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…
The local market delivered a strong end to the week with the S&P/ASX200 (ASX:XJO) gaining 0.5 and the All Ordinaries (ASX:XAO) 0.6 per cent on the back of a strong rally in the commodity sector. Champion Iron (ASX:CIA) and BHP (ASX:BHP) were standouts, adding 5.6 and 2.8 per cent each as investors grew more confident…
It was a reasonably slow down for market-moving news on the sharemarket, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 finishing 0.2 per cent higher on the back of 7 of the eleven sectors improving. The key driver was the passing of the negotiated debt ceiling deal through the House of Representatives in the US,…
The local sharemarket was dragged lower by the energy sector, which fell 2.5 per cent, sending the All Ordinaries (ASX:XAO) down 1.5 and the S&P/ASX200 (ASX:XJO) down 1.6 per cent. The driver was continued weakness in the price of coal and other energy sources, with Newcastle coal prices falling another 4 per cent on Wednesday,…
The local sharemarket paused for breath on Tuesday, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) falling 0.1 per cent. The property sector was the biggest detractor, down 0.9 per cent behind the likes of Charter Hall (ASX:CHC) which fell 2.2 per cent. Shares in popular uranium miner Paladin (ASX:PDN) tanked by close to…
Both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) finished stronger on Monday, up 0.8 and 0.9 per cent, buoyed by an impending approval of an extension to the debt ceiling in the US. Real estate gained 1.9 per cent and financials 1.2 per cent, as bond yields fell amid a surge in confidence. The materials…
The local sharemarket (ASX:XJO) finished 0.6 per cent higher on Friday, buoyed by a near 6 per cent gain in Xero (ASX:XRO) which pushed the technology sector 2.2 per cent higher. The financial sector also performed strongly, gaining 1.5 per cent, on the back of another surge in insurance companies including Insurance Australia Group (ASX:IAG)….
