earnings

AGL CEO had enough, Brambles keeps shipping, markets break losing streak  The ASX200 (ASX:XJO) broke a two-day losing streak, shooting 0.8% higher as business conditions and investment intentions hit their highest level in 27 years. The energy and IT sectors were the main laggards, with energy falling 0.6% as India reported the highest number of new cases…

ASX pares losses, defensives in favour again, Nuix downgrades again  The ASX200 (ASX:XJO) trimmed losses to just 0.3% despite falling as low as 1.6% during the session. The selling pressure was driven primarily by the energy and property sectors as concerns about spiking global COVID-19 cases impacted confidence. The recently listed Nuix Ltd (ASX:NXL), a big data and analytics…

ASX struggles to another record, Sims upgrades guidance, lithium giants to merge The ASX200 (ASX:XJO) struggled to another record close, finishing just three points higher as a sell off in the energy sector, down -1.4%, offset gains in the mining sector, +0.8%. The news of the day was the planned merger between Australia’s pureplay lithium miners, Orocobre (ASX:ORE) and Galaxy (ASX:GXY),…

ASX hits new high, value rotation continues, car sales spike The ASX200 finished another 0.6% higher on Wednesday, reaching the highest point since February last year but still some way off the all-time high of 7,199 points. Once again it was the energy and materials sectors boosting the market as a flood of more positive economic news…

ASX delivers a gain, AMP CEO to resign, wealth platforms take a major hit  The ASX200 (ASX:XJO) managed to register a slight gain, finishing 0.2% higher behind strength in the banking and healthcare sectors, with National Australia Bank (ASX:NAB) up 0.5% and CSL (ASX:CSL) 1.4% amid a search for quality. The news of the day was the rumoured departure of ‘saviour’…

Global markets drop, ASX200 down most in five months, Orica (ASX:ORI) and Afterpay (ASX:APT) smashed The ASX200 (ASX:XJO) fell 2.4% on Friday, the worst daily fall in five months, taking the weekly performance down 1.8% but still managed to deliver a 1% return for February. On Friday it was all about tech or anything that has benefitted…

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…

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 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,…

Earnings season begins, Challenger (ASX:CGF) reverses recent gains, Crown Ltd (ASX:CWN) locked out The ASX200 fell 0.9% as reality sets in after what had been an incredibly strong few weeks. Every sector finished lower lead by yield plays in property and utilities, off 2.1% and 1.4% respectively. All eyes will be on Crown Ltd (ASX:CWN) once it recommences trading after…