Five straight winning weeks for the ASX, Nuix (ASX:NXL) leads IPO frenzy The ASX 200 (ASX:XJO) adding 0.3% on Friday behind continued strength in the materials and financials sectors, sending the index to its five straight weekly gain, albeit just 0.5%. The standout by far was Sandfire Resources (ASX:SFR) which added 28.6% as copper prices…
Miners push ASX higher, iron ore hits seven year high, Macquarie (ASX:MQG) on the hunt The ASX200 (ASX:XJO) added 0.4% on Thursday almost entirely on the back of the iron ore and mining sectors. Fortescue Metals (ASX:FMG) and BHP Ltd (ASX:BHP) were the leaders adding 13.3% and 4.9% respectively after the price of iron ore surged to…
Choppy day for ASX200, recession is over, Pfizer (NYSE:PFE) vaccine approved in UK, soft open ahead It was a mixed day for the ASX200 (ASX:XJO), rallying strongly at the moment, falling 1% during the day but ultimately finishing flat. The materials sector was one of the few bright spots, with BHP Group (ASX:BHP) and Rio Tinto…
ASX overcomes weak start, interest rates on hold, Santos (ASX:STO) to be net zero carbon by 2040, strong open ahead Every sector on the ASX finished higher to start December, the ASX200 (ASX:XJO) adding 1.1% with consumer discretionary and financials the highlights. APRA released a scathing review of Westpac Bank’s (ASX:WBC) internal culture, but the…
ASX falls but adds 10% in November, Treasury Wine (ASX:TWE) drained but Chinese economy improving The ASX200 (ASX:XJO) dropped 1.3% to finish the month as markets digested the more aggressive approach taken by the Chinese on Friday. All sectors but IT fell with utilities and consumer discretionary the hardest hit on export concerns. Despite the…
ASX staring down best month since 1998, Treasury Wine (ASX:TWE) corked by China, but iron ore immune The ASX200 (ASX:XJO) finished higher for the fourth straight week adding 1.0% despite falling 0.5% on Friday. The vaccine-led recovery means the index is sitting on the best gain in over 30 years whilst leading our global peers having now controlled…
ASX rally slows, Origin Energy (ASX:ORG) confirms outlook, Bega Cheese (ASX:BGA) with a big buy, ASX to open lower The ASX 200 (ASX:XJO) end its winning streak following the weaker economic news from the US, the market falling 0.7% on Thursday as traders seemed to be tiring. It was those sectors and companies that have performed strongest…
More of the same, 2020 ASX losses evaporate, Harvey Norman (ASX:HVN) falls on strong profit, US markets pointing to flat open The ASX200 (ASX:XJO) weakened throughout the day finishing 0.6% higher, but has now overcome all losses sustained in 2020 and is on track for the best November in several decades. The sustained recovery on…
There has been somewhat of a Cold War between the industry and self-managed sectors of Australia’s superannuation environment over the last decade. Words have been exchanged on a near daily basis, discussing with a particular focus on SMSFs coming at a significantly higher cost than the alternatives and requiring a substantial amount of input from…
The Dow Jones was the latest index to join the all-time high club in 2020, breaching 30,000 points this week. Despite being owned by Standard & Poor’s the index is regularly seen as the poorer cousin of the S&P 500 or tech focused Nasdaq Composite. Why is that the case? Despite being around since 1896…
