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ASX charts new highs despite Delta blues

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…

The Inside Adviser | 5th Aug 2021 | More
New highs for ASX as companies again defy COVID gloom

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…

The Inside Adviser | 4th Aug 2021 | More
Afterpay surge helps ASX scale new heights

Afterpay powers ASX to record, Santos takes out Oil Search, iron ore tanks The ASX 200 (ASX: XJO) powered to another record close on Monday, jumping 1.3% on what has been dubbed ‘the biggest day in Australian sharemarket history’; the IT sector added 6.5%. Whilst every sector finished the day higher, it wasn’t smooth sailing for materials,…

The Inside Adviser | 2nd Aug 2021 | More
  • ASX sags, but July marks 10th straight monthly gain

    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…

    The Inside Adviser | 1st Aug 2021 | More
    Record-setting miners drive ASX higher

    Market rallies, trifecta of iron ore records, property hit by Victorian Government The ASX 200 (ASX: XJO) delivered another positive day, adding 0.5% as the trifecta of iron ore miners including Fortescue Metals Group Limited (ASX: FMG), Rio Tinto Limited (ASX: RIO), and BHP Group Ltd (ASX: BHP) all hit record highs. This sent the materials sector 1.5% higher, beaten only by the…

    The Inside Adviser | 29th Jul 2021 | More
    ASX fades from highs as miners hit reverse

    Markets drift lower, Rio’s dividend bonanza, inflation spikes The ASX 200 (ASX: XJO) weakened throughout the session, ultimately finishing 0.7% lower on Wednesday. Every sector fell apart from property, which added 0.9%, with the local tech sector once again the hardest hit, down 2.1% as Afterpay Ltd (ASX: APT) and Zip Co Ltd (ASX: Z1P) continue to face global competition. Both Vicinity…

    The Inside Adviser | 28th Jul 2021 | More
  • Records broken as ASX200 closes above 7400 points

    ASX nears fourteen-year record, confidence slipping, OZ Minerals, BlueScope smash expectations It was all about the mining sector on Tuesday, with the diggers and dealers finishing 1.6% higher and pushing the market up another 0.5%. Across the board, it was an even split between those sectors that gained and detracted with energy also rallying but IT…

    The Inside Adviser | 27th Jul 2021 | More
    ASX touches new highs, flattens at the close

    ASX finishes flat, materials gain again, Lynas delivers records The ASX 200 (ASX: XJO) gave up another record opening, dropping 0.4% throughout the day to finish flat. Every sector finished lower barring materials and mining, which jumped 1% on the back of a strong update from miner Lynas Rare Earths Ltd (ASX: LYC). Energy dropped 1.4% and property trusts…

    The Inside Adviser | 26th Jul 2021 | More
  • New high for the ASX despite COVID gloom

    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…

    The Inside Adviser | 22nd Jul 2021 | More
    Dip-buyers push ASX higher

    Risk on, Altium offer pulled, property rallies, Lendlease selling, and Kogan on track It was ‘risk on’ once again for the ASX 200 (ASX: XJO) with the market up over 1% during the day but ultimately finishing 0.8% higher. The strength was broad-based with just two sectors, industrials and IT finishing lower, as both materials and real…

    The Inside Adviser | 21st Jul 2021 | More
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