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ASX finishes flat, border closures hit travel, AGL Energy downgrades, weaker open ahead The ASX200 (ASX:XJO) finished flat to begin the week, with news that US politicians finally agreed on a USD$900 billion stimulus package not enough to offset the NSW outbreak and subsequent border closures. Every sector was lower apart from materials and consumer staples, with the latter benefitting…
Winning streak hits seven weeks, A2 Milk (ASX:A2M) and Mesoblast (ASX:MSB) battered The ASX200 (ASX:XJO) managed to overcome a 1.2% fall to cap off the seventh straight week of gains, adding 0.5%. The IT sector continued to lead the way behind Afterpay (ASX:APT), finishing 5.9% higher, whilst energy lost 2.4% as the US economy appeared to weaken. The biggest…
Santa rally continues, all eyes on financials, Rex Airlines (ASX:REX) gets approved The ASX200 (ASX:XJO) finished 0.7% higher after a positive overseas lead, with every sector finishing higher. Attention once again turned to the technology sector, with BNPL players Afterpay (ASX:APT) and Zip (ASX:Z1P) finishing 4.2% and 6.7% higher. While these companies have been flagged as Australia’s technology leaders, the true nature of…
ASX 200 falls 0.4%, China flags iron ore concerns, Vicinity (ASX:VCX) confirms dividend A weak global lead pushed the ASX200 (ASX:XJO) down 0.4% today, with the China Iron and Steel Association flagging concerns about the ballooning iron ore price at the same time that maintenance hit export volumes in November. BHP (ASX:BHP) and Fortescue (ASX:FMG) bore the brunt down 2.3% and 3.1% respectively. Yet…
ASX 200 lifts as Wesfarmers (ASX:WES) and Afterpay (ASX:APT) hit records, IOOF acquisition waved through The ASX200 (ASX:XJO) continued its winning streak, adding another 0.3% on Monday as US futures ticked higher with the Pfizer (NYSE:PFE) set to be in use this week. It was a day of records that powered the market though, with…
Six consecutive weeks of gains, CSL (ASX:CSL) lower as vaccine pulled, Fortescue (ASX:FMG) overtakes ANZ Bank (ASX:ANZ) The ASX 200 (ASX:XJO) finished the week on a negative note, falling 0.6%, but managed to deliver its sixth straight week of gains, adding 0.1% over the five days. The majority of the weakness was driven by the 3.2% fall in CSL (ASX:CSL)…
ASX breaks seven day winning streak, AUD starting to bite, tech under pressure The ASX200 (ASX:XJO) couldn’t take it’s winning run beyond seven days once again, falling 0.7% on the back of weakness in the technology sector, down 2.1%. The weakness was twofold, with Facebook (NASDAQ:FB) facing US legal action seeking to have the company’s Instagram and…
ASX higher, Australian Super on the prowl, IPOs sink The ASX 200 managed to deliver another positive day in what has become an incredible end to the year. Yet the story changes on a weekly basis, with last week’s winners becoming this week’s losers. Today it was the consumer staples, +1.1%, and healthcare, +0.8%, sectors pushing the market…
ASX 200 starts the week higher, Metcash (ASX:MTS) smashes expectations, Rio, BHP near all-time highs, negative lead The ASX 200 (ASX:XJO) weakened throughout the day but managed a fifth straight positive session closing 0.6% higher. Once again, the majority of the buying pressure came from the commodities sector, specifically iron ore, after the price spiked another…
Five straight winning weeks for the ASX, Nuix (ASX:NXL) leads IPO frenzy The ASX 200 (ASX:XJO) adding 0.3% on Friday behind continued strength in the materials and financials sectors, sending the index to its five straight weekly gain, albeit just 0.5%. The standout by far was Sandfire Resources (ASX:SFR) which added 28.6% as copper prices…
Miners push ASX higher, iron ore hits seven year high, Macquarie (ASX:MQG) on the hunt The ASX200 (ASX:XJO) added 0.4% on Thursday almost entirely on the back of the iron ore and mining sectors. Fortescue Metals (ASX:FMG) and BHP Ltd (ASX:BHP) were the leaders adding 13.3% and 4.9% respectively after the price of iron ore surged to…
Choppy day for ASX200, recession is over, Pfizer (NYSE:PFE) vaccine approved in UK, soft open ahead It was a mixed day for the ASX200 (ASX:XJO), rallying strongly at the moment, falling 1% during the day but ultimately finishing flat. The materials sector was one of the few bright spots, with BHP Group (ASX:BHP) and Rio Tinto…
