ASX – Page 2 – The Inside Adviser

Newcrest, Nuix provide market highlights

February 9, 2023 by Drew Meredith

The benchmark S&P/ASX200 index on Wednesday advanced 26 points, or 0.4 per cent, to 7,530.1, while the broader All Ordinaries closed 27.4 points to the good, also 0.4 per cent, at 7,740.5. Goldminer Newcrest added another 65...

Inflation jumps to 33-year high

January 27, 2023 by Drew Meredith

Australian shares ended a five-day winning streak on Wednesday, and the Aussie dollar rose, after the markets learned that inflation in Australia had risen to its highest point since 1990,...

Miners motivate market

January 25, 2023 by Drew Meredith

Upgrades in expectations for lithium price growth helped to lift the Australian sharemarket on Tuesday, driving a strong day for miners. Broker UBS lifted its lithium price forecast as much...

BNPL back in town

January 24, 2023 by Drew Meredith

The S&P/ASX 200 continued its strong early-2023 form on Monday, advancing 5.1 points, or 0.1 per cent, to a fresh nine-month high of 7457.3 points. The broader All Ordinaries index added 7.9 points to...

ASX hits April highs, energy, materials gain, mixed results for lithium stocks

January 23, 2023 by Drew Meredith

The local market managed to finish what appeared a mixed week on a positive note, gaining 0.2 per cent. Powered by the energy and materials sectors, up 1.4 and 0.9,...

Tepid jobs data eases rate fears

January 20, 2023 by Drew Meredith

The local share market advanced to a fresh eight-month high on Thursday after weaker-than-expected jobs data showed the Australian economy slowing, raising expectations for less aggressive rate hikes from the Reserve...

Market limps to eight-month high

January 19, 2023 by Drew Meredith

It was a mixed day on the local market on Wednesday, with six of the 11 sectors higher, and the upshot being a 0.1 per cent rise in the benchmark S&P/ASX...

Market mulls mixed China data

January 18, 2023 by Drew Meredith

A better-than-expected performance by China's economy in the December quarter was not enough to inspire the Australian stock market on Tuesday, perhaps overshadowed by a data release showing a fall in China's...

Strong start to 2023 continues

January 17, 2023 by Contributor

The Australian shares benchmark gained 60.1 points, or 0.8 per cent, on Monday to reach its highest level in nine months, at 7,388.2 points. The S&P/ASX 200 has had a good start...

Energy drives ASX higher, Mineral Resources bid, Fletcher takes a hit

December 19, 2022 by Drew Meredith

The local bourse couldn't manage a positive week, with a negative lead from Wall Street and renewed rhetoric around rate hikes impacting on sentiment. The S&P/ASX200 finished down 0.8 per cent with energy and...

Weaker Chinese data, aggressive Fed floor local stocks

December 16, 2022 by Drew Meredith

The Australian share market struggled on Thursday, with sentiment hit by a weaker-than-expected economic update out of China, and an aggressive statement from the Federal Reserve saying that at least 75 basis...

Aussie market rises across the board

December 15, 2022 by Drew Meredith

Local stocks enjoyed a positive lead-in from Wall Street, after the US consumer inflation figure rose 7.1 per cent in the year to November, less than economists had expected and down...

Banks boost local bourse

December 14, 2022 by Drew Meredith

A strong performance by the banking sector led the Australian share market on Tuesday, as traders and investors cast a wary eye ahead of the monthly US inflation readout overnight.The...

Hammered Origin leads market lower

December 13, 2022 by Drew Meredith

The S&P/ASX 200 fell 0.5 per cent, or 32.4 points, to 7180.8 on Monday, dragged lower by losses across the utilities sector, which contains Origin Energy - and the big electricity and gas supplier...

ASX gains, but down 1.7 per cent for the week, Healius sells assets as iron ore surges

December 12, 2022 by Drew Meredith

The local market managed to end the week on a positive note, adding 0.5 per cent, as continued strength in the iron ore price sent the materials sector close to...

China COVID easing fails to negate market fears

December 9, 2022 by Drew Meredith

Geo-political and economic worries mounted for the local share market on Thursday, with the upshot being a slide of 53.9 points, or 0.8 per cent, in the benchmark S&P/ASX200 index, to 7,175.5...

Market fails to bite on solid economic data

December 8, 2022 by Drew Meredith

Local shares followed Wall Street lower on Wednesday, despite the release of data showing that the Australian economy grew by 0.6 per cent in the September quarter, for an annual growth rate...

Although expected, rate rise weakens market

December 7, 2022 by Drew Meredith

The Australian share market eased on Tuesday as the eighth consecutive rate hike from the Reserve Bank saw the cash rate lifted by 0.25 percentage points, to 3.1 per cent - up...

Market up ahead of likely rate rise

December 6, 2022 by Drew Meredith

Despite plenty of uncertainty around what the Reserve Bank will announce with the cash rate this morning - although consensus expects that the central bank will lift the cash rate by another...

ASX falls, but up 1.3 per cent for the week, Santos sinks on exploration, Premier delivers record trade

December 5, 2022 by Drew Meredith

The week ended poorly for the domestic sharemarket, with the energy sector (down 2.5 per cent) dragging the S&P/ASX200 0.7 per cent lower. Real estate also fell 2.6 per cent with...