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Market (ASX:XAO) sinks despite GDP data beat, oil rallies on supply cuts

The local share market weakened again on Wednesday, with the All Ordinaries down 0.7 and the S&P/ASX 200 (ASX:XJO) falling 0.8 per cert as seven sectors fell by more than 1 per cent. The rare highlight was the energy sector, which gained 1 per cent on the back of the oil price surging above US$90…

Drew Meredith | 7th Sep 2023 | More
Lacklustre ASX declines 0.3% as RBA holds steady

ASX falls but 2% higher in May, Macquarie, Magellan looking to the future The ASX200 (ASX: XJO) fell 0.3% on Tuesday, the first day of winter, with consumer confidence taking a hit as the Victorian lockdown rolls on. Every sector was weaker except energy and materials, which added 1.3% and 0.3% respectively. Healthcare and financials were the…

The Inside Adviser | 2nd Jun 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