stocks

ASX falls flat, travel stocks on fire, more disruption in energy sector  The ASX200 (ASX:XJO) once again failed to capitalise on a strong US lead, finishing the day flat. Once again, dispersion continues to increase with share price movements between companies and sectors elevated. Today it was the travel sector benefitting, with the industrials sector finishing 1.0% higher…

Gold miners surge, technology recovers, iron ore price down 6%, ASX lower The ASX200 couldn’t capitalise on the strong lead from US technology stocks overnight, falling 0.8% as the lack of growth opportunities came to the fore. Afterpay (ASX:APT) returned to strength jumping 7.5% after announcing the acquisition of Pagantis, a BNPL provider with a European presence.  All eyes, however,…

ASX down but positive week, energy shines, asset management dispersion  The ASX200 (ASX:XJO) fell 0.7% on Friday but managed to deliver a positive return for the week, finishing 0.6% higher. The commodities sector was hardest hit on Friday, falling 2.0%, with the IT sector continuing to fall as valuations are reset in response to higher bond rates….

ASX down as dividends rule the day, retail sales recover but Myer (ASX:MYR) smashed The ASX200 (ASX:XJO) fell another 0.8% on Thursday, dragged down by a flurry of major companies paying out dividends. The likes of BHP Group (ASX:BHP), CSL (ASX:CSL), and Rio Tinto (ASX:RIO) fell 3.1%, 4.2%, and 6.2% respectively as they paid out billions of dollars in dividends to income starved…

RBA comments push market lower, energy, iron ore prices fall, A2 Milk jumps 8% The ASX200 (ASX:XJO) gave up a strong open, trading as much as 1% higher, to finish down 0.4% for the day. With reporting season having come to an end, investors are now watching economic and central bank data intensely for any signs of…

ASX heads higher, JB Hi-Fi’s (ASX:JBH) dividend bonanza, Zip Co (ASX:Z1P) hits all-time high  The ASX200 (ASX:XJO) started the week on a strong footing, jumping 0.9% to open the week with all but the interest rate sensitive sectors of property and utilities heading higher. Whilst reporting season is in focus, Zip Co (ASX:Z1P) was by far the biggest highlight,…

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 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%…

Firmer finish for ASX, Afterpay (ASX:APT) on fire, China exports surprise The ASX200 (ASX:XJO) finished another 0.4% higher on Thursday with Afterpay (ASX:APT) a key contributor, jumping 9.7% and sending the entire tech sector up 4.7% for the session. The trigger appeared to be the listing of US competitor Affirm (NASDAQ:AFRM), which jumped 98% upon listing and seems to be bringing…

Blistering start slows, ASX down 0.9%, bond rates higher, Bitcoin falls 20%  After a blistering opening to the year in which the ASX200 (ASX:XJO) added 2.6%, attention once again turned to the economic outlook, sending the ASX200 down 0.9% on Monday.  Every sector but energy weakened, with the IT sector the hardest hit falling 2.2%, Afterpay (ASX:APT) a key detractor down…