asx today

Market fights back, APA bids for AusNet, iron ore stems the flow The S&P/ASX200 (ASX: XJO) looked to be moving into correction territory this morning, opening broadly lower and continuing the weak global trend. The market fell as much as 0.3% before finishing the same amount higher. Concern continues to grow about the outlook for the global economy but…

Correction continues, iron ore futures hit US$90, Ausnet takeover The S&P/ASX200 (ASX: XJO) suffered its worst day since February falling 2.1% on the back of ongoing weakness in the commodity sector. The market hit its lowest point in three months with just ten stocks out of two hundred finishing in the positive, including Boral (ASX: BLD) which added 0.3%….

ASX flat despite iron ore falls, IRESS deal pulled, AMP’s new low The S&P/ASX200 fell 0.8% on Friday erasing the week’s gains and ultimately leaving the index down three points for the week. After being the hottest sector for most of the year, the materials and mining companies continue to drag the market lower. On Friday it was all about iron ore with…

RBA spurs turnaround, energy sector surprise, Brambles profit hit The S&P/ASX200 (ASX: XJO) experienced a choppy session, initially falling 0.4%, before trading 0.5% higher but ultimately closing with a gain of just 12 points. Six of the 11 major sectors were higher led by energy which had its strongest day in seven months, gaining 4.4%. An oil…

Buyers emerge, base commodities rally, blue chips weaken Dip buyers emerged on Friday after the week’s significant sell off with the S&P/ASX200 (ASX: XJO) finishing 0.5% higher. Almost every sector was higher barring healthcare which fell 0.7% after outperforming on Thursday, but by far the highlight was another rally in base commodity companies. Everything from aluminium to…

ASX shocker, flight to quality, smaller companies sold off The ASX200 (ASX: XJO) suffered its worst day in months falling 1.9% with 95% of the largest 200 companies share price’s dropping. Every sector was lower and significantly so, with the major selling pressure hitting the popular smaller companies, technology, and consumer sectors. The tech sector fell 3.2% on the back…

ASX weaker, Macquarie stands out, gas merger to go green The ASX200 (ASX: XJO) fell 0.2% on Wednesday continuing the negative week with materials continuing to push the market lower, down 1%. Real estate was also hit with the likes of Goodman Group (ASX: GMG) down 2.1% on higher bond rates. The highlight was the financial sector which finished 10.6% higher as Macquarie (ASX:…

ASX higher as dividends rain, three new highs, AMA in trading halt The ASX200 (ASX: XJO) finished the week on a positive note, adding 0.5% with the market finish up the same amount of the five days. On Friday it was all about resources and utilities, with Alumina (ASX: AWC) jumping 6.7% on a booming aluminium price and lithium miner Orocobre (ASX: ORE)…

Reporting season sends ASX lower, Appen, A2M tank, Woolworth’s surprise buyback The ASX200 (ASX: XJO) pushed lower on Thursday as the reporting season losers outweighed the winners. All eyes were on the consumer sectors with staples falling 0.8% and discretionary adding 0.3% as Woolworth’s (ASX: WOW) delivered a strong result. Two midcaps popular with brokers and DIY investors alike…

Tech powers record week, iron ore price tumbles, records everywhere The ASX 200 (ASX: XJO) overcame another 8% fall in the iron ore price to deliver a 0.4% gain on Friday, ultimately taking the weekly increase to 2%. Afterpay Ltd (ASX: APT) capped off an incredible week with another 5.5% gain, but it was all about News Corporation (ASX: NWS) which jumped…