materials

Miners send ASX to record, lithium boom 2.0, Zip tanks The ASX 200 (ASX: XJO) powered to a record close despite a bumpy start to the week, with the materials sector sending the market 1.1% higher. Materials jumped 2.2% and energy 2.5% with healthcare being the only detractor as the cyclical story returned. The highlight was lithium…

Happy new year, markets fall as gold shines, retailers under pressure, PEXA lists The ASX 200 (ASX: XJO) finished the first day of trading in the new financial year on a weaker footing, losing 0.7% with every sector apart from materials finishing lower. The consumer staples and discretionary sectors were the hardest hit, falling 1.3% and 1.2%…

ASX finished 0.7% higher, Crown (ASX:CWN) under offer, Fortescue (ASX:FMG) tanks The ASX200 (ASX:XJO) overcame a weak global lead to break a three day losing streak, adding 0.7% on Monday. Every sector was higher barring materials, with Fortescue Metals (ASX:FMG) dragging the sector lower, falling 4.3% on a further weakening of the iron ore price. Energy was by far the highlight,…