nasdaq

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…

ASX gains 1.2%, financials power ahead as Baby Bunting disappoints The ASX200 (ASX: XJO) finished at another record high on Friday, gaining 0.5% as the positive sentiment from reporting season carried through another week. Every sector finished higher outside of materials, with healthcare the outperformer adding 1.9% after CSL Ltd (ASX: CSL) once again near $300 per share adding 2.4% ahead…

CBA hikes dividend, announced buy back, IAG delivers another loss The ASX200 (ASX: XJO) finished at another record on Wednesday, adding 0.3% with the Commonwealth Bank (ASX: CBA) extending its dominance as Australia’s largest company. The share price rallied 1.5% almost singlehandedly pushing the market higher. Outside of the major banks it was a generally risk on day with energy and…

More records on climate change opportunity, James Hardie sees renovation boom It was another banner day for the sharemarket with the ASX200 (ASX: XJO) adding another 0.3% driven higher by an incredible rally in the lithium or ‘green energy’ sector. Whilst the materials sector was down 0.1% for the day, the likes of Pilbara (ASX: PLS) and Orocobre (ASX: ORE) were…

No records today, Suncorp smashes expectations, Transurban’s problem tunnel It was a flat day for the market despite a strong positive start, with the S&P/ASX 200 (ASX: XJO) giving up its initial 0.5% gain slowly throughout the afternoon. The majority of sectors were lower, or more broadly flat, with the financials sector the only real positive contributor…

Tech powers record week, iron ore price tumbles, records everywhere The ASX 200 (ASX: XJO) overcame another 8% fall in the iron ore price to deliver a 0.4% gain on Friday, ultimately taking the weekly increase to 2%. Afterpay Ltd (ASX: APT) capped off an incredible week with another 5.5% gain, but it was all about News Corporation (ASX: NWS) which jumped…

Another record, another lockdown, Nick Scali, Pinnacle dominates The ASX 200 (ASX: XJO) managed to eke out another consecutive record finish, despite adding just 8 points and finishing 0.1% higher. It continues a positive start to the month, driven by seven of the eleven key sectors finishing higher. This comes despite Victoria entering its sixth lockdown, another seven day…

ASX hits 7,500, Wesfarmers’ record high, mining continues to bounce The ASX 200 (ASX: XJO) continued its strong recent run with the mining sector once again taking the mantle back from technology, jumping 1.2% behind another record from BHP Group Ltd (ASX: BHP) which jumped 2.1%. This marks another record high with the benchmark closing above 7,500 points for…

ASX claws back, energy hit, IT takeover rally spreads The ASX 200 (ASX: XJO) spent most of the day clawing back from early losses, ultimately finishing down just 0.2% despite a weak lead from the US market. The story was similar to yesterday with 8 of the 11 sectors down but technology continuing to drive performance, up…

Rough finish to a flat week, materials hit more records, NAB’s buyback The ASX 200 (ASX: XJO) finished 0.3% lower on Friday, ending the week down just 0.02%. Behind the stagnant market was a growing level of divergence between industry performances. Materials and mining continued to power ahead behind record results and all-time highs for Fortescue Metals Group…