Daily Market Update

ASX closes 0.3% higher on energy stocks and miners

Risk reduced, Evergrande default delayed, Zip’s expansion Amid growing concerns that the S&P/ASX200 (ASX: XJO) was set for a significant sell off, positive news from China saw the market rally throughout the session. The market ultimately finished 0.3% higher with materials and mining adding

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ASX closes 0.4% higher, AusNet soars on bidding war

Market fights back, APA bids for AusNet, iron ore stems the flow The S&P/ASX200 (ASX: XJO) looked to be moving into correction territory this morning, opening broadly lower and continuing the weak global trend. The market fell as much as 0.3% before finishing

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ASX drops 2.1% as iron ore rout continues

Correction continues, iron ore futures hit US$90, Ausnet takeover The S&P/ASX200 (ASX: XJO) suffered its worst day since February falling 2.1% on the back of ongoing weakness in the commodity sector. The market hit its lowest point in three months with just

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Market declines for second week with ASX down 0.8%

ASX flat despite iron ore falls, IRESS deal pulled, AMP’s new low The S&P/ASX200 fell 0.8% on Friday erasing the week’s gains and ultimately leaving the index down three points for the week. After being the hottest sector for most of the

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ASX closes 0.6% higher, CBA’s fresh criminal charges

ASX rally continues, unemployment falls, Wesfarmer’s acquisition proceeding The S&P/ASX200 (ASX: XJO) rallied another 0.6% with every industry sector gaining. The standout once again was the energy sector, which added 1.3% behind Woodside (ASX:WPL) which finished 2.5% higher after another 3% jump in the oil price. Each

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ASX down 0.3% despite Lithium miners surge

ASX falls, AGL hits record low, IRESS deal slowed, Pilbara hits record The S&P/ASX200 (ASX: XJO) dropped another 0.3% on Wednesday as the rally in the energy sector reverse, dropping 2.2%. The key driver was an announcement that OPEC+ expects the oil market to

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ASX closes 0.2% higher despite Brambles plunge

RBA spurs turnaround, energy sector surprise, Brambles profit hit The S&P/ASX200 (ASX: XJO) experienced a choppy session, initially falling 0.4%, before trading 0.5% higher but ultimately closing with a gain of just 12 points. Six of the 11 major sectors were higher

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ASX gains 0.3% led by energy and materials

ASX finishes higher, miners continue to run, Sydney Airport deal increased The ASX200 (ASX: XJO) overcame another negative lead to finish 0.3% higher with both energy and materials central to the positive result. The energy sector was 1.2% higher as the likes of Woodside Petroleum (ASX:

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ASX gains 0.5% as miners lift the market

Buyers emerge, base commodities rally, blue chips weaken Dip buyers emerged on Friday after the week’s significant sell off with the S&P/ASX200 (ASX: XJO) finishing 0.5% higher. Almost every sector was higher barring healthcare which fell 0.7% after outperforming on Thursday, but

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ASX shocker, falling 1.9 per cent

ASX shocker, flight to quality, smaller companies sold off The ASX200 (ASX: XJO) suffered its worst day in months falling 1.9% with 95% of the largest 200 companies share price’s dropping. Every sector was lower and significantly so, with the major selling pressure hitting

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