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Earnings results flow in apace

After a two-day drop caused by interest rate jitters in global markets before the Jackson Hole Economic Policy Symposium this weekend, the S&P/ASX 200 index ended Wednesday 36.3 points, or 0.5 per cent, higher at 6,998.1 points, while the broader S&P/ASX All Ordinaries Index gained 43.1 points, or 0.6 per cent, to 7,242.3. Earnings results…

Drew Meredith | 25th Aug 2022 | More
Skittish market heads lower

With a nervous mood prominent in the markets ahead of the Federal Reserve symposium this week, and earnings results pouring in, it was a difficult session for the local market on Tuesday. The benchmark S&P/ASX200 index closed down 85.1 points, or 1.2 per cent, to a nearly three-week low of 6961.8, while the broader S&P/ASX…

Drew Meredith | 24th Aug 2022 | More
Banks, miners lead market lower

The benchmark S&P/ASX200 index finished Monday down 67.6 points, or 0.9 per cent, to 7046.9, in its worst session since July 11, while the broader S&P/ASX All Ordinaries lost 71.5 points, or just under 1 per cent, to 7287.2. The market is in a state of flux as June 30 earnings results flood-in, and also ahead…

Drew Meredith | 23rd Aug 2022 | More
  • Fossil fuels push market to fifth weekly gain, Ingham’s, TPS slump on weak earnings

    The local market brushed off a number of weaker earnings results to post the slimmest of gains, finishing 1.7 points higher on Friday. This took the S&P/ASX200 to a fifth straight weekly gain of 1.2 per cent with the market now less than 10 per cent off the multi-year highs reached in January this year….

    Drew Meredith | 22nd Aug 2022 | More
    Market retreats, Origin write-downs hit profit, Medibank hit by returns

    The Australian share market has experienced a similar reporting season trend to global markets with the trend being towards much better than expected results and far less volatility than predicted. The S&P/ASX200 fell 0.2 per cent with energy and healthcare both gaining more than 1 per cent, but technology and utilities reversing once again. On…

    Drew Meredith | 19th Aug 2022 | More
    Market gains on huge day of reporting, CSL returns to profit, Santos delivers records

    The local market overcame a brisk selloff in giant healthcare group CSL (ASX: CSL) to post another 0.3 per cent gain. The consumer sectors were the key drivers, with staples and discretionary finishing 1.7 and 1.4 per cent higher respectively following Walmart’s strong report overnight. The property sector also benefitted from a strong report by…

    Drew Meredith | 18th Aug 2022 | More
  • Rally continues, BHP delivers record dividend, Challenger profit slumps

    The Australian share market is showing few signs of slowing down, delivering another positive day with a 0.6 per cent gain. Daily moves are being driven by a generally positive reporting season with the materials, up 1.7 per cent, the key winner alongside healthcare and consumer staples. Both energy and property retreated one per cent…

    Drew Meredith | 17th Aug 2022 | More
    Market buoyed by rate outlook, earnings season accelerates, Nearmap gets a bid

    The local bourse opened the week on a positive note, gaining 0.5 per cent despite a more mixed day across the sectors. Energy and financials were the primary detractors falling 0.8 and 0.2, with reversals in Beach (ASX: BPT) and Bendigo Bank (ASX: BEN) which were down 11.1 and 8.4 per cent on weak updates….

    Drew Meredith | 16th Aug 2022 | More
  • Wealth platforms failing for advisers: Research

    Findings from the 2022 Adviser Technology Needs Report highlight the need for a better investment platform system

    Ishan Dan | 15th Aug 2022 | More
    ASIC announces the launch of the reportable situations regime

    The new regime will help firms identify and act on breaches a lot quicker than before.

    Ishan Dan | 15th Aug 2022 | More
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