sharemarket

Correction continues, iron ore futures hit US$90, Ausnet takeover The S&P/ASX200 (ASX: XJO) suffered its worst day since February falling 2.1% on the back of ongoing weakness in the commodity sector. The market hit its lowest point in three months with just ten stocks out of two hundred finishing in the positive, including Boral (ASX: BLD) which added 0.3%….

ASX flat despite iron ore falls, IRESS deal pulled, AMP’s new low The S&P/ASX200 fell 0.8% on Friday erasing the week’s gains and ultimately leaving the index down three points for the week. After being the hottest sector for most of the year, the materials and mining companies continue to drag the market lower. On Friday it was all about iron ore with…

ASX falls, AGL hits record low, IRESS deal slowed, Pilbara hits record The S&P/ASX200 (ASX: XJO) dropped another 0.3% on Wednesday as the rally in the energy sector reverse, dropping 2.2%. The key driver was an announcement that OPEC+ expects the oil market to balance earlier than expected. Every major company fell with Santos (ASX: STO) and BHP (ASX: BHP) both falling 3.5%….

RBA spurs turnaround, energy sector surprise, Brambles profit hit The S&P/ASX200 (ASX: XJO) experienced a choppy session, initially falling 0.4%, before trading 0.5% higher but ultimately closing with a gain of just 12 points. Six of the 11 major sectors were higher led by energy which had its strongest day in seven months, gaining 4.4%. An oil…

ASX finishes higher, miners continue to run, Sydney Airport deal increased The ASX200 (ASX: XJO) overcame another negative lead to finish 0.3% higher with both energy and materials central to the positive result. The energy sector was 1.2% higher as the likes of Woodside Petroleum (ASX: WPL) and Santos (ASX: STO) gained on the back of approximately 1 million barrels of supply being…

Buyers emerge, base commodities rally, blue chips weaken Dip buyers emerged on Friday after the week’s significant sell off with the S&P/ASX200 (ASX: XJO) finishing 0.5% higher. Almost every sector was higher barring healthcare which fell 0.7% after outperforming on Thursday, but by far the highlight was another rally in base commodity companies. Everything from aluminium to…

ASX shocker, flight to quality, smaller companies sold off The ASX200 (ASX: XJO) suffered its worst day in months falling 1.9% with 95% of the largest 200 companies share price’s dropping. Every sector was lower and significantly so, with the major selling pressure hitting the popular smaller companies, technology, and consumer sectors. The tech sector fell 3.2% on the back…

ASX weaker, Macquarie stands out, gas merger to go green The ASX200 (ASX: XJO) fell 0.2% on Wednesday continuing the negative week with materials continuing to push the market lower, down 1%. Real estate was also hit with the likes of Goodman Group (ASX: GMG) down 2.1% on higher bond rates. The highlight was the financial sector which finished 10.6% higher as Macquarie (ASX:…

Market rallies on China hopes, Fortescue goes ex-dividend, Healthco spikes The ASX 200 (ASX: XJO) recovered from a loss of as much as 1% to register a five-point gain on Monday. Fortescue Metals Group (ASX: FMG) was the biggest drag on the market, falling $2.28 or 11% after paying out $2.11 in cash as a special dividend. A…

ASX higher as dividends rain, three new highs, AMA in trading halt The ASX200 (ASX: XJO) finished the week on a positive note, adding 0.5% with the market finish up the same amount of the five days. On Friday it was all about resources and utilities, with Alumina (ASX: AWC) jumping 6.7% on a booming aluminium price and lithium miner Orocobre (ASX: ORE)…