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After a bruising 6.4% loss in January, the Australian share market is trying to pick up the pieces, with Thursday being its sixth positive session in eight trading days so far in February, and a third straight gain. The benchmark S&P/ASX 200 index gained 20.2 points, or 0.3 per cent, to 7,288, while the broader All Ordinaries also closed about 0.3 per cent…

The S&P/ASX200 continued a recent strong run gaining another 1.1% on Wednesday with Commonwealth Bank (ASX: CBA) a key contributor. The financial and technology sector are seeing strong support as earnings season steps up another gear, they gained 2.6 and 4.2% respectively. In an about-face from recent weeks, the energy and material sectors underperformed after BHP (ASX: BHP) fell due to another warning…

The S&P/ASX200 recovered the ground lost on Monday, increasing 1.1% on Tuesday as the iron ore price showed no signs of slowing down. Having oscillated between a new commodity supercycle and a bear market, a resumption of steel production supported a 2.2% jump in the materials sector and 3.7% for BHP Group (ASX: BHP). Every other sector was higher barring technology, which fell…

The S&P/ASX200 managed a solid fightback during the session falling as much as 1% at the open but finishing down just 0.1% for the day. There were only three sectors higher, being energy, materials and technology gaining 1.6, 0.8 and 0.6% respectively, whilst the healthcare and real estate sectors both fell 1.3%. Among the largest drags on the market, today was ANZ Banking Group (ASX: ANZ)…

The S&P/ASX200 looked beyond the sharp selloff in technology stocks overnight to post a 0.6% gain on Friday. The result was broad-based with almost every sector higher, with materials, energy and technology all finishing over 1% in the black. This came despite Meta’s massive selloff in the US session. Boral (ASX: BLD) shares fell 41.8%, representing the amount of the capital return and special…

The S&P/ASX200 fell throughout the day, finishing 0.1% lower with all eyes on the Morningstar Investment Conference. The technology sector carried most of the selling pressure, falling 5.9% in a single session, with utilities and materials the only sectors settling higher. Popular lithium miner Novonix (ASX: NVX) fell close to 15% despite any news on the company, with numerous other technology names not far behind. Xero…

It was another strong day for the S&P/ASX200, overcoming negative sentiment around valuations and inflation to deliver another 1.2% gain. Almost every sector finished higher, with utilities the primary underperformer after Origin Energy (ASX: ORG) dropped 2.6%. The standout was energy once again, gaining 2.8% and materials, which finished 2.0% higher as investors flocked to both construction material providers, Boral (ASX: BLD)…

 It was another positive day for the market, with the S&P/ASX200 gaining 0.5% after the Reserve Bank confirmed it would be taking no action on rates once again. Concerns about a slowdown in global growth have seen a recovery in the more rate-sensitive sectors of the market with technology and utilities leading the way again, gaining 2.6 and 2.4% respectively. Materials were…

 The S&P/ASX200 wasn’t able to capitalise on the strong finish in the US on Friday, continuing to underperform the world’s largest market falling 0.2%. Financials were the biggest detractor falling 1.8% with the likes of Commonwealth Bank (ASX: CBA) and Macquarie (ASX: MQG) falling 2% each. The rally was squarely in the beaten-down technology and retailing sector, up 3.7 and 1.3% with Zip Co (ASX:…

Australian investors had some respite on Friday, as volatility disappeared and the S&P/ASX200 gained 2.2% to finish the week. There was little news driving the rebound, aside from perhaps the realisation that whilst rates may rise sooner than expected, they remain fixed near zero. CSL (ASX: CSL) was a major contributor, gaining 3.2% after a difficult week, but it was…