asx 200

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 the popular smaller companies, technology, and consumer sectors. The tech sector fell 3.2% on the back…

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 2.1% on higher bond rates. The highlight was the financial sector which finished 10.6% higher as Macquarie (ASX:…

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 curbs in China continue to push shares in Fortescue (ASX: FMG) and Rio Tinto (ASX: RIO) lower by 3…

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, falling $2.28 or 11% after paying out $2.11 in cash as a special dividend. A…

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 and utilities, with Alumina (ASX: AWC) jumping 6.7% on a booming aluminium price and lithium miner Orocobre (ASX: ORE)…

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 and healthcare were both down similarly, around 1% each. The impact of dividend payments and ex-dividend…

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 volatility will likely recede as investors turn to the outlook for vaccination rates and border…

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 the market higher, up 1.2 and 1.9% with energy and utilities continuing to weaken as…

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 and 1.0% as reporting season comes to an end. It was all about FMG today, with the company…

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) also dragging the IT sector lower (down 1.2%) falling 6.1% as investor desert the popular…