ASX

The domestic market was buoyed by a jump in the iron ore price as Chinese lockdowns continue to ease with the S&P/ASX200 gaining 1 per cent on the back of a 2.5 per cent jump in the materials sector. Only the staples sector finished lower, falling 1 per cent behind a 1.1 per cent fall…

The domestic market is slowly chipping away at recent losses, with the S&P/ASX200 gaining another 0.3 per cent on Tuesday behind a rally in the energy and utilities sectors. The energy sector was buoyed another 2 per cent by a rally in the oil price amid signs that Chinese demand may recover, with both Woodside…

The local market finished the week on a high note, gaining 1.9 per cent on the back of an incredible surge in the technology sector. The mid-session turnaround in the Nasdaq pushed the technology sector to a 6.9 per cent gain after the US-listed payment provider and owner of Afterpay, Block (ASX: SQ2) gained 15…

The technology sector all but sunk the local market today with the S&P/ASX200 sinking 1.8 per cent on the back of an 8.2 per cent fall in the sector. Every other sector was lower, with energy and real estate down more than 2 per cent and financials outperforming by falling just 0.8 per cent. Just…

The local sharemarket followed global markets lower, with the S&P/ASX200 opening as much as 2.5 per cent lower. The day’s trade was a story of the weight of numbers, with every sector barring communication finishing lower, but more companies gaining than falling. The size and scale of weakness in energy and commodities, down 2.1 and…

There are few signs that the global selloff is slowing down, with a weak US lead on Friday contributing to another 1.2 per cent fall on the S&P/ASX200. The threat of higher interest rates and inflation are now been compounded by news that the Chinese government had extended lockdowns in key capital cities potentially adding…

The local market closely followed the global lead with the S&P/ASX200 experiencing its worst session since Russia invaded Ukraine. All 11 sectors of the market were lower with technology and real estate the hardest hit, down 4.5 and 3.4 per cent for the day, whilst consumer staples naturally outperformed, falling just 0.2 per cent behind…

News that Beijing was set to follow Shanghai into massive lockdowns to avert the threat of Omicron sent global share markets into a shockwave in this shortened week. The S&P/ASX200 fell another 2.1 per cent with every sector lower, led by the materials and energy sectors which fell 5.1 and 4 per cent respectively. The…

It was another weak day for the local market with every major sector falling on Tuesday and dragging the S&P/ASX200 down another 0.4 per cent. The primary driver remains the oil price, which fell by 4 per cent, and the surging bond yields impacting valuations. This trend has benefitted the gold mining sector which contributed…

April has begun just as March finished, with the domestic market rallying on what was generally stock-specific news. The S&P/ASX200 gained 0.3 per cent despite a broad spread of performances, with six sectors higher led by utilities, up 1.1 per cent, whilst tech and materials also rallied 1 per cent; Fortescue (ASX: FMG) was a…