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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:…

Markets flat, RBA expects economy to ‘bounce back’, tech sector hit The ASX200 (ASX: XJO) finished broadly flat on Tuesday, struggling to find direction after the long weekend in the US. Materials remain the biggest drag on the index as steel production curbs in China continue to push shares in Fortescue (ASX: FMG) and Rio Tinto (ASX: RIO) lower by 3…

Market rallies on China hopes, Fortescue goes ex-dividend, Healthco spikes The ASX 200 (ASX: XJO) recovered from a loss of as much as 1% to register a five-point gain on Monday. Fortescue Metals Group (ASX: FMG) was the biggest drag on the market, falling $2.28 or 11% after paying out $2.11 in cash as a special dividend. A…

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)…

Dividends drag market lower, record trade balance on commodities The ASX200 (ASX: XJO) finished around 0.6% lower as a swathe of dividend payments were extracted from the market. On a second level it was broadly mixed with materials and mining falling 2.5%, whilst staples and healthcare were both down similarly, around 1% each. The impact of dividend payments and ex-dividend…

ASX powers into close, quality rotation, commodities weaken The ASX200 (ASX: XJO) strengthened throughout the day to ultimately finish 0.4% higher following a positive lead from Wall Street. Quality remains the key as bond rates continue to fall with industrials and tech leading the market higher, up 1.2 and 1.9% with energy and utilities continuing to weaken as…

Rally continues, WiseTech up 50%, BNPL players weaken The ASX200 (ASX: XJO) continued its strong run despite a more mixed performance from those companies reporting today, adding 0.4%. The technology sector was the standout, up 1.9% after WiseTech Global (ASX: WTC) jumped 28.5%. The mining sector also recovered, up 1.4%, as the iron ore price showed signs of stabilising…

ASX higher as travel recovers, Kogan can’t live up to the hype, lockdowns hit Boral The ASX200 finished 0.2% higher on Tuesday, continuing the positive start to the week with energy and materials leading the way, up 2.8% and materials 0.8%. BHP (ASX: BHP) has started to recovery improving 1% as the iron ore price settles. It was a positive…