wesfarmers ltd

ASX trades off high, retail sales higher, Wesfarmers flags tough comparables   The ASX 200 (ASX: XJO) finished at an all-time high, adding 0.6% on Thursday as the energy sector continued to rally. The energy sector was 3.3% higher along with utilities, up 2% again, whilst consumer discretionary was the only detractor, falling 1.1%. Worley Ltd (ASX: WOR), which…

Tough finish to the week, Cochlear (ASX:COH) rallies despite taking a hit, QBE Insurance (ASX:QBE) reports billion dollar loss The ASX200 (ASX:XJO) dropped 1.3% on Friday, sending the benchmark to a 0.2% loss for the week despite a strong series of company reports. Friday’s weakness was driven by the energy sector, which fell 3.6% and mining, -2.4%,…

ASX finishes flat, CSL (ASX:CSL), Wesfarmers (ASX:WES) delivers again, Fortescue (ASX:FMG) delivers record dividend The ASX200 (ASX:XJO) finished flat for the day, but with growing dispersion in underlying company performance. Treasury Wine (ASX:TWE) lead the way, jumping 17.5%, but it was healthcare company CSL (ASX:CSL) that contributed most with the consumer discretionary (+0.6%) and the healthcare (+2.0%) the few winners. Unemployment…

Loosening the reins, ASX 200 higher, banks rally, US recovers on stimulus hopes The ASX 200 (ASX:XJO) staged a stunning recover, finishing the day 1.5% higher leading to a 1.7% improvement for the week. The financial sector, up 3.7%, contributed over half the recovery on its own, ANZ Banking Group Ltd (ASX:ANZ) and National Australia Bank…

The ASX 200 (ASX:XJO) overcame a weak lead from overseas markets to finish 0.3% higher, behind another rally in Wesfarmers Ltd (ASX:WES), up 1.5%.