Daily Market Update

The S&P/ASX 200 finished up +0.5%, and the All Ordinaries rose +0.5% as all sectors finished in the green following the RBA’s decision to keep rates on pause for the second consecutive month. Interest rate sensitive Information Technology finished highest up +1.14% for the day, driven by WiseTech shares up +0.9%, Xero up +1.4% and NEXTDC up +2.4%. Late in trading, the real estate sector…

The S&P/ASX 200 finished marginally higher up +0.1%, with 8 of the 11 sectors finishing in the green. The marginal rise was influenced by gains in healthcare stocks, whilst losses were noted in consumer staples, utilities, and technology companies. Consumer Staples (-.8%) was the worst performing sector in the Australian market, influenced by supermarket chains Woolworths -1.3%, Coles -0.9% and IGA…

On Friday afternoon, Australian shares experienced turbulence alongside Asian markets due to the Bank of Japan’s announcement of adopting a more “flexible” approach towards managing its yield curve control policy. Despite the S&P/ASX 200 taking a hit of 0.7 percent for the day, the benchmark still managed to post a weekly gain of 1.2 percent – following…

The local share market posted another strong day, adding 0.7 per cent, as news of the Federal Reserve potentially pausing rate hikes boosted the property and technology sectors; up 3.3 and 2.2 per cent respectively. The likes of Goodman Group (ASX:GMG) and Scentre (ASX:CSG) gained 2.7 and 4.4 per cent each, on hopes that valuations…

The local share market managed a 0.9 per cent gain, taking it to a five month high on the back of another confirmation of falling price levels and inflation. The materials sector was the standout, prior to Rio Tinto (ASX:RIO) delivering a strong quarterly update, gaining 1.8 per cent, while financials also added 1.1 per…

News that the Chinese government was committed to supporting a slowing economy with economic stimulus were enough to drive both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) to a 0.5 per cent gain. Both the materials and energy sectors did all the heavy lifting, gaining 2.7 per cent and 1.2 per cent respectively. It was…

Weakness in the technology sector drove local shares lower on Friday, with the S&P/ASX200 (ASX:XJO) and All Ordinaries (ASX:XAO) both dropping 0.2 per cent on Friday. Despite this the 200 managed to finish the week in positive territory with a 0.2 per cent gain, driven by a recovery in the financial sector, up 2.7 per…

Positive earnings surprises continue to outweigh the negative, with the likes of Flight Centre (ASX:FLT) and Nuix (ASX:NXL) gaining strongly after offering updates to the market. The S&P/ASX200 (ASX:XJO) gained just 1 point, with the financials and technology sectors the key drivers, adding 0.4 per cent respectively. News that unemployment remained fixed at 3.5 per…

Local markets were buoyed by an improving global economic backdrop and the flow through of some positive corporate results. The energy and financial sectors drove the market, adding 1.7 and 1.5 per cent respectively, with the former benefitting from an earnings upgrade from Ampol (ASX:ALD). Management now expect earnings of $800 million in the first…

Mixed messages from bond markets and the Reserve Bank sent both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) finishing 0.2 per cent lower. The property and industrial sectors sank by 1.6 and 1.2 per cent respectively after the release of the latest round of RBA minutes that suggested further rate hikes were likely despite clear…

Eight of the 11 key sectors of the Australian share market moved higher on Monday, led by industrial and consumer discretionary businesses, with both gaining 0.6 per cent. Despite the strength, weakness in the energy and materials sectors, down 0.8 per cent, pulled the S&P/ASX200 (ASX:XJO) five points lower for a negative start to the…

Falling inflation continued to drive the market higher on Friday with both the All Ordinaries (ASX:XAO) and S&P/ASX200 (ASX:XJO) gaining 0.8 per cent. The market was buoyed by a significant drop in bond yields, which benefited the technology and communication sectors, both adding 1.7 per cent, with Block (ASX:SQ2) gaining 5.2 per cent on the…