sharemarket – Page 7 – The Inside Adviser

Local market begins on weaker note, EML loses CEO, Costa flags citrus issues

July 12, 2022 by Drew Meredith

The Australian market couldn't carry over a positive week for the US market, falling throughout the day to finish 1.1 per cent lower.There were very few highlights outside of the...

China stimulus news good for markets

July 11, 2022 by Drew Meredith

It was a solid week last week for the Australian market, advancing on four of the five days.The S&P/ASX 200 gained 138.1 points, or 2.1 per cent, for the week,...

Miners help Aussie market

July 8, 2022 by Drew Meredith

The benchmark S&P/ASX200 index finished at the highs of the day on Thursday, up 53.5 points, or 0.81 per cent, to 6648.0.The broader All Ordinaries rose 52.6 points, or 0.78...

Local market fights commodity jitters

July 7, 2022 by Drew Meredith

A tech rebound - possibly a dead-cat bounce - tried to drive the Australian market higher on Wednesday, but the concerns on commodity prices more than outweighed this.By the close,...

Rate rise surprises no-one

July 6, 2022 by Drew Meredith

As widely expected, the RBA raised the cash rate by 0.5 percentage points yesterday, taking it to 1.35%, as widely expected.This is the fastest back-to-back increase in rates since increases...

Warning: interest rate rise ahead

July 5, 2022 by Drew Meredith

The Australian share market ended in the green on Monday, despite investor skittishness ahead of today's Reserve Bank board meeting.The central bank is widely predicted to lift its cash rate...

Market reverses gains, commodities, energy sink, Brambles cut CostCo deal

July 4, 2022 by Drew Meredith

The Australian market started the session on a positive note, moving as much as 1 per cent higher on the first day of the new financial year but ultimately sank...

Local market gains on earnings, Tassal gets a bid, BWX slumps

June 29, 2022 by Drew Meredith

The local market managed to deliver another strong day, the S&P/ASX200 finishing 0.9 per cent higher.Five sectors were lower, albeit only slightly, with consumer discretionary the biggest detractor on concerns...

Market buoyed by Wall Street, gold stocks tank, OZ Minerals downgrade

June 28, 2022 by Drew Meredith

A positive lead from Wall Street, in which bad news on the economy became good news for stocks, resulted in the ASX gaining 1.9 per cent to begin the week.Every...

ASX snaps losing streak, Qantas cuts debt, Vulcan surges on big deal

June 27, 2022 by Drew Meredith

The local market has reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday which took the S&P/ASX200 to a weekly gain of 1.6 per cent.The...

Market overcomes lithium rout, Lake Resources continues to tank, property outperforms

June 24, 2022 by Drew Meredith

The selloff in lithium stocks has returned once again, with the likes of Pilbara (ASX: PLS) and Liontown (ASX: LTR) pushing the commodities sector to a 1.5 per cent loss.Along...

Market struggles to maintain gains, Crown Sydney approved, coal remains in focus

June 23, 2022 by Drew Meredith

The positive sentiment couldn't be maintained on Wednesday with weakness in the technology and financial sectors sending a 0.5 per cent gain to a 0.2 per cent loss.Energy and utilities...

Markets weaken on threat of recession, commodities, energy tank, Vicinity upgrades

June 21, 2022 by Drew Meredith

The local market open on an unexpectedly positive tone but ultimately finished 0.6 per cent lower as commodity and energy prices fell across the board.The selloff in energy and materials...

ASX caps worst week in two years, Humm deal off, oil falls

June 20, 2022 by Drew Meredith

The local market capped its worst week since March 2020 falling 1.8 per cent on Friday and dragging the S&P/ASX200 down 6.6 per cent for the week.This followed a 4.2...

ASX sinks to another loss, Link tanks on competition concerns, NZ contracts

June 17, 2022 by Drew Meredith

Australian shares were as much as 1.1 per cent higher during Thursday's session following the Federal Reserve decision to hike interest rates by 0.75 per cent, but ultimately finished 0.1...

Markets suffer worst drop since pandemic began, ASX enters correction, Polynovo a rare winner

June 15, 2022 by Drew Meredith

Anyone keeping up with the news overnight is aware of the headlines. $88 billion lost in a single day, market crumbles, stocks tank; there will be no lack of hyperbole...

ASX falls in worst week since 2020, Atlas bid, Douglass returns

June 14, 2022 by Drew Meredith

The local market was pushed lower by the global turnaround in interest rates with the S&P/ASX200 falling 1.3 per cent to finish the week.Every sector was lower, led by property,...

Yellow glow on ASX. Banks bomb out. US indices lower, energy up.

June 9, 2022 by Drew Meredith

Yellow glow on ASX Resources came to the rescue on the Australian share market on Wednesday, with surging uranium and oil and gas stocks more than compensating for a shocker from...

Market falls on 50 basis point rate hike, confidence slips, every sector weaker

June 8, 2022 by Drew Meredith

The Australian sharemarket was on hold ahead of the RBA's latest board meeting and interest rate decision. A somewhat unexpected 0.50 per cent increase in the cash rate to 0.85...

US inflation bumps market higher, technology boom, AGL capitulates

May 31, 2022 by Drew Meredith

The weakest monthly inflation print in close to two years offered the best possible backdrop for the local market on Monday, with the S&P/ASX200 gaining 1.5 per cent.Technology was the...