ASX 200 at nine month high, Ampol (ASX:ALD) announces off-market buy back, US markets stronger on vaccine hopes The ASX200 (ASX:XJO) got off to a positive start to the week, adding 0.4% and hitting a nine month high. The strength was broad-based but primarily coming from travel and energy-based sectors with the latter adding 2.8%…
ASX keeps delivering, Commonwealth Bank’s (ASX:CBA) best week since 2011, US markets flat It was a strong week for the Australian market, the ASX200 (ASX:XJO) heading 2.1% higher despite an ASX shutdown on Monday and a weak close on Friday. The strength was clearly driven by the financial sector with CBA enjoying its best week…
Seek (ASX:SEK), BlueScope Steel (ASX:BSL) upgrade guidance, unemployment surprises, US markets offer positive lead The Australian market (ASX:XJO) eked out a fourth straight gain finishing 0.2% higher with the financial and IT sectors the biggest contributors; up 1.2% each.  For the financials Westpac Banking Corporation (ASX:WBC) led the way adding 2.3% after the release of better than…
The Dr Cathie Wood-led ARK Investment Management is facing a different kind of pressure as 2020 draws to a close. According to Bloomberg, ARK’s ETF distributor, Resolute Investment Managers, is seeking to exercise an option acquired in 2016 to buy a controlling stake in the business. The ARK Invest strategy has been a clear winner…
ASX delivers third straight increase but weak open ahead, Crown (ASX:CWN) shutdown, anaemic wage growth The ASX200 (ASX:XJO) experienced another positive, albeit somewhat mixed, day with the banking sector (+1.7%) forcing the market higher by 0.5%. The travel sector was the key detractor as an outbreak in South Australia combined with profit taking hitting confidence. …
ASX up and running, to open weaker, Charter Hall (ASX:CHC) and Centuria (ASX:CIP) continue to acquire The ASX (ASX:ASX) managed to open on time Tuesday after significant issues to begin the week, though management flagged some ‘settlement’ issues had also arisen, sending the share price 1.5% lower. In terms of the ASX200 (ASX:XJO) it was…
Sharemarket to open strongly, Moderna (NYSE:MRNA) vaccine 94% effective, ASX (ASX:ASX) system failure, US markets hit record The S&P/ASX200 (ASX:XJO) managed just 25 minutes of trade this morning before its new settlement system failed, closing down the market for the day. Before the shutdown it was a positive start, the market finished 1.2% higher on the…
As 2020 comes to a close, investors of all kinds are faced with what seems to be a once-in-a-lifetime dilemma; how to generate an income in a zero-rate world. Despite clear evidence that investing in stocks solely for their income has generally detracted from, rather than added to, long-term returns, the nature of the Australian…
ASX stocks down 0.2%, ‘Go long’ says star investor Bill Ackman, Ramsay Healthcare (ASX:RHC) reports, positive open ahead The ASX200 (ASX:XJO) fell for the second straight day finishing down 0.2% but managed to add 3.2% for the week. The reasons were clear, positive news on a COVID-19 vaccine coming from Pfizer (NYSE:PFE) sent beaten down…
ASX 200 (ASX:XJO) falls 0.5%, Telstra (ASX:TLS) outperforms, US market falls ASX to open lower It was a mixed day for the ASX200 (ASX:XJO) taking a breather after what has been a hectic few days. Most sectors were down, with telecommunications and consumer discretionary the standouts, adding 1.9% and 1.0% on company specific news. Wesfarmers…
