asx 200

ASX at 11 month high, Fortescue’s (ASX:FMG) bumper dividend, Lynas (ASX:LYC) in deal with US Government The ASX200 (ASX:XJO) reached an 11 month high this week, adding 1.3% for the week despite falling 0.3% in late trading on Friday. The commodities sector remains key to the market strength, with rare earth miner Lynas Corp (ASX:LYC) jumping 13.7% on Friday…

The time seems right to review my investment strategy calls of 2020 and put forward some ideas on the most important action to take before the year comes to a close. In general, the big calls have delivered, particularly the decision to hedge any overseas exposure, with the A$ staging a remarkable rally on the…

ASX finishes higher, broker upgrades galore, Bingo (ASX:BIN) gets a private equity bid The ASX200 (ASX:XJO) finished 1.2% higher on Tuesday, benefitting from increasing corporate activity and a round of broker upgrades for mining and retail companies. The discretionary retailing sector finished 2.0% higher on the back of an 8.0% increase in Domino’s Pizza (ASX:DMP), whilst the industrials sector…

A rare losing week for markets, Tyro (ASX:TYR) takes a hit, Afterpay (ASX:APT) overtakes Telstra (ASX:TLS) The ASX200 (ASX:XJO) finished flat on Friday, sending the index to its first negative week in over a month, down 0.6%.  Afterpay Ltd (ASX:APT) was once again the standout, moving 10.0% higher and overtaking Telstra Corporation (ASX:TLS) as it moved to a market capitalisation…

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…

ASX200 slide continues, tech darlings under pressure, Altium (ASX:ALU) revenue falls, weaker open ahead The ASX200 (ASX:XJO) couldn’t hold sustain early gains, falling another 0.3% on Tuesday with the financial sector the only real positive. National Australia Bank (ASX:NAB) lead the sector higher adding 1.1% as signs of higher bond rates are likely to support higher net interest…

ASX struggles under COVID-19 weight, banks fall, retail sales recover The ASX200 (ASX:XJO) struggled today, falling 1.1%, as concern around the NSW COVID-19 outbreak weighed on sentiment at the same time that volumes fall ahead of the Christmas break. Every sector finished lower apart from healthcare, IT, and real estate, the latter benefitting from better than expected retail sales figures….

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…