Daily Market Update

ASX down 0.2%, miners drag as Macquarie hits new highs

ASX weaker, Macquarie stands out, gas merger to go green The ASX200 (ASX: XJO) fell 0.2% on Wednesday continuing the negative week with materials continuing to push the market lower, down 1%. Real estate was also hit with the likes of Goodman Group (ASX: GMG) down

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ASX ekes out another gain as RBA stays the course

Markets flat, RBA expects economy to ‘bounce back’, tech sector hit The ASX200 (ASX: XJO) finished broadly flat on Tuesday, struggling to find direction after the long weekend in the US. Materials remain the biggest drag on the index as steel production

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ASX closes 0.1% higher despite Fortescue fall

Market rallies on China hopes, Fortescue goes ex-dividend, Healthco spikes The ASX 200 (ASX: XJO) recovered from a loss of as much as 1% to register a five-point gain on Monday. Fortescue Metals Group (ASX: FMG) was the biggest drag on the market,

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Miners and biotechs lift ASX 0.5%

ASX higher as dividends rain, three new highs, AMA in trading halt The ASX200 (ASX: XJO) finished the week on a positive note, adding 0.5% with the market finish up the same amount of the five days. On Friday it was all about resources

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ASX closes lower as ex-div BHP drops 7%

Dividends drag market lower, record trade balance on commodities The ASX200 (ASX: XJO) finished around 0.6% lower as a swathe of dividend payments were extracted from the market. On a second level it was broadly mixed with materials and mining falling 2.5%, whilst staples

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ASX trims losses to 0.1% after unexpected GDP bounce

September begins with a loss, GDP surprises again, Metcash sales weaken After delivering an eleventh straight month of gains by finishing 1.9% higher in August, the ASX200 (ASX: XJO) fell 0.1% to begin September. Given the busy month that was August market

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ASX gains 0.4% as healthcare, industrials and IT lead

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

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Fortescue result leads mining titans and ASX higher

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

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ASX subdued as investors look to Jackson Hole

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)

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ASX back in the red as miners, banks drag on bourse

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%

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