ASX – Page 3 – The Inside Adviser

ASX jumps on Fed policy, Cochlear competition concerns, return forecasts upgraded

December 2, 2022 by Drew Meredith

The local market joined the global rally in risk assets with the S&P/ASX200 finishing 1 per cent higher on Thursday on the back of Jerome Powell's dovish comments in the US. A peak...

ASX gains on inflation data, energy, materials surge, Temple & Webster jumps

December 1, 2022 by Drew Meredith

What began as another rough day for the S&P/ASX200 finished on a much more positive note, as the market closed at its high, 0.4 per cent higher. The standout sectors were energy,...

ASX gains as China protests slow, Collins Food tanks, consumer sentiment up

November 30, 2022 by Drew Meredith

The local market managed to deliver another gain, the S&P/ASX200 adding 0.3 per cent as signs of improvement in China supported a rally in key commodity prices. Rio Tinto (ASX: RIO) gained 3.5 per...

China threat hits ASX, RBA says sorry, Frazis to leave BOQ

November 29, 2022 by Drew Meredith

It was a tough start to the week in Australia, with little in the way of a US lead, all eyes were on growing unrest in China, which ultimately saw...

ASX strength continues, energy sinks on coal sales, Harvey Norman, Nick Scali shine

November 25, 2022 by Drew Meredith

Performance across the key sectors of the S&P/ASX200 continues to diverge with a weak day for energy, down 1.8 per cent, offset by gains in the technology and real estate...

ASX rally gathers steam, Qantas profit jumps, coal, energy rallies

November 24, 2022 by Drew Meredith

The local market continues to gather steam ahead of a number of major economic announcements, with the S&P/ASX200 finishing 0.7 per cent higher.The rally was driven by a surge in...

ASX hits five month high, Virgin Money jumps, crypto stocks dumped

November 23, 2022 by Drew Meredith

The local market reached a five month high on Tuesday, buoyed by the energy and materials sectors once again, which finished 2.6 and 1.2 per cent in the positive, the...

Australian sharemarket down on commodities, QBE costs spike, Nanosonic tanks

November 22, 2022 by Drew Meredith

The S&P/ASX200 commenced the week in the same manner it finishes, falling 0.2 per cent after holding onto a gain of as much as 0.3 per cent during the day. Both the...

BHP ups bid for OZ Minerals, market flat, NIB Holdings jumps on sales

November 21, 2022 by Drew Meredith

All eyes were on the materials sector on Friday, after BHP (ASX: BHP) lobbed a best and final bid for copper producer OZ Minerals (ASX: OZL). The offer of $28.25 per share was approved...

Sharemarket gains despite energy weakness, Webjet recovery continues, Seek guidance on track

November 18, 2022 by Drew Meredith

The S&P/ASX200 managed another small gain on Thursday, adding 0.2 per cent as strength in all sectors barring energy and materials, down 2.1 and 1.2 per cent each, managed to offset losses...

ASX drops plan to replace CHESS with blockchain, writes off $250M

November 17, 2022 by Tahn Sharpe

The long-running project has been shelved after a devastating Accenture report cited multiple areas of concern. ASIC chair Joe Longo said the ASX “failed to demonstrate appropriate control”.

S&P/ASX200 falls on quarterly updates, Graincorp dividend hike, Nufarm lifts

November 17, 2022 by Drew Meredith

The S&P/ASX200 fell 0.3 per cent on Wednesday, with 8 of the eleven sectors finishing the red led by utilities, down 1.5 and retailers, down 1.3 per per cent. The highlight once...

Tech paces market as oil, lithium slide, AGL board renewed

November 16, 2022 by Drew Meredith

The local market fell 0.1 per cent on Tuesday under the pressure of a weaker energy sector, down 0.9 per cent, after OPEC+ cut their expectations for oil demand in 2023 and...

Market flat despite commodity surge, Elders sinks on update, oil price jumps

November 15, 2022 by Drew Meredith

The local market finished slightly lower, down 0.2 per cent, as a jump in commodities, particularly iron ore, offset losses across every other sector. The materials sector gained 3.4 per...

Market soars on inflation data, China restrictions, technology in focus

November 14, 2022 by Drew Meredith

The local market rode the US inflation data wave, gaining 2.8 per cent on Friday, buoyed by the hope that interest rate hikes may be set to ease. Every sector...

Market drops despite massive Origin takeover bid, Xero CEO quits

November 11, 2022 by Drew Meredith

The local market weakened as crypto turbulence spread into global equity markets, with the S&P/ASX200 falling 0.5 per cent. Half of the markets sectors were lower, led by energy and...

Gold miners lift market, Orica, NAB deliver strong reports, News sinks

November 10, 2022 by Drew Meredith

The local market was buoyed by an unexpected surge in the price of gold, which moved beyond US$1,700 per ounce once again. The result was a 2.5 per cent gain...

Market overcomes energy weakness, James Hardie sinks on weak property market

November 9, 2022 by Drew Meredith

The S&P/ASX200 gained another 0.4 per cent on Tuesday with a broad-based rally managing to overcome a selloff in the energy sector. The staples and utilities sectors were strongest gaining 1.3 and...

Commodity push market higher, Westpac profit flat, banks sold down

November 8, 2022 by Drew Meredith

The local bourse managed a positive start to the week, with signs of an improving economic outlook in China boosting the commodities sector. Materials gained 3.4 per cent behind 5...

Block jumps, market finishes higher, CSR, Pendal deliver

November 7, 2022 by Drew Meredith

The local sharemarket capped another positive week, closing 0.5 per cent higher on Friday on the back of a surge in the oil price. The energy sector gained 3.4 per...