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Iron ore hits market (ASX:XJO), AMA tumbles on raising, Platinum remains under pressure

  Both benchmarks weakened into the close, as both the S&P/ASX200 (ASX:XJO) and All Ordinaries (ASX:XAO) fell 0.2 per cent on Friday. The weakness was driven by the materials sector, which fell 1 per cent, driven lower by BHP (ASX:BHP) and Fortescue (ASX:FMG), down 1.2 and 2.4 per cent. The highlight was the utilities sector…

Drew Meredith | 11th Sep 2023 | More
Fresh record high for ASX after broad Friday rally

ASX hits new record, ING shocks analysts, Tabcorp offer formalised  The ASX200 (ASX: XJO) hit another record high on Friday, finishing the day 1.2% higher and taking the weekly gain to 2.1%. The records fell as the banking and materials sectors combined to deliver gains. Commonwealth Bank of Australia (ASX: CBA) gained 1.6% on Friday and both BHP Group Ltd (ASX: BHP)…

The Inside Adviser | 30th May 2021 | More
Heaviest ASX loss in nearly three months

Markets turn red, EML Payments dumped, China flags iron ore pressure The ASX200 (ASX:XJO) dropped the most in three months, finishing down 1.9% as a multitude of pressures hit the market. The materials and energy sectors both fell by around 3.0%, the former sold off after Chinese representatives flagged their intention to reduce the country’s reliance on…

The Inside Adviser | 19th May 2021 | More
  • ASX retreats; Qantas, Flight Centre lead travel slump

    ASX falls late, AGL (ASX:AGL) seeking battery approval, coal prices boosted by floods The ASX200 (ASX:XJO) fell into the close ending 0.1% lower, with the materials sector the biggest detractor falling 1.5%. The selling pressure came after one of the key Chinese smelting cities announced curbs on steelmaking operations as they seek to address environmental concerns. This sent…

    The Inside Adviser | 23rd Mar 2021 | More
    ASX200 jump again, BHP records broken

    ASX200 jump again, BHP (ASX:BHP) records broken, Ansell (ASX:ANN) demand continues The ASX200 had another strong day, this time a combination of energy (1.34%) and IT (2.54%) sending the price higher. It seems overseas investors may have identified Afterpay (ASX:APT) as a cheaper alternative to their own Affirm (NASDAQ:AFRM) with the company hitting another all-time high today. BHP Group (ASX:BHP) released their…

    The Inside Adviser | 20th Jan 2021 | More
    ASX market update; Victorian lockdowns extended

    Victorian lockdowns extended, markets remain calm, Labor Day holiday in the US, ASX to open higher The market responded positively to news that the majority of Victorians will remain under stringent lockdown measures well into November; the ASX 200 (ASX:XJO) finishing 0.3% higher. Transurban Group (ASX:TCL) was among the hardest hit from the announcement, with…

    Drew Meredith | 7th Sep 2020 | More
  • ASX shares update; US markets down over 4%

    It’s back: US markets down over 4%, dividends the story of the day, a deal with the devil The ASX 200 (ASX:XJO) finished another 0.8% higher, with everything but the IT, materials and utilities sectors adding to the rally. As reporting season comes to an end, dividend payments are driving daily movements with BHP Group…

    Drew Meredith | 3rd Sep 2020 | More
    Market update – Federal Reserve loosens inflation reins

    It was a mixed day for the market, the ASX 200 (ASX:XJO) finished 0.2% higher despite trading up as much as 0.8% during the day.

    Drew Meredith | 27th Aug 2020 | More