ASX

ASX to open higher on US policy, mining sell off, Woolworths (ASX:WOW) drinks demerging, Platinum (ASX:PTM) delivers performance fee The ASX200 struggled to keep up with the positive US lead, falling 0.9% in the session with a number of companies going ex-dividend key to the weakness. Despite having no impact on the companies’ operations, the payment of…

Upcoming floats for February The IPO market is still running hot, with a handful of initial public offering (IPO) hopefuls hitting the boards this month – and some recording stellar price increases. Following-on from the strong IPO momentum from late last year, 2021 is shaping-up to be another cracking year, assuming volatility remains muted. From 1 December 2020…

ASX on the cusp of five months of gains, Seek (ASX:SEK) sold off on split, energy sector boom The ASX200 (ASX:XJO) rallied 0.9% on Tuesday, overcoming a weak start with the energy and oil sector powering the market higher. Woodside Petroleum (ASX:WPL) and Origin Energy (ASX:ORG) added 5.7% and 3.6% respectively after the oil price gained 4% overnight on signs…

ASX200 lower on bond rates, Crown (ASX:CWN) to face commission, Costa Group (ASX:CGC) boosted by avocados  The ASX200 finished 0.2% lower on a mixed day for the market, with resources and materials leading the way adding 2.6% ahead of a bumper dividend season. Most of the weakness came from the healthcare and IT sectors as the 10-year…

Tough finish to the week, Cochlear (ASX:COH) rallies despite taking a hit, QBE Insurance (ASX:QBE) reports billion dollar loss The ASX200 (ASX:XJO) dropped 1.3% on Friday, sending the benchmark to a 0.2% loss for the week despite a strong series of company reports. Friday’s weakness was driven by the energy sector, which fell 3.6% and mining, -2.4%,…

ASX finishes flat, CSL (ASX:CSL), Wesfarmers (ASX:WES) delivers again, Fortescue (ASX:FMG) delivers record dividend The ASX200 (ASX:XJO) finished flat for the day, but with growing dispersion in underlying company performance. Treasury Wine (ASX:TWE) lead the way, jumping 17.5%, but it was healthcare company CSL (ASX:CSL) that contributed most with the consumer discretionary (+0.6%) and the healthcare (+2.0%) the few winners. Unemployment…

ASX down 0.5%, reporting season peaks, Coles (ASX:COL), Woolworths (ASX:WOW) sold off The ASX200 (ASX:XJO) fell 0.5% on what was one of the busiest days of reporting season, with 20 companies releasing either half-year or quarterly updates. The consumer staples sector was the biggest detractor, falling 3.5% on fears that recent trends will slow, with the property sector…

ASX hits 11-month high, BHP (ASX:BHP) delivers record dividend, Ansell (ASX:ANN) riding the COVID wave  The ASX200 (ASX:XJO) reached an 11-month high and is now nearing 7,000 points once again, with the energy and materials sectors powering the recovery. Zip Co. (ASX:Z1P) continued its stellar 2021 run, adding 10.0% and taking the year-to-date gain to 160%. The company…

ASX heads higher, JB Hi-Fi’s (ASX:JBH) dividend bonanza, Zip Co (ASX:Z1P) hits all-time high  The ASX200 (ASX:XJO) started the week on a strong footing, jumping 0.9% to open the week with all but the interest rate sensitive sectors of property and utilities heading higher. Whilst reporting season is in focus, Zip Co (ASX:Z1P) was by far the biggest highlight,…

Lockdown 3.0, ASX finishes 0.5% lower, Baby Bunting (ASX:BBN) riding COVID-19 boom The ASX200 (ASX:XJO) finished 0.6% lower on Friday, dragging the market to 0.5% for the week. The news of the day was the snap five-day lockdown in Victoria, which naturally sent the industrials sector to significant losses, Qantas (ASX:QAN) fell 4.8% and Webjet (ASX:WEB) 3.9%. Over the week, it…