sharemarket – Page 2 – The Inside Adviser

Market mulls mixed China data

January 18, 2023 by Drew Meredith

A better-than-expected performance by China's economy in the December quarter was not enough to inspire the Australian stock market on Tuesday, perhaps overshadowed by a data release showing a fall in China's...

Strong start to 2023 continues

January 17, 2023 by Contributor

The Australian shares benchmark gained 60.1 points, or 0.8 per cent, on Monday to reach its highest level in nine months, at 7,388.2 points. The S&P/ASX 200 has had a good start...

Energy drives ASX higher, Mineral Resources bid, Fletcher takes a hit

December 19, 2022 by Drew Meredith

The local bourse couldn't manage a positive week, with a negative lead from Wall Street and renewed rhetoric around rate hikes impacting on sentiment. The S&P/ASX200 finished down 0.8 per cent with energy and...

Weaker Chinese data, aggressive Fed floor local stocks

December 16, 2022 by Drew Meredith

The Australian share market struggled on Thursday, with sentiment hit by a weaker-than-expected economic update out of China, and an aggressive statement from the Federal Reserve saying that at least 75 basis...

Aussie market rises across the board

December 15, 2022 by Drew Meredith

Local stocks enjoyed a positive lead-in from Wall Street, after the US consumer inflation figure rose 7.1 per cent in the year to November, less than economists had expected and down...

Banks boost local bourse

December 14, 2022 by Drew Meredith

A strong performance by the banking sector led the Australian share market on Tuesday, as traders and investors cast a wary eye ahead of the monthly US inflation readout overnight.The...

Hammered Origin leads market lower

December 13, 2022 by Drew Meredith

The S&P/ASX 200 fell 0.5 per cent, or 32.4 points, to 7180.8 on Monday, dragged lower by losses across the utilities sector, which contains Origin Energy - and the big electricity and gas supplier...

ASX gains, but down 1.7 per cent for the week, Healius sells assets as iron ore surges

December 12, 2022 by Drew Meredith

The local market managed to end the week on a positive note, adding 0.5 per cent, as continued strength in the iron ore price sent the materials sector close to...

China COVID easing fails to negate market fears

December 9, 2022 by Drew Meredith

Geo-political and economic worries mounted for the local share market on Thursday, with the upshot being a slide of 53.9 points, or 0.8 per cent, in the benchmark S&P/ASX200 index, to 7,175.5...

Market fails to bite on solid economic data

December 8, 2022 by Drew Meredith

Local shares followed Wall Street lower on Wednesday, despite the release of data showing that the Australian economy grew by 0.6 per cent in the September quarter, for an annual growth rate...

Although expected, rate rise weakens market

December 7, 2022 by Drew Meredith

The Australian share market eased on Tuesday as the eighth consecutive rate hike from the Reserve Bank saw the cash rate lifted by 0.25 percentage points, to 3.1 per cent - up...

Market up ahead of likely rate rise

December 6, 2022 by Drew Meredith

Despite plenty of uncertainty around what the Reserve Bank will announce with the cash rate this morning - although consensus expects that the central bank will lift the cash rate by another...

ASX falls, but up 1.3 per cent for the week, Santos sinks on exploration, Premier delivers record trade

December 5, 2022 by Drew Meredith

The week ended poorly for the domestic sharemarket, with the energy sector (down 2.5 per cent) dragging the S&P/ASX200 0.7 per cent lower. Real estate also fell 2.6 per cent with...

ASX jumps on Fed policy, Cochlear competition concerns, return forecasts upgraded

December 2, 2022 by Drew Meredith

The local market joined the global rally in risk assets with the S&P/ASX200 finishing 1 per cent higher on Thursday on the back of Jerome Powell's dovish comments in the US. A peak...

ASX gains on inflation data, energy, materials surge, Temple & Webster jumps

December 1, 2022 by Drew Meredith

What began as another rough day for the S&P/ASX200 finished on a much more positive note, as the market closed at its high, 0.4 per cent higher. The standout sectors were energy,...

ASX gains as China protests slow, Collins Food tanks, consumer sentiment up

November 30, 2022 by Drew Meredith

The local market managed to deliver another gain, the S&P/ASX200 adding 0.3 per cent as signs of improvement in China supported a rally in key commodity prices. Rio Tinto (ASX: RIO) gained 3.5 per...

China threat hits ASX, RBA says sorry, Frazis to leave BOQ

November 29, 2022 by Drew Meredith

It was a tough start to the week in Australia, with little in the way of a US lead, all eyes were on growing unrest in China, which ultimately saw...

CBA hits new high, ASX gains, EML jumps on Chairman’s departure

November 28, 2022 by Drew Meredith

The local sharemarket finished the week on a positive note, with the S&P/ASX200 gaining 0.2 per cent as more than half of listed companies gained. The standouts were property, utilities and the...

ASX strength continues, energy sinks on coal sales, Harvey Norman, Nick Scali shine

November 25, 2022 by Drew Meredith

Performance across the key sectors of the S&P/ASX200 continues to diverge with a weak day for energy, down 1.8 per cent, offset by gains in the technology and real estate...

ASX rally gathers steam, Qantas profit jumps, coal, energy rallies

November 24, 2022 by Drew Meredith

The local market continues to gather steam ahead of a number of major economic announcements, with the S&P/ASX200 finishing 0.7 per cent higher.The rally was driven by a surge in...