ASX powers into close, quality rotation, commodities weaken The ASX200 (ASX: XJO) strengthened throughout the day to ultimately finish 0.4% higher following a positive lead from Wall Street. Quality remains the key as bond rates continue to fall with industrials and tech leading the market higher, up 1.2 and 1.9% with energy and utilities continuing to weaken as…
Mining sector buoys ASX, InvoCare, Altium slump The ASX200 (ASX: XJO) was once again buoyed by the materials sector with Fortescue’s (ASX: FMG) strong earnings result sending the stock 6.6% higher and the sector up 2.7%. Both financials and consumer discretionary remain under pressure, down 0.7 and 1.0% as reporting season comes to an end. It was all about FMG today, with the company…
Some positive news was delivered to the financial advice industry this week with the ASIC Supervisory Levy to be reduced to 2018-19 levels. The announcement will see levies charged to advisers providing advice to retail clients restored to $1,142 for both the 2021 and 2022 financial years. The government went further, also announcing the flat…
Flat finish but positive week, Wesfarmer’s big dividend, losers keep losing The ASX200 (ASX: XJO) finished just 3 points lower on Friday but managed a 2.2% gain for the week. The discretionary sector dragged the market lower behind Wesfarmers (ASX: WES) which fell 1.6%, with Appen (ASX: APX) also dragging the IT sector lower (down 1.2%) falling 6.1% as investor desert the popular…
Reporting season sends ASX lower, Appen, A2M tank, Woolworth’s surprise buyback The ASX200 (ASX: XJO) pushed lower on Thursday as the reporting season losers outweighed the winners. All eyes were on the consumer sectors with staples falling 0.8% and discretionary adding 0.3% as Woolworth’s (ASX: WOW) delivered a strong result. Two midcaps popular with brokers and DIY investors alike…
Simon Russell from Behavioural Finance Australia goes in-depth with James Dunn from The Inside Network on applying behavioural finance to better understand and influence clients.
Rally continues, WiseTech up 50%, BNPL players weaken The ASX200 (ASX: XJO) continued its strong run despite a more mixed performance from those companies reporting today, adding 0.4%. The technology sector was the standout, up 1.9% after WiseTech Global (ASX: WTC) jumped 28.5%. The mining sector also recovered, up 1.4%, as the iron ore price showed signs of stabilising…
ASX higher as travel recovers, Kogan can’t live up to the hype, lockdowns hit Boral The ASX200 finished 0.2% higher on Tuesday, continuing the positive start to the week with energy and materials leading the way, up 2.8% and materials 0.8%. BHP (ASX: BHP) has started to recovery improving 1% as the iron ore price settles. It was a positive…
ASX shakes off sentiment, IT recovery, Charter Hall, Reliance deliver records The ASX200 (ASX: XJO) shook off a rare negative week to open 0.4% higher on Monday. The IT and property sectors, up 1.7 and 0.9% respectively were the key contributors as reporting season continued. Energy remains under pressure with Ampol (ASX: ALD) down 4.8% on a weaker earnings report and…
Steve Byron from Potentum Partners shares INSights with Giselle Rox from The Inside Network on ‘Should You Reduce an Allocation to Listed Equity to Invest in PE?’
