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)….
The local market (ASX:XJO) managed a strong gain on Thursday, finishing 0.5 per cent higher, on news that the unemployment rate had jumped to 3.7 per cent from 3.5 per cent. This is the first evidence of a slowing economy under the weight of surging interest rates and saw the technology sector boosted by 2.9…
The local sharemarket took a breath ahead of another important US inflation print on Tuesday night with the S&P/ASX200 (ASX:XJO) falling 0.2 per cent on little news. 9 of the eleven sectors finished lower lead by the property sector, which fell 1.4 per cent amid growing concerns about commercial property valuations, Charter Hall (ASX:CHC) was…
The local market managed a strong finish to the week, gaining 0.4 per cent on Friday, as ANZ Bank (ASX:ANZ) delivered a better than expected earnings result. However, it was the property sector that outperformed gaining 2 per cent behind rallies in Dexus (ASX:DXS) and Goodman Group (ASX:GMG) which both gained more than 3 per…
The financial sector was the biggest detractor on Thursday, falling 2.5 per cent on the back of a weaker than expected profit result from the National Australia Bank (ASX:NAB). Despite the weakness, the S&P/ASX200 managed to fall just 0.1 per cent, with almost every other sector finishing higher, led by property which gained 2 per…
