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ASX gains 1% to close at two-week high

ASX overcomes iron ore fall, exports smash records, Victoria on tenterhooks  The ASX200 (ASX: XJO) managed to deliver another 1.0% gain on Tuesday despite the backdrop of what appears to be nine COVID-19 cases in the northern suburbs. Whilst borders are not yet closed, Qantas (ASX: QAN) and Flight Centre (ASX: FLT) weakened in a broadly stronger market. Utilities were the…
The Inside Investor | 26th May 2021 | More
ASX claws back ground after $41 billion nosedive

Shares bounce back, Victorian budget disappoints, mixed unemployment result The ASX200 (ASX: XJO) clawed back most of Wednesday’s losses, adding 1.3% on Thursday as the risk-on environment returned. The rally was powered ahead by the tech sector, 4.3% higher, along with property trusts, up 2.6%, and consumer discretionary stocks, up 1.7%. It was Qantas (ASX: QAN) that drove the…
The Inside Investor | 20th May 2021 | More
ASX drops 0.7% in second straight loss

Sell off continues despite budget, Qantas tanks on flight delays, CBA delivers  The ASX200 (ASX:XJO) fell 0.7%, the second straight negative session, pushed lower by utilities and energy companies, down 2.2% and 2.0% respectively. The Federal Budget which offers little in the way of future spending or policy direction was broadly in line with expectations, the deficit lower than…
The Inside Investor | 12th May 2021 | More
    • Flying kangaroo bounds ahead of itself

    One of the stocks most hammered by the COVID correction in February-March was Qantas, which plummeted from $6.67 to $2.14, a fall of 68%, as the effect of the pandemic on air travel began to sink-in to the market. Like most of its peers, Qantas found itself in “the most challenging period in its long…
    James Dunn | 11th Nov 2020 | More
    ASX shares update; market flat for the week, positive lead from the US, manufacturing recovering

    Market flat for the week, positive lead from the US, manufacturing recovering The ASX 200 finished 0.2% lower for the week, down just 0.1% on Friday, despite a strong US lead. Suncorp Group Ltd (ASX:SUN) was the highlight, beating expectations despite reporting a 33% fall in profit and finishing up 11% for the day. Over…
    Drew Meredith | 24th Aug 2020 | More
    ASX shares morning update; market to open strongly as tech rally continues

    Retailers at all-time highs, market to open strongly as tech rally continues The ASX 200 (ASX:XJO) fell another 0.8% today, as weaker than expected earnings result and more pessimistic view from the US Federal Reserve impacted sentiment. Most weakness came from the healthcare and financial sectors, representing a substantial portion of the market, however, the…
    Drew Meredith | 21st Aug 2020 | More