sharemarket

The local sharemarket delivered another positive week for investors with the S&P/ASX200 gaining 0.8 per cent on Friday taking the weekly gain to 2.2 per cent. Added to last week’s 2.8 per cent gain and the market is down just 6.7 per cent for the year. Every sector barring healthcare added to the strong result…

It was another strong day for the local market with the S&P/ASX200 gaining 1 per cent on the back of a broad-based rally. Materials and energy remained the standouts, gaining 2.4 and 1.3 per cent, with the utility sector down 1.8 as both AGL Energy (ASX: AGL) and Origin (ASX: ORG) slumped.   Macquarie Group (ASX:…

For Australian investors, the value of fully franked dividends will play a bigger part in client portfolios as dividend payments return to pre-pandemic levels. But that all depends on whether Australia has a soft or hard landing.

The S&P/ASX200 delivered the best week since March this year gaining 2.8 per cent despite weakening slightly on Friday. The driver has been a turnaround in the outlook for interest rates and signs of a slowing economy, with the tech sector up 7.1 per cent for the five days. On Friday it was all about…

Australia and New Zealand Banking Group will become the third largest domestic home lender after acquiring the banking division of competitor Suncorp Group Ltd for $4.9 billion.

The local market finished the week on a negative tone, falling 0.7 per cent and taking the five day loss for the S&P/ASX200 to 1.1 per cent. The biggest driver on Friday was a broad selloff in commodity markets following a weak economic growth result in China, the sector fell 3.2 per cent. Iron ore…

The local market managed another positive finish, gaining 0.4 per cent backed by an unexpected rally in the technology sector. Nine of the 11 sectors gained, with technology 2.1 per cent higher, with only real estate and financials detracting, down 1.1 and 0.8 per cent each. Shares in Netwealth (ASX: NWL) bucked the trend gaining…

It was another positive, but mixed, day for the local market with seven of the 11 sectors finishing higher and contributing to a 0.2 per cent gain. The dispersion between the winners and losers is beginning to narrow after an incredibly volatile period. On the positive side were the consumer and technology sectors, which gained…

For Australian investors, the value of fully franked dividends will play a bigger part in client portfolios as dividend payments return to pre-pandemic levels. But that all depends on whether Australia has a soft or hard landing.

The local market managed to overcome increasingly negative global sentiment ahead of an important US earning season that begins later this week, finishing 0.1 per cent higher. The stalwart blue chips were the standout with financials, consumer staples and healthcare increasing 0.7, 1.2 and 1.1 per cent respectively. The Commonwealth Bank (ASX: CBA) gained 1.2…