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Market rallies on China hopes, Fortescue goes ex-dividend, Healthco spikes The ASX 200 (ASX: XJO) recovered from a loss of as much as 1% to register a five-point gain on Monday. Fortescue Metals Group (ASX: FMG) was the biggest drag on the market, falling $2.28 or 11% after paying out $2.11 in cash as a special dividend. A…

ASX higher as dividends rain, three new highs, AMA in trading halt The ASX200 (ASX: XJO) finished the week on a positive note, adding 0.5% with the market finish up the same amount of the five days. On Friday it was all about resources and utilities, with Alumina (ASX: AWC) jumping 6.7% on a booming aluminium price and lithium miner Orocobre (ASX: ORE)…

Dividends drag market lower, record trade balance on commodities The ASX200 (ASX: XJO) finished around 0.6% lower as a swathe of dividend payments were extracted from the market. On a second level it was broadly mixed with materials and mining falling 2.5%, whilst staples and healthcare were both down similarly, around 1% each. The impact of dividend payments and ex-dividend…

ASX powers into close, quality rotation, commodities weaken The ASX200 (ASX: XJO) strengthened throughout the day to ultimately finish 0.4% higher following a positive lead from Wall Street. Quality remains the key as bond rates continue to fall with industrials and tech leading the market higher, up 1.2 and 1.9% with energy and utilities continuing to weaken as…

Rally continues, WiseTech up 50%, BNPL players weaken The ASX200 (ASX: XJO) continued its strong run despite a more mixed performance from those companies reporting today, adding 0.4%. The technology sector was the standout, up 1.9% after WiseTech Global (ASX: WTC) jumped 28.5%. The mining sector also recovered, up 1.4%, as the iron ore price showed signs of stabilising…

ASX higher as travel recovers, Kogan can’t live up to the hype, lockdowns hit Boral The ASX200 finished 0.2% higher on Tuesday, continuing the positive start to the week with energy and materials leading the way, up 2.8% and materials 0.8%. BHP (ASX: BHP) has started to recovery improving 1% as the iron ore price settles. It was a positive…

Losing week, iron ore and the economy, Cochlear tanks The ASX200 (ASX: XJO) fell another four points on Friday, capping a full week of lower closes and a loss of 2.2% for the five days. On Friday, it was all about Cochlear (ASX: COH) with the hearing aid manufacturer falling 7.4% despite recording record sales of $1.49 billion and a 54%…

Market falls, unemployment head fake, BHP continues to weaken The ASX200 (ASX: XJO) continued its recent weakness with reporting season a key drag on performance. Global investors continue to digest the BHP Group (ASX: BHP) delisting with the share price falling another 6.4% all but closing the premium to their London listed shares. This is likely a surprise to management who…

BHP drags on market, reporting season flurry, property recovers The ASX200 (ASX: XJO) fell 0.1% today solely due to a 7.1% fall in BHP Group (ASX: BHP) as investors digest the massive merger deal; the materials sector was down 3.0% as a result. Given the dual listing set up and structure of the Woodside (ASX:WPL) deal it’s hard to determine if this is…

Market falls, BHP merges with Woodside, CBA’s correction It was another rough day for the ASX200 (ASX: XJO) with the selling pressure continuing to grow as reporting season picks up steam. The financial sector was the biggest contributor to the markets 0.9% fall, dragged down 1.7% by Magellan Financial Group (ASX: MFG) and the Commonwealth Bank (ASX: CBA) which is nearing a technical…