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ASX on the cusp of five months of gains, Seek (ASX:SEK) sold off on split, energy sector boom The ASX200 (ASX:XJO) rallied 0.9% on Tuesday, overcoming a weak start with the energy and oil sector powering the market higher. Woodside Petroleum (ASX:WPL) and Origin Energy (ASX:ORG) added 5.7% and 3.6% respectively after the oil price gained 4% overnight on signs…

ASX down on Victorian outbreak, Origin (ASX:ORG) and AGL Energy (ASX:AGL) downgrade, record trade surplus The ASX200 (ASX:XJO) broke its three day run, falling 0.9% due to a combination of weaker global markets and an unexpected outbreak from hotel quarantine in Victoria. Every sector finished lower, but property (-2.4%) utilities (-2.0%) and energy (-1.2%) were among the…

ASX heads higher, UK regulator reviews BNPL sector, Jeff Bezos standing down as Amazon (NYSE:AMZN) CEO The ASX200 (ASX:XJO) delivered a third straight day of gains, finishing 0.9% higher, with the rally broad-based but driven mainly by the banking and property sector which were 1.5% and 2.6% higher respectively. The oil price also hit a 12-month high…

Markets go risk off for a day, trading mayhem continues, Fortescue Metals (ASX:FMG) record production The ASX200 (ASX:XJO) dropped at the open after a negative lead from the US, ultimately finishing down 1.9% for the day; the worst in several months. 90% of companies fell, with Unibail-Rodamco-Westfield (ASX:URW) a rare outperforming jumping 14.5%. The growth favourites were among the…

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…

ASX falls 0.8%, retail in the spotlight, China’s economic miracle, QBE gets slammed The ASX200 (ASX:XJO) started the week on a negative footing, falling 0.8%. The discretionary retail (0.2%) and IT (0.5%) sectors were the only highlights but weren’t sufficient to offset a fall in the materials sector (-1.9%). It was the normal culprits pushing the market…

A rare losing week for markets, Tyro (ASX:TYR) takes a hit, Afterpay (ASX:APT) overtakes Telstra (ASX:TLS) The ASX200 (ASX:XJO) finished flat on Friday, sending the index to its first negative week in over a month, down 0.6%.  Afterpay Ltd (ASX:APT) was once again the standout, moving 10.0% higher and overtaking Telstra Corporation (ASX:TLS) as it moved to a market capitalisation…

ASX flat as value rotation continues, Premier (ASX:PMV) hits record  The ASX200 (ASX:XJO) eked out a 0.1% gain for the day, with the ‘value’ rotation in full swing. The strengthening oil price combined with a weaker USD sent the sector 4.2% higher, Origin Energy (ASX:ORG) and OilSearch Ltd (ASX:OSH) were the key beneficiaries, up 3.0% and 6.0% respectively. ORG has been further…

ASX struggles under COVID-19 weight, banks fall, retail sales recover The ASX200 (ASX:XJO) struggled today, falling 1.1%, as concern around the NSW COVID-19 outbreak weighed on sentiment at the same time that volumes fall ahead of the Christmas break. Every sector finished lower apart from healthcare, IT, and real estate, the latter benefitting from better than expected retail sales figures….

ASX finishes flat, border closures hit travel, AGL Energy downgrades, weaker open ahead The ASX200 (ASX:XJO) finished flat to begin the week, with news that US politicians finally agreed on a USD$900 billion stimulus package not enough to offset the NSW outbreak and subsequent border closures. Every sector was lower apart from materials and consumer staples, with the latter benefitting…