sharemarket – Page 3 – The Inside Adviser

ASX hits five month high, Virgin Money jumps, crypto stocks dumped

November 23, 2022 by Drew Meredith

The local market reached a five month high on Tuesday, buoyed by the energy and materials sectors once again, which finished 2.6 and 1.2 per cent in the positive, the...

Australian sharemarket down on commodities, QBE costs spike, Nanosonic tanks

November 22, 2022 by Drew Meredith

The S&P/ASX200 commenced the week in the same manner it finishes, falling 0.2 per cent after holding onto a gain of as much as 0.3 per cent during the day. Both the...

BHP ups bid for OZ Minerals, market flat, NIB Holdings jumps on sales

November 21, 2022 by Drew Meredith

All eyes were on the materials sector on Friday, after BHP (ASX: BHP) lobbed a best and final bid for copper producer OZ Minerals (ASX: OZL). The offer of $28.25 per share was approved...

Sharemarket gains despite energy weakness, Webjet recovery continues, Seek guidance on track

November 18, 2022 by Drew Meredith

The S&P/ASX200 managed another small gain on Thursday, adding 0.2 per cent as strength in all sectors barring energy and materials, down 2.1 and 1.2 per cent each, managed to offset losses...

S&P/ASX200 falls on quarterly updates, Graincorp dividend hike, Nufarm lifts

November 17, 2022 by Drew Meredith

The S&P/ASX200 fell 0.3 per cent on Wednesday, with 8 of the eleven sectors finishing the red led by utilities, down 1.5 and retailers, down 1.3 per per cent. The highlight once...

Tech paces market as oil, lithium slide, AGL board renewed

November 16, 2022 by Drew Meredith

The local market fell 0.1 per cent on Tuesday under the pressure of a weaker energy sector, down 0.9 per cent, after OPEC+ cut their expectations for oil demand in 2023 and...

Market flat despite commodity surge, Elders sinks on update, oil price jumps

November 15, 2022 by Drew Meredith

The local market finished slightly lower, down 0.2 per cent, as a jump in commodities, particularly iron ore, offset losses across every other sector. The materials sector gained 3.4 per...

Market soars on inflation data, China restrictions, technology in focus

November 14, 2022 by Drew Meredith

The local market rode the US inflation data wave, gaining 2.8 per cent on Friday, buoyed by the hope that interest rate hikes may be set to ease. Every sector...

Market drops despite massive Origin takeover bid, Xero CEO quits

November 11, 2022 by Drew Meredith

The local market weakened as crypto turbulence spread into global equity markets, with the S&P/ASX200 falling 0.5 per cent. Half of the markets sectors were lower, led by energy and...

Gold miners lift market, Orica, NAB deliver strong reports, News sinks

November 10, 2022 by Drew Meredith

The local market was buoyed by an unexpected surge in the price of gold, which moved beyond US$1,700 per ounce once again. The result was a 2.5 per cent gain...

Market overcomes energy weakness, James Hardie sinks on weak property market

November 9, 2022 by Drew Meredith

The S&P/ASX200 gained another 0.4 per cent on Tuesday with a broad-based rally managing to overcome a selloff in the energy sector. The staples and utilities sectors were strongest gaining 1.3 and...

Commodity push market higher, Westpac profit flat, banks sold down

November 8, 2022 by Drew Meredith

The local bourse managed a positive start to the week, with signs of an improving economic outlook in China boosting the commodities sector. Materials gained 3.4 per cent behind 5...

Block jumps, market finishes higher, CSR, Pendal deliver

November 7, 2022 by Drew Meredith

The local sharemarket capped another positive week, closing 0.5 per cent higher on Friday on the back of a surge in the oil price. The energy sector gained 3.4 per...

Woolies sees inflation impact, Perpetual rejects new bid, AUB lifts guidance

November 4, 2022 by Drew Meredith

Shares in Woolworths (ASX:WOW) neared a one year low, falling 3.5 per cent, after the company delivered another quarterly update. While the headline numbers were solid, with sales up 1.8 per cent...

Market flat ahead of Fed decision, Amcor slides, building approvals slump

November 3, 2022 by Drew Meredith

The local market managed a small gain on Wednesday, adding 0.1 per cent, as strength in the energy and materials sectors, up 1.1 per cent each, offset losses in property...

Another 0.25 per cent hike, market rallies, the end is near

November 2, 2022 by Drew Meredith

The local market was spurred on by a smaller than expected cash rate increased by the Reserve Bank of Australia. The 25 basis point increase once again proved that what the...

Tech pushes market to gain, rate decision ahead, EML slump deepens

November 1, 2022 by Drew Meredith

The local market followed a strong overseas lead to post another 1.2 per cent gain on Monday, spurred higher by a rally in the technology and discretionary sectors, which added...

Market sinks on commodities, real estate gains, Brainchip tanks

October 31, 2022 by Drew Meredith

The local market finished the week on a negative tone, falling 0.9 per cent as the country's largest iron ore miners were hit by further falls in the price of...

Four on the trot for the Aussie market

October 28, 2022 by Drew Meredith

The local sharemarket advanced for a fourth straight day on Thursday, with a strong performance by the energy and mining sectors outweighing losses by three of the big four banks....

Aussie market shrugs off inflation reading

October 27, 2022 by Drew Meredith

The local share market managed a small gain on Wednesday despite the latest inflation reading surprising on the upside, raising the possibility that the Reserve Bank of Australia (RBA) could become more...