Sharemarkets

Another winning day despite Sydney lockdown, Boral offer increased, US infrastructure boosts commodities The ASX 200 (ASX: XJO) delivered another strong day, finishing 0.5% as it followed a strong US lead. This time it was news of President Biden receiving approval for his infrastructure package, which pushed the materials sector 1% higher. Every sector barring consumer staples (-0.8%) and…

ASX finishes at fresh record, shrugs off inflation threat, tech, gold rally The ASX 200 (ASX: XJO) finished +0.1% on Friday, taking the market 0.2% higher for the week and ultimately finishing at another all-time high. On Friday, it was the gold miners responding to the expected inflation data in the US. Resolute Mining Limited (ASX: RSG) and Newcrest Mining Ltd (ASX:…

ASX hits 14-month high, ANZ dividend surprise, Nearmap upgrades revenue guidance  The ASX200 (ASX:XJO) reached a 14-month high, adding 0.4% and once again nearing a record. The primary driver was the healthcare sector, up 1.1%, with key constituent CSL (ASX:CSL) up 2.4% offering the majority of the support. Private hospital, imaging, and COVID-19 testing firm Healius (ASX:HLS) finished flat despite reporting…

RBA holds rates, property lending boom, Seek upgrades guidance, retail recovery on track It was another green day on the market with the ASX200 (ASX:XJO) adding 0.5% on the back of the materials sector, with the gold price jumping significantly. Silverlake Resources (ASX:SLR) and Northern Star (ASX:NST) were among the biggest beneficiaries adding 7.9% and 4.0% respectively. The…

Tech sell off weighs on ASX, Challenger downgrades earnings, Latitude finally lists The ASX200 (ASX:XJO) moved further from a record close as a weak global lead and a bevy of early earnings updates sent the market 0.7% lower. The only highlight was the telecommunications sector which added 0.2%, with IT and healthcare falling over 1% each as…

Markets weaken, Webjet raises $250m, lithium jumps as production ramps up The ASX200 (ASX:XJO) fell 0.3% to begin the week, struggling to overcome a weak overseas lead with a lack of material announcements for the local market. All eyes were on Federal Reserve Chair Jerome Powell’s 60 Minutes interview overnight in which he highlighted that the US economy is…

ASX up 1.7% for the week, all action at the CEO-level of AMP and TPG, battery stocks on the charge  The ASX200 (ASX:XJO) finished the day 0.5% higher, with every sector but healthcare delivering a positive return. Telecommunications and IT were the highlights, finishing 1.3% and 1.2% higher, with a 2.4% jump in Telstra (ASX:TLS) offsetting a 6.7% fall…

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 finishes flat, CSL (ASX:CSL), Wesfarmers (ASX:WES) delivers again, Fortescue (ASX:FMG) delivers record dividend The ASX200 (ASX:XJO) finished flat for the day, but with growing dispersion in underlying company performance. Treasury Wine (ASX:TWE) lead the way, jumping 17.5%, but it was healthcare company CSL (ASX:CSL) that contributed most with the consumer discretionary (+0.6%) and the healthcare (+2.0%) the few winners. Unemployment…

Market falls flat, Telstra (ASX:TLS) affirms dividend, AMP (ASX:AMP) offer pulled The ASX200 (ASX:XJO) fell 0.1% on Thursday as reporting stepped up another level. The IT sector fell 2.1% giving up recent gains, whilst Woolworths (ASX:WOW) fell 0.9% sending the consumer staples sector lower as the rotation into more cyclical sectors continued. AMP (ASX:AMP) was a major detractor, falling 11.0%,…