Investing in quality takes patience, as does investing sustainably. The convergence plays well for those looking to build a portfolio with ESG parameters, something Australian Ethical believes will benefit from net-zero tailwinds in the future.
The local market (ASX:XJO) managed a 0.2 per cent gain on Friday, overcoming significant weakness in the healthcare sector, which fell 1.2 per cent. Broader strength in the energy and technology sectors, up 1.1 and 1.3 per cent, were enough to overcome the weakness, with Karoon (ASX:KAR) gaining 4.2 per cent on higher energy prices….
The S&P/ASX 200 fell by -1.3%, and the All Ordinaries declined by -1.2% as markets consolidated gains and absorbed news across borders of US treasury downgrades by Fitch. Interestingly all 11 sectors finished in the red (whilst the day earlier all sectors finished in the green) with the largest detractors being utilities, financials, and real estate. In line with…
The S&P/ASX 200 finished up +0.5%, and the All Ordinaries rose +0.5% as all sectors finished in the green following the RBA’s decision to keep rates on pause for the second consecutive month. Interest rate sensitive Information Technology finished highest up +1.14% for the day, driven by WiseTech shares up +0.9%, Xero up +1.4% and NEXTDC up +2.4%. Late in trading, the real estate sector…
The S&P/ASX 200 finished marginally higher up +0.1%, with 8 of the 11 sectors finishing in the green. The marginal rise was influenced by gains in healthcare stocks, whilst losses were noted in consumer staples, utilities, and technology companies. Consumer Staples (-.8%) was the worst performing sector in the Australian market, influenced by supermarket chains Woolworths -1.3%, Coles -0.9% and IGA…
Interest rates were never meant to be so low for so long. Wattle Partners principal Drew Meredith ponders whether the hangover has some investors lagging; are too many hanging onto risky assets, when low-risk returns are so easy to find?
The local share market posted another strong day, adding 0.7 per cent, as news of the Federal Reserve potentially pausing rate hikes boosted the property and technology sectors; up 3.3 and 2.2 per cent respectively. The likes of Goodman Group (ASX:GMG) and Scentre (ASX:CSG) gained 2.7 and 4.4 per cent each, on hopes that valuations…
The local share market managed a 0.9 per cent gain, taking it to a five month high on the back of another confirmation of falling price levels and inflation. The materials sector was the standout, prior to Rio Tinto (ASX:RIO) delivering a strong quarterly update, gaining 1.8 per cent, while financials also added 1.1 per…
News that the Chinese government was committed to supporting a slowing economy with economic stimulus were enough to drive both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) to a 0.5 per cent gain. Both the materials and energy sectors did all the heavy lifting, gaining 2.7 per cent and 1.2 per cent respectively. It was…
Weakness in the technology sector drove local shares lower on Friday, with the S&P/ASX200 (ASX:XJO) and All Ordinaries (ASX:XAO) both dropping 0.2 per cent on Friday. Despite this the 200 managed to finish the week in positive territory with a 0.2 per cent gain, driven by a recovery in the financial sector, up 2.7 per…
