News

ASX falls on grocery retailers, Chinese business inflation hits record, Brickworks jumps on property   The ASX 200 (ASX: XJO) fell 0.3% on Wednesday, driven lower by the consumer staples sector, which was down 1.4%. The majority of the weakness came from Coles Group (ASX: COL) and Woolworths Group Ltd (ASX: WOW), with the latter down 1.9% as the rotation away from…

This year has brought on a flurry of initial public offerings (IPOs) ranging from new tech start-ups to BNPL platforms. There have been 51 new floats so far, with another 35 to come before the end of July. There were 27 listings in the last two months alone. The total figure for 2021 looks at this…

The Altium Limited (ASX: ALU) share price is going bananas right now after revealing a takeover offer from US software group Autodesk (NASDAQ: ADSK). Why is the Altium share price going nuts? The electronic PCB software business revealed that it has received a formal, non-binding, indicative and unsolicited takeover proposal from Autodesk. My colleague Lachlan Buur-Jensen was right when…

In a world of new asset classes, automation and sustainable earnings, there’s no better way to diversify than through exchange-traded funds. ETFs come in different shapes and sizes, including shares or bonds, domestic or international, small-cap or large-cap, hedged or unhedged.  ETFs are growing in popularity. According to Betashares, the Australian-listed ETF market hit $102.9…

Market records continue, materials weaker, activity grows in IT sector  The ASX 200 (ASX: XJO) added another 0.2% on Tuesday, with the materials sector the biggest detractor, falling 0.1% under the weight of BHP Group (ASX: BHP) and Rio Tinto (ASX: RIO).  The IT sector continues to surge, adding 1.3%, along with the real estate sector which jumped 1% on somewhat…

Negative start to the week, AUSTRAC on the prowl, takeovers galore The ASX 200 (ASX: XJO) finished down 0.1% on Monday, a negative start to the week driven lower by the financials sector, which fell 1.1%.  Elsewhere the retail sector was hit, falling 0.8% as the Melbourne lockdown continues, whilst the IT sector was the brightest light,…

The Australian market is in a world of its own, pushing ahead with a strong post-pandemic-led recovery while a rebound of the global economy is edging closer, and looks like it will come over the coming quarters. The team at DNR Capital Australian Emerging Companies Fund continues to select quality growth stocks for its Australian…

Thematically focused funds have been the big winners in fund flows in the past three years, but most themes have turned out to be fads, new research shows. According to Morningstar’s latest ‘Global Thematic Funds Landscape Report’, over the three years through March 2021, collective assets under management in the 1,349 thematic funds more than…

ASX finishes at record high, The Reject Shop downgrades, energy leads the week The ASX200 (ASX: XJO) broke 7,300 points for the first time, ultimately finishing up 0.5% on Friday and 1.6% for the week; three consecutive records. On Friday it was 4X4 parts supplier ARB Corporation Limited (ASX: ARB) and Origin Energy (ASX: ORG) leading the way, jumping 6.3% and…

ASX trades off high, retail sales higher, Wesfarmers flags tough comparables   The ASX 200 (ASX: XJO) finished at an all-time high, adding 0.6% on Thursday as the energy sector continued to rally. The energy sector was 3.3% higher along with utilities, up 2% again, whilst consumer discretionary was the only detractor, falling 1.1%. Worley Ltd (ASX: WOR), which…

Australia in rare air, ASX hits another record, Keypath IPO falls flat  The ASX 200 (ASX: XJO) has taken the mantle of overseas markets, hitting another record on Wednesday after moving 1% higher. The energy sector was the biggest contributor with the oil price hitting a two-year high in overnight trading, sending the entire sector up 4%…

The Australian stock market has long been known as the place to be for income-loving investors. Why? Because company dividend yields in Australia are amazingly high. The dividend yield for 2021 and 2022 is forecast to be 4%-5% plus franking, compared to cash rates and fixed-interest products yielding below 1%. According to Morningstar, S&P/ASX 200…