asx today

 The S&P/ASX200 couldn’t overcome another negative lead from the US, with bond rates and reporting season driving the market again. Only two of the markets 11 sectors posted a positive result, with technology continuing its selloff falling 2.6% and the healthcare sector, down 1.6% also underperforming. Once again, energy remains the highlight as oil moved towards multi-year highs with the likes of Origin (ASX: ORG) benefitting…

The S&P/ASX200 managed to start the week on a relatively strong footing with corporates awakening from their slumber to deliver some first half updates. The energy and retailing sectors were the highlights on Monday, gaining 1.4 and 2.2% respectively. The biggest influence on the market was Wesfarmers (ASX: WES) which gained 2.6% despite delivering a ‘difficult’ trading update. Management reiterated their…

ASX falls, NAB down despite dividend, James Hardie profit triples The S&P/ASX200 (ASX: XJO) fell another 20 points of 0.2 per cent on Tuesday, with selling pressure among the banking sector the biggest detractor. Only materials, healthcare and tech companies were higher as we near the end of another reporting season. The financial sector was down by more than 1 per cent after the National…

ASX gains despite energy, Domino’s correction, higher costs bite There were multiple forces at play on Thursday after an unexpected increase in US oil stockpiles sent the price tumbling. The result was the energy sector falling 2 per cent driven lower by the likes of Beach (ASX: BPT) and Woodside (ASX: WPL) which fell 5.2 and 3.1 per cent respectively. On…

Tech succumbs to mining, ASX weaker, Tabcorp, Cochlear updates The S&P/ASX200 (ASX: XJO) weakened throughout the day ultimately finishing 0.1% lower with a resurgent technology sector (up 1.6%) unable to overcome a continued sell off in the mining (-1.4%) and energy sector. Annual meeting season is upon us with investor poring through announcements for more guidance into an increasingly uncertain economy. A2 Milk (ASX: A2M) and Zip…

Sell off continues, bond yields spike, Smartgroup under offer The S&P/ASX200 (ASX: XJO) recovered during the session finishing 1.1% lower after falling as much as 1.5%. The weakness came from a negative global lead with long-term bond yields spurring investors to act on comparatively high equity market valuations. In Australia, the 10-year bond yield has jumped from close to 1.0%…

ASX falls 1.5%, Origin’s Octopus win, energy boom The S&P/ASX200 (ASX: XJO) fell another 1.5% on Tuesday as a spike in bond yields in the US and a lack of clarity on the US debt ceiling put markets into a tailspin. Every sector was lower with healthcare the hardest hit, dragging down over 3% on the back of a 3.8% fall…

ASX falters, oil hits multi-year high, Domain’s record, central banks dominate The S&P/ASX200 (ASX: XJO) finished the week on a negative note, falling 0.4% dragged lower by the real estate sector, which fell 2.1%. The materials sector continued its recent weakness, down 1.3% behind another 1.7% fall in BHP (ASX: BHP) despite the iron ore price finally settling. The real estate sector sold off heavily seemingly on the…

Rally continues despite dividend drag, Premier profit doubles The S&P/ASX200 (ASX: XJO) continued its strong recovery adding another 1% on Thursday after the Federal Reserve committed to continue bond purchases until at least the end of the year. The strength was broad-based with every sector finishing higher, tech, energy and utilities were the highlights with each jumping…

Risk reduced, Evergrande default delayed, Zip’s expansion Amid growing concerns that the S&P/ASX200 (ASX: XJO) was set for a significant sell off, positive news from China saw the market rally throughout the session. The market ultimately finished 0.3% higher with materials and mining adding 2%, starting to recoup the losses of the last few weeks. Yesterday’s losers were today’s winners,…