sharemarket

As we say goodbye to a volatile financial year, most investors are glad it’s over and can’t wait to say hello to FY23. Markets will be hoping that this new financial year will bring about calmer trading conditions with fewer geopolitical tensions and no devastating pandemics.

Following two years of heightened volatility, brokers are already out making grand declarations and stock predictions of what will transpire in the new financial year. Macquarie, one of the first to put together its dream portfolio built to survive a recession, believes the bear market we are currently experiencing is split into two parts.

A look at some of the broker calls following the end of “confession season” where listed companies seek to get guidance and upgrades out ahead of their full-year reports.

The S&P/ASX 200 Index is considered to be one of the benchmark Australian indexes. Most will know what the index represents. However, the composition, such as sector and company weightings, may surprise even seasoned investors.

The latter half of 2021 and the majority of 2022 have been among the most challenging periods for investors in several decades. The traditional balanced portfolio, defined as one that holds 40 per cent of assets in government bonds and 60 per cent in indexed equities, is on track for the sixth-worst beginnings to a year in the last century.

The local market managed to deliver another strong day, the S&P/ASX200 finishing 0.9 per cent higher. Five sectors were lower, albeit only slightly, with consumer discretionary the biggest detractor on concerns that higher interest rates will cut disposable incomes. This sent the likes of JB Hi-Fi (ASX: JBH) and Zip Co (ASX: ZIP) down 3.9 and…

A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the ASX gaining 1.9 per cent to begin the week. Every sector was higher, with energy and financials gaining 2.6 per cent each, buoyed by hopes that rate hikes may not be as aggressive as…

The local market has reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday which took the S&P/ASX200 to a weekly gain of 1.6 per cent. The rally was powered by the unloved sectors in technology, property and retailers which were up 6, 2.5 and 2.2 per cent respectively as lower…

Young investors are seemingly undeterred by the equity market volatility, according to share trading app Pearler. Pearler claims that on average, eight out of ten trades by its young customers are on the buy-side, versus two trades on the sell-side.

Following the IPO bonanza in 2021, it looks like much of the strong, positive momentum failed to materialise in 2022. The IPO market in 2021 recorded the highest number of new floats in a decade, more than the previous two years combined.