch to overcome tech losses

    ASX delivers small gain, Future Fund leads renewables deal  The ASX200 (ASX:XJO) finished slightly higher, adding 0.1% to commence the week.  The IT sector continues to feel a great deal of selling pressure with Afterpay (ASX:APT) falling another 4.5% as investors continue to pivot towards more sustainable, undervalued sources of returns. The share price is now nearly 30% off…

    Investor Strategy News | 15th Mar 2021 | More
    ASX in weekly gain as travel sector gets a boost

    ASX gains on travel boost, inflation expectations tempered, but confidence key The ASX200 (ASX:XJO) finished the week strongly, adding 0.8% on Friday, enough to deliver the second straight week of gains. Stimulus was at the top of the agenda this week, with a combination of comments by the Reserve Bank of Australia and the Federal Government setting the direction of markets….

    Investor Strategy News | 14th Mar 2021 | More