Equities

ASX staring down best month since 1998, Treasury Wine (ASX:TWE) corked by China, but iron ore immune The ASX200 (ASX:XJO) finished higher for the fourth straight week adding 1.0% despite falling 0.5% on Friday. The vaccine-led recovery means the index is sitting on the best gain in over 30 years whilst leading our global peers having now controlled…

ASX rally slows, Origin Energy (ASX:ORG) confirms outlook, Bega Cheese (ASX:BGA) with a big buy, ASX to open lower The ASX 200 (ASX:XJO) end its winning streak following the weaker economic news from the US, the market falling 0.7% on Thursday as traders seemed to be tiring.  It was those sectors and companies that have performed strongest…

As it stands, the ASX’s November 2020 performance could be the best in over 50 years. It seems impossible when you consider the state of the “real” economy, which is effectively on government life-support following enforced economic lockdowns. Such has been the strength of the recovery that estimates suggest the S&P/ASX 200 now trades on…

More of the same, 2020 ASX losses evaporate, Harvey Norman (ASX:HVN) falls on strong profit, US markets pointing to flat open The ASX200 (ASX:XJO) weakened throughout the day finishing 0.6% higher, but has now overcome all losses sustained in 2020 and is on track for the best November in several decades.  The sustained recovery on…

ASX 200 (ASX:XJO) 1.3% higher, oil price hits nine month high, AUD rallies, Dow hits 30,000 The ASX200 (ASX:XJO) saw another strong day adding 1.3% on the back of the ‘trifecta’ of COVID-19 vaccines with hopes for an economic recovery resulting in the oil price hitting a nine-month high.  As can be expected, energy stocks benefited most,…

ASX 200 at nine month high, Ampol (ASX:ALD) announces off-market buy back, US markets stronger on vaccine hopes The ASX200 (ASX:XJO) got off to a positive start to the week, adding 0.4% and hitting a nine month high.  The strength was broad-based but primarily coming from travel and energy-based sectors with the latter adding 2.8%…

ASX keeps delivering, Commonwealth Bank’s (ASX:CBA) best week since 2011, US markets flat It was a strong week for the Australian market, the ASX200 (ASX:XJO) heading 2.1% higher despite an ASX shutdown on Monday and a weak close on Friday.  The strength was clearly driven by the financial sector with CBA enjoying its best week…

Seek (ASX:SEK), BlueScope Steel (ASX:BSL) upgrade guidance, unemployment surprises, US markets offer positive lead The Australian market (ASX:XJO) eked out a fourth straight gain finishing 0.2% higher with the financial and IT sectors the biggest contributors; up 1.2% each.  For the financials Westpac Banking Corporation (ASX:WBC) led the way adding 2.3% after the release of better than…

The Dr Cathie Wood-led ARK Investment Management is facing a different kind of pressure as 2020 draws to a close. According to Bloomberg, ARK’s ETF distributor, Resolute Investment Managers, is seeking to exercise an option acquired in 2016 to buy a controlling stake in the business. The ARK Invest strategy has been a clear winner…

Stock markets have always been a win-lose situation, but the odds are skewing even further towards a handful of successful companies, according to a new analysis by Australian-based global manager Hyperion Asset Management. In bad news for value and passive investment styles, the study argues that, historically, only a small proportion of listed companies have…

ASX delivers third straight increase but weak open ahead, Crown (ASX:CWN) shutdown, anaemic wage growth The ASX200 (ASX:XJO) experienced another positive, albeit somewhat mixed, day with the banking sector (+1.7%) forcing the market higher by 0.5%.  The travel sector was the key detractor as an outbreak in South Australia combined with profit taking hitting confidence. …

ASX up and running, to open weaker, Charter Hall (ASX:CHC) and Centuria (ASX:CIP) continue to acquire The ASX (ASX:ASX) managed to open on time Tuesday after significant issues to begin the week, though management flagged some ‘settlement’ issues had also arisen, sending the share price 1.5% lower.  In terms of the ASX200 (ASX:XJO) it was…