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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…

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…

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…

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…

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…

Volatile week ends at records, Star withdraws offer, Silverlake swimming The ASX 200 (ASX: XJO) managed to deliver another positive week, despite finishing just 0.1% higher on Friday.  The benchmark added 0.6% over the week, pushed higher by a recovery in the healthcare sector, which added 4.7% behind CSL Limited (ASX: CSL) being 5.7% higher despite any real news….

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…

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…

Reality bites, Oil Search gets a bid, AUD hits seven month low Defensive earnings remained sought after on Tuesday with the healthcare sector outperforming once again, adding 1% behind CSL Limited (ASX: CSL) which finished 1.3% higher. Growing global outbreaks of the Delta strain have shaken markets but the ASX 200 (ASX: XJO) was able to overcome an initial…

ASX hit, defensive rotation begins, Oil Search loses MD, Telstra takes on China  The ASX 200 (ASX: XJO) strengthened throughout the day, ultimately finishing 0.8% lower despite being as low as 1.1% during the morning session. The mining and energy sectors were weakest on concerns of a global outbreak of the Delta variant, with both falling by…