The local sharemarket started the week strongly, with the All Ordinaries (ASX:XAO) managing a 0.5 per cent gain, and the S&P/ASX200 (ASX:XJO) up 0.6 per cent. The move was driven by positive sentiment in the materials and energy sectors, up 2 and 1.6 per cent, as acquisition activity continues to grow. This time it was…
 Both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) fell 0.4 per cent on Friday, but still managed to deliver a 2.3 per cent gain for the week. The mining and retailing sectors remain under significant pressure, despite news of stimulus from the Chinese banking sector. Shares in Fortescue (ASX:FMG) fell another 5.3 per cent after…
The S&P/ASX 200 index concluded up 0.1 percent and the All-Ordinaries index performed even better, edging up by 0.15 percent. The energy sector displayed the weakest performance, with Whitehaven Coal dropping 9 percent, and Woodside dropping4.1 percent, as both companies went ex-dividend on Thursday. On the other hand, the communication services sector emerged as the top performer, with Telstra, TPG Telecom, and Carsales all recording gains of…
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The S&P/ASX 200 concluded up 1.2 percent, and the All Ordinaries also rose by 1.2 percent. Australia’s monthly consumer price indicator yielded an unexpected outcome on Wednesday, fuelling the share market to achieve its most robust single-day surge in over six weeks. The inflation gauge for July exhibited a drop to 4.9 percent from June’s 5.4 percent, catching numerous…
The S&P/ASX 200 finished lower on Monday down 0.5%, mirroring the subdued sentiment across Asia due to China’s central bank delivering a rate cut that fell short of investor expectations. The S&P/ASX 200’s weakest performers on Monday were information technology and consumer staples. Iress experienced the most significant fall, down 35.6 percent, after the company suspended its interim dividend…
The S&P/ASX 200 eked out a mere 2.1 points increase on Friday, which helped reduce its weekly decline to 2.6%. This marks the most significant weekly drop in the Australian stock market since September 2022. The mining sector bore the brunt of the markets downturn, plummeting 4.3% throughout the week due to a series of weak economic…
The S&P/ASX 200 Index plummeted -1.5 percent on Wednesday, reaching its lowest point in a month as all 11 sectors fell off the back of stronger US retail spending, and weak Chinese data. Stronger-than-expected retail spending from the US heightened concerns that the Federal Reserve may need to sustain higher interest rates to control inflation. US retail…
Winners were few and far between on the share market (ASX:XJO on Friday, with the benchmark finishing 0.2 per cent lower, with only the retail and healthcare sectors posting positive returns, up 0.8 and 0.3 per cent. Casino owner Star Entertainment (ASX:SGR) was the standout, with shares finishing 18 per cent higher after the company…
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