Daily Market Update

The S&P/ASX 200 index dropped by 0.4 per cent with ten out of eleven sectors falling. The energy sector mirrored the softer oil prices, experiencing a 0.9 per cent decline. Brent crude approached $US81 per barrel, having lost approximately 12 per cent in the last three weeks due to escalating concerns about global demand and the de-escalation of risk…

A sea of red was noted on Friday as with the ASX200 closing down -0.55 per cent, dragged by financials falling -0.9 per cent, impacted by the banking sector with Commonwealth Bank down 0.9 per cent, ANZ down 1.3 per cent, Westpac down 1.3 per cent, and NAB down 1.7 per cent. Energy also weighed on markets falling 1.5 per cent on Friday, and 4…

From Hero to Xero for tech star Australian shares rose for the second straight day, with healthcare leading the way, and netting out a tech slump. The benchmark S&P/ASX 200 index advanced 19.5 points, or 0.3 per cent, to 7014.9, while the broader All Ordinaries index rose 16.7 points, or 0.2 per cent, to 7,215….

The Australian share market built on a solid lead-in from Wall Street, with the tech sector leading the way, up 1.9 per cent on the back of enthusiasm emanating from the so-called “Magnificent Seven” US tech stocks. The benchmark S&P/ASX 200 added 18.3 points, or 0.3 per cent, to 6995.4, while the broader All Ordinaries…

The Australian dollar and bond yields slid after the Reserve Bank of Australia lifted the cash rate by 0.25 per cent on Melbourne Cup Day, to 4.35 per cent. It was the first change to the official rate in five months – and the first under new governor Michele Bullock – coming after a run…

The local share market was buoyed by the Federal Reserve’s decision to keep rates on hold and hope that the RBA may do the same on Tuesday. The All Ordinaries gained 1 per cent and the S&P/ASX200 0.9 per cent on a strong day for the market, with the interest rate sensitive sectors in technology…

Surprisingly high inflation data stopped the Australian market from consolidating early gains on Wednesday, turning the day into a stalemate in terms of the indices. The benchmark S&P/ASX 200 closed 2.6 points lower, at 6,854, losing early gains. The broader All Ordinaries index, however, managed a 0.7-point gain, to 7,046. Australia’s headline consumer price index…

It was a bounce-back session from the miners on the ASX on Tuesday, which helped the market gauges elevate slightly. The benchmark S&P/ASX 200 index added 12.8 points, or 0.2 per cent, to 6,856, while the broader All Ordinaries index gained 15.6 points, or 0.2 per cent, to 7,045. The heavyweight mining sector was the…

The Australian stock market has given up all of the gains that it had made in 2023, with the benchmark S&P/ASX 200 losing 56.6 points, or 0.8 per cent, on Monday to 6,844.1, with resources weakness the major culprit. That puts the index in the red by 2.8 per cent for the year. The broader…

The local share market posted a negative end to the week, with both the S&P/ASX200 and All Ordinaries falling 1.2 per cent on Friday, dragging the benchmarks 2.1 per cent lower for the week. The only sector posting a gain on Friday was energy, buoyed by expectations of an oil price above US$100 per barrel…

The local share market snapped its losing streak, with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) gaining 0.4 per cent on a settling of bond yields and the latest Reserve Bank meeting minutes. According to the new governor, the board had considered raising and now sees November as a ‘live’ meeting with the potential…

Both the key Australian indices fell on Monday, with the S&P/ASX200 falling 0.3 per cent and the All Ordinaries 0.4 per cent with the technology sector the biggest detractor, down 2.8 per cent. The primary culprits were Xero (ASX:XRO) and WiseTech (ASX:WST) which fell 3.4 and 2.3 per cent respectively as the Israel-Hamas crisis made…