sharemarket

ASX gains on travel boost, inflation expectations tempered, but confidence key The ASX200 (ASX:XJO) finished the week strongly, adding 0.8% on Friday, enough to deliver the second straight week of gains. Stimulus was at the top of the agenda this week, with a combination of comments by the Reserve Bank of Australia and the Federal Government setting the direction of markets….

ASX stronger, Greensill risk expands, Vocus (ASX:VOC) deal confirmed  The ASX200 finished 0.5% higher in a mixed day for the market, with the IT and materials sectors remaining the primary drags on performance. The industrials sector which includes a number of infrastructure and more cyclical companies was the highlight, adding 1.1% with the likes of Transurban Group (ASX:TCL) and Sydney…

ASX finishes higher on volatile day, US stimulus passed, Treasury Wine (ASX:TWE) now a takeover target The ASX200 (ASX:XJO) rallied strongly on the Labour Day public holiday for Victorians, opening 1.7% higher but giving up gains during the session to finish a more modest 0.4% higher. Much of the positive moves were driven by the materials sector,…

ASX down but positive week, energy shines, asset management dispersion  The ASX200 (ASX:XJO) fell 0.7% on Friday but managed to deliver a positive return for the week, finishing 0.6% higher. The commodities sector was hardest hit on Friday, falling 2.0%, with the IT sector continuing to fall as valuations are reset in response to higher bond rates….

ASX down as dividends rule the day, retail sales recover but Myer (ASX:MYR) smashed The ASX200 (ASX:XJO) fell another 0.8% on Thursday, dragged down by a flurry of major companies paying out dividends. The likes of BHP Group (ASX:BHP), CSL (ASX:CSL), and Rio Tinto (ASX:RIO) fell 3.1%, 4.2%, and 6.2% respectively as they paid out billions of dollars in dividends to income starved…

RBA comments push market lower, energy, iron ore prices fall, A2 Milk jumps 8% The ASX200 (ASX:XJO) gave up a strong open, trading as much as 1% higher, to finish down 0.4% for the day. With reporting season having come to an end, investors are now watching economic and central bank data intensely for any signs of…

ASX to open higher, strong US lead, Commonwealth Bank (ASXLCBA) hit with ASIC investigation The ASX200 (ASX:XJO) finished 1.7% higher to start the week, rebounding quickly from Friday’s so-called ‘bloodbath’. Once again, market volatility was met with reassuring language from central banks and positive news around the vaccine rollout. The Reserve Bank of Australia confirmed that they would be…

Tough finish to the week, Cochlear (ASX:COH) rallies despite taking a hit, QBE Insurance (ASX:QBE) reports billion dollar loss The ASX200 (ASX:XJO) dropped 1.3% on Friday, sending the benchmark to a 0.2% loss for the week despite a strong series of company reports. Friday’s weakness was driven by the energy sector, which fell 3.6% and mining, -2.4%,…

ASX hits 11-month high, BHP (ASX:BHP) delivers record dividend, Ansell (ASX:ANN) riding the COVID wave  The ASX200 (ASX:XJO) reached an 11-month high and is now nearing 7,000 points once again, with the energy and materials sectors powering the recovery. Zip Co. (ASX:Z1P) continued its stellar 2021 run, adding 10.0% and taking the year-to-date gain to 160%. The company…

ASX heads higher, JB Hi-Fi’s (ASX:JBH) dividend bonanza, Zip Co (ASX:Z1P) hits all-time high  The ASX200 (ASX:XJO) started the week on a strong footing, jumping 0.9% to open the week with all but the interest rate sensitive sectors of property and utilities heading higher. Whilst reporting season is in focus, Zip Co (ASX:Z1P) was by far the biggest highlight,…