Daily Market Update

ASX adds 24% in record-breaking financial year

ASX fades to small gain, 24% return for the financial year, Telstra’s buyback surprise The ASX 200 (ASX: XJO) managed to finish the financial year on a positive note, adding 0.2% on Wednesday with the communications sector the biggest contributor, up 2.7%.

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ASX recovers from early dive, finishes flat again

Late comeback delivers, energy in the red, dividends hit real estate, CKF falls on earnings The ASX 200 (ASX: XJO) staged a remarkable recovery, managing a flat day despite falling as much as 0.9% on Tuesday morning. Energy, materials, and utilities were

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ASX recovers to flat as Sydney lockdown smashes travel

ASX fights back, COVID winners back as lockdowns extended, oil at three-year high The ASX 200 (ASX: XJO) overcame a negative lead to finished broadly flat on Monday. COVID-19 outbreaks in almost every state barring Victoria have sent the market back into

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ASX finishes Friday higher, dips 0.8% for the week

Another winning day despite Sydney lockdown, Boral offer increased, US infrastructure boosts commodities The ASX 200 (ASX: XJO) delivered another strong day, finishing 0.5% as it followed a strong US lead. This time it was news of President Biden receiving approval for his infrastructure

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Trading volumes soft as ASX slides

ASX falls as Afterpay spikes, Woolworths’ spin-off, retailers rally The ASX 200 (ASX: XJO) fell 0.3%, the second straight day of losses, with consumer staples (+1.9%) and IT (+2.1%) the only real winners. The majority of the selling pressure came from healthcare

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ASX drops 0.6% as COVID, EOFY lead bourse lower

Markets continue to fall, travel stocks hit as Sydney faces lockdown, Costa enters trading halt The ASX 200 (ASX: XJO) finished 0.6% lower on Wednesday despite a strong overseas lead, with news of the extended Sydney travel restrictions impacting travel and consumer stocks.

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ASX claws back $33b as miners and banks rebound

Strongest day in four months, Fed backs off, lithium miners rally The ASX 200 (ASX: XJO) experienced its best session in four months, adding 1.5% on Tuesday, all but erasing Monday’s losses. Every sector but healthcare finished higher, with real estate and

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Tech surge lifts ASX to fifth straight week of gains

Fifth straight weekly gain, tech back in favour, commodities tank, AUD weakens The ASX 200 (ASX: XJO) finished 0.1% higher on Friday as markets continued to digest this week’s change of heart from the Federal Reserve.  The IT sector overcame valuation concerns to

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Hawkish Fed knocks ASX from its record-setting perch

Rough day as rate hike hits, Challenger, Seven, Coles offer market updates The ASX 200 (ASX: XJO) finished down 0.4% on Thursday in what some are calling a sell-off after news that the Federal Reserve may hike interest rates earlier than expected, in 2023.

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