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The local sharemarket advanced for a fourth straight day on Thursday, with a strong performance by the energy and mining sectors outweighing losses by three of the big four banks. The benchmark S&P/ASX200 index closed up 34.2 points, or 0.5 per cent, to 6845.1, with the broader All Ordinaries rising 37.2 points, also 0.5 per cent, to 7042.3. Driving Thursday’s…

The local share market managed a small gain on Wednesday despite the latest inflation reading surprising on the upside, raising the possibility that the Reserve Bank of Australia (RBA) could become more aggressive on rate hikes. The benchmark S&P/ASX200 index finished Wednesday up 12.3 points to 6810.9, a gain of 0.2 per cent, while the broader All Ordinaries index climbed 11.4 points,…

The Australian share market crept higher on Tuesday ahead of the second Budget statement of the year, with the benchmark S&P/ASX 200 Index adding 19.2 points, or 0.3 per cent, to 6798.6, while the broader All Ordinaries rose 15.3 points, or 0.2 per cent, to 6993.7. Every sector was up except for energy and mining, in which investors were busy assessing…

The miners led the local market higher on Monday, with the S&P/ASX 200 Index advancing 1.5 per cent, or 102.6 points, to 6779.4, while the broader All Ordinaries gauge ended up 108.5 points, or 1.6 per cent, to 6978.4. Gold stocks were prominent in the rise, after the yellow metal’s 1.8 per cent gain to $US1,658 an ounce in New…

A sustained rally in the energy sector, which finished 2 per cent higher on Friday, wasn’t enough to reverse broader losses with the S&P/ASX200 ultimately finishing 0.8 per cent lower. The utilities and real estate sectors were the hardest hit, falling 2.3 and 1.8 per cent on growing concerns about the regulatory environment for the…

Thursday saw a retreat from the benchmark S&P/ASX 200 Index, which dropped 69.4 points, or 1 per cent, to 6370.7 points, while the broader All Ordinaries Index surrendered 81.1 points, or 1.2 per cent, to 6,918.7. The bond market sell-off extended as benchmark risk-free US 10-year bond yields added 2 basis points to 4.15 per…

The Australian share market backed-up its Tuesday effort with a solid performance on Wednesday, with the benchmark S&P/ASX200 index gaining 20.9 points, or 0.3 per cent, to 6,800.1, while the 500-stock All Ordinaries index added 23.6 points, or 0.3 per cent, to 6,999.8. Among the big miners, Rio Tinto eased 26 cents, or 0.3 per cent, to $94.01; South32 slipped 8 cents,…

An ugly 2.4 per cent slide in the S&P 500 index on Wall Street at the weekend was never going to give the Australian market a boost as it opened the week, and so it proved, with the benchmark S&P/ASX200 index closing down 94.4 points, or 1.4 per cent, to 6664.4 on Monday, and the…

The S&P/ASX200 managed to offset the majority of the week’s losses on Friday, finishing 1.8 per cent higher on the back of a significant jump in the energy and utilities sectors. Every sector finished higher on the day. The likelihood of a disorderly transition of the energy sector and increasing oil prices globally supported energy…

The local market overcame selling pressure ahead of awaited US inflation data to post a small loss of 0.1 per cent. The financials sector was the standout, gaining 1.4 per cent, with the likes of National Australian Bank (ASX:NAB), up 2 per cent, buoyed by the improving profitability of Bank of Queensland which reported yesterday….