stocks

After a three-month run as the most-traded ASX stock on Selfwealth’s platform, Neuron Pharmaceuticals ceded its spot to CBA in June as healthcare, mining and banking stocks jostled for investors’ attention.

Despite increased volatility emanating from the banking sector, tech stocks have been supported by falling bond yields on fears the global economy could slip into recession this year, with big-name companies leading the gains.

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…

Fifth straight weekly gain, tech back in favour, commodities tank, AUD weakens The ASX 200 (ASX: XJO) finished 0.1% higher on Friday as markets continued to digest this week’s change of heart from the Federal Reserve.  The IT sector overcame valuation concerns to jump 3.5% higher on Friday and 6.1% over the week. Leading the market was Afterpay (ASX: APT)…

ASX finishes at record high, The Reject Shop downgrades, energy leads the week The ASX200 (ASX: XJO) broke 7,300 points for the first time, ultimately finishing up 0.5% on Friday and 1.6% for the week; three consecutive records. On Friday it was 4X4 parts supplier ARB Corporation Limited (ASX: ARB) and Origin Energy (ASX: ORG) leading the way, jumping 6.3% and…

Here we go again, ASX flat as lockdown begins, Costa Group tanks, AMP sued The ASX200 (ASX: XJO) added just 2.4 points on Thursday after the Victorian Government sent the entire state into another lockdown. The news is expected to hit the economy to the tune of $1 billion but the market remains immune, with the IT sector once…

ASX down as Victoria braces, materials weaker, ALS profit jumps The ASX200 (ASX: XJO) finished 0.3% lower on Wednesday, with the materials and e-commerce sectors leading the fall.  BHP Group (ASX: BHP) and Rio Tinto (ASX: RIO) remain under pressure, falling over 2% each as the hot commodity sector is cooled by increasing supply. The Commonwealth Bank of Australia (ASX:…

ASX overcomes iron ore fall, exports smash records, Victoria on tenterhooks  The ASX200 (ASX: XJO) managed to deliver another 1.0% gain on Tuesday despite the backdrop of what appears to be nine COVID-19 cases in the northern suburbs. Whilst borders are not yet closed, Qantas (ASX: QAN) and Flight Centre (ASX: FLT) weakened in a broadly stronger market. Utilities were the…

Another weekly gain, inflation headwinds, Kogan canned, IPOs pulled The ASX200 (ASX:XJO) finished Friday on a positive note, up 0.2%, delivering a weekly gain of the same amount. For the day, only the materials and energy sectors finished lower, the latter on concerns of a boost in supply from Iran. The consumer staples and healthcare sectors were…