Daily Market Update

ASX trims early lead, CBA and gold miners shine

Dip buyers emerge, ASX moves higher, EML Payments enters trading halt, Nuix continues to fall The ASX200 (ASX:XJO) fell throughout the day despite a positive open, finishing 0.1% higher as dip buyers emerged following last week’s unexpected sell-off. The IT and energy

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Banks boom to send ASX higher on Friday

ASX retakes 7,000, iron ore falls, CBA hits new record, dispersion grows  The ASX200 (ASX:XJO) finished the week on a positive note, moving 0.5% higher and retaking the 7,000-point level. Every sector was higher barring materials, with Fortescue (ASX:FMG) and BHP Group (ASX:BHP) falling 2.8% and

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Inflation fears drag ASX to a four-week low

ASX follows Wall Street lower, defensive rotation, Graincorp beats expectations The ASX200 (ASX:XJO) has followed Wall Street lower, falling 0.9%, after higher-than-expected inflation figures spooked investors overnight. Short-term traders are betting that the Federal Reserve will be forced to increase interest rates earlier than

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ASX drops 0.7% in second straight loss

Sell off continues despite budget, Qantas tanks on flight delays, CBA delivers  The ASX200 (ASX:XJO) fell 0.7%, the second straight negative session, pushed lower by utilities and energy companies, down 2.2% and 2.0% respectively. The Federal Budget which offers little in the way of

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Tech sector runs red as ASX retreats

ASX hit as US rattled, Boral takeover offer, Rex clarifies misstatement  The ASX200 (ASX:XJO) followed a global lead lower, falling 1.1% at the open and remaining in negative territory throughout the day. The IT sector was the hardest hit, falling 4.2%, and

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ASX adds 0.3% as banks and miners rise

Another positive week, tech continues disappearing act, Macquarie delivers record profit  The ASX200 (ASX:XJO) managed to deliver another positive week, adding 0.3% on Friday and 0.8% for the week. The news of the week was the Chinese Government ceasing high level discussions with Australian

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ASX retreats from 14-month peak

Market weakens on China tensions, local tech dumped, hot IPO market cooling The ASX200 (ASX:XJO) fell 0.5%, weakening throughout the day as news continued to worsen.  Initially, it was US payment giant PayPal (NYSE:PYPL) delivering a strong earnings result but announcing they would soon

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ASX closes at new 14-month high

ASX hits 14-month high, ANZ dividend surprise, Nearmap upgrades revenue guidance  The ASX200 (ASX:XJO) reached a 14-month high, adding 0.4% and once again nearing a record. The primary driver was the healthcare sector, up 1.1%, with key constituent CSL (ASX:CSL) up 2.4% offering the

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ASX back near 14-month high with 0.6% gain

RBA holds rates, property lending boom, Seek upgrades guidance, retail recovery on track It was another green day on the market with the ASX200 (ASX:XJO) adding 0.5% on the back of the materials sector, with the gold price jumping significantly. Silverlake Resources (ASX:SLR)

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Banks help ASX eke out narrow gain

Bank rally not enough, Westpac hike dividend, job ads continue to surprise The ASX200 (ASX:XJO) rose just three points to begin the week, with a powerful day from the financials sector (+1.4%) which represents some 30% of the index not enough to

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