ASX

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…

Blistering start slows, ASX down 0.9%, bond rates higher, Bitcoin falls 20% After a blistering opening to the year in which the ASX200 (ASX:XJO) added 2.6%, attention once again turned to the economic outlook, sending the ASX200 down 0.9% on Monday. Every sector but energy weakened, with the IT sector the hardest hit falling 2.2%, Afterpay (ASX:APT) a key detractor down…

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…

It has been a tough 18 months on the share market for Inghams Group, but things could be starting to turn for Australia and New Zealand’s largest integrated poultry producer. Inghams is one of those classic disappointments for shareholders, in that the stock looked to be going great guns, but hit unexpected turbulence and gave…

Following forceful questioning by shareholders at its annual meeting last month, comes news that a class action against IOOF, undertaken by Shine Lawyers, has progressed through the funding stage. A previous proposed action, through lawyers Quinn Emanual, was dropped early this year. Patrick Liddy, the principal of MSI Group consultants, and Shine Lawyers have been…

With the onset of COVID-19 and the lockdowns that followed, the move to digitisation became one of necessity rather than choice. Traditional bricks-and-mortar retailers shifted online, triggering a frenzy of buy-now, pay-later (BNPL) vendors offering solutions to eventually replace physical cash. And quietly working in the background is the backbone supporting this transition: 5G. In…

Geoff Wilson of Wilson Asset Management fame and the Stock Brokers and Financial Advisers Association have joined with the SMSF Association in attempting to get fairer access for small investors in company capital raisings. ASIC is in their sights. In a webinar organised by the SMSF body yesterday (November 25), coinciding with SMSF Week, Geoff…