Both major Australian markets gained 0.4 per cent on Friday, with the All Ordinaries (ASX:XAO) benefitting from a significant jump in the energy sector. Signs of a slowing of Russian oil supplies saw the oil price surge, benefitting the likes of Woodside (ASX:WDS) and Santos (ASX:STO) which gained 2.7 and 1.2 per cent. It was…
Just 12 of the top 200 companies listed on the ASX posted a negative return on Tuesday, with the S&P/ASX200 (ASX:XJO) and All Ordinaries (ASX:XAO) gaining 1.5 per cent. Among the key triggers was news that the Chinese government was set to extend economic support and stimulus measures amid a slowing property market and the…
Only the technology sector was immune from the selloff on Monday, gaining 0.2 per cent, behind a rally in Block (ASX:SQ2) shares. Both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) fell by 0.5 per cent with the staples and industrial sectors taking the most significant hits, falling 1 and 0.9 per cent. The biggest detractors…
The popular debate lacks nuance. Neither are foolproof but both can play a crucial role in building portfolio resistance and balancing the risk/reward dynamic.
The local share market was dragged lower by concerns of further rate hikes in the US, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) falling by 1.2 per cent with just the technology sector finishing higher, gaining 0.1 per cent. The materials and retail sectors were the biggest laggards both falling 1.9 per cent,…
The Australian sharemarket broke its FY24 winning streak on Wednesday, with the All Ordinaries (ASX:XAO) dropping 0.3 and the S&P/ASX200 (ASX:XJO) down 0.4 per cent as the healthcare and financial sectors dragged the market lower. Embattled wealth manager AMP (ASX:AMP) was the biggest detractor, with shares falling 6.1 per cent after the Federal Court ruled…
News that the Reserve Bank of Australia had decided to pause the most aggressive period of rate hikes in recent memory saw both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) surge to a 0.5 per cent gain on Tuesday. This strong start to the new financial year was powered by the financials and property sectors,…
The local market started the week and financial year on a positive note, with both the S&P/ASX200 and All Ordinaries (ASX:XAO) gaining 0.6 per cent on Monday. The technology sector was the only detractor with the likes of Wisetech (ASX:WST) and Technology One (ASX:TNE) dropped 2.9 and 2.2 per cent on the back of a…
The local sharemarket followed a weak global lead with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) dropped 1.3 per cent on Friday, following a 1.6 per cent fall the day prior. Oil and energy prices remain the biggest influence, with the once popular sector falling 4 per cent on Friday and 4.9 per cent…
The local sharemarket delivered a fifth straight day of gains on Friday, finishing 1.1 per cent higher on the back of a strong rally in the energy sector. The sector finished 3.5 per cent higher, buoyed by the likes of Woodside (ASX:WDS) and Santos (ASX:STO), which finished 3.5 and 4.1 per cent higher. But all…
