Daily Market Update

The local market overcame a brisk selloff in giant healthcare group CSL (ASX: CSL) to post another 0.3 per cent gain. The consumer sectors were the key drivers, with staples and discretionary finishing 1.7 and 1.4 per cent higher respectively following Walmart’s strong report overnight. The property sector also benefitted from a strong report by…

The Australian share market is showing few signs of slowing down, delivering another positive day with a 0.6 per cent gain. Daily moves are being driven by a generally positive reporting season with the materials, up 1.7 per cent, the key winner alongside healthcare and consumer staples. Both energy and property retreated one per cent…

The local bourse opened the week on a positive note, gaining 0.5 per cent despite a more mixed day across the sectors. Energy and financials were the primary detractors falling 0.8 and 0.2, with reversals in Beach (ASX: BPT) and Bendigo Bank (ASX: BEN) which were down 11.1 and 8.4 per cent on weak updates….

The Australian market limped into the weekend, with the benchmark S&P/ASX200 index on Friday finishing down 38.5 points, or 0.54 per cent, to 7032.5, while the broader All Ordinaries lost 36.6 points, or 0.5 per cent, to 7288.8. The energy sector was the only shining light, up 2.3 per cent for its best day in almost…

Australian shares followed the US market higher on Thursday after the world’s largest economy reported easing inflationary pressures, helping to lower interest rate expectations. The benchmark S&P/ASX 200 gained 78.3 points, or 1.1 per cent, to close at 7,071 points, while the broader S&P/ASX All Ordinaries rose 86.7 points, or 1.2 per cent, to 7325.4 points. Most…

The local market gave up early gains to finish broadly flat on Thursday after a strong week in the market.

The local market has managed to overcome another 50-basis point rate hike by the Reserve Bank of Australia to post a small gain for the day despite trading lower throughout. The primary beneficiaries were the consumer sectors, with both staples and retailers up 1.2 and 1.4 per cent, while energy and materials fell by 0.9…

The positive run continued with the S&P/ASX200 gaining 0.7 per cent on Monday, the first day of August following a strong finish to July. Investors have clearly been buoyed by suggestions that the RBA will need to pare back rate hikes well before the expected 4 per cent level is reached. The result was a…

The local sharemarket delivered another positive week for investors with the S&P/ASX200 gaining 0.8 per cent on Friday taking the weekly gain to 2.2 per cent. Added to last week’s 2.8 per cent gain and the market is down just 6.7 per cent for the year. Every sector barring healthcare added to the strong result…

It was another strong day for the local market with the S&P/ASX200 gaining 1 per cent on the back of a broad-based rally. Materials and energy remained the standouts, gaining 2.4 and 1.3 per cent, with the utility sector down 1.8 as both AGL Energy (ASX: AGL) and Origin (ASX: ORG) slumped.   Macquarie Group (ASX:…

The S&P/ASX200 delivered the best week since March this year gaining 2.8 per cent despite weakening slightly on Friday. The driver has been a turnaround in the outlook for interest rates and signs of a slowing economy, with the tech sector up 7.1 per cent for the five days. On Friday it was all about…

The local market finished the week on a negative tone, falling 0.7 per cent and taking the five day loss for the S&P/ASX200 to 1.1 per cent. The biggest driver on Friday was a broad selloff in commodity markets following a weak economic growth result in China, the sector fell 3.2 per cent. Iron ore…