Market flat despite weak global lead, Woolies trumps Wesfarmer’s, Macquarie’s gain The S&P/ASX200 (ASX: XJO) continues to oscillate between winners and losers, with the losers directing the market today. The technology sector dragged the market 0.2 per cent lower as it fell 3.2 per cent during the session. The biggest detractor was Afterpay (ASX: APT) which is facing a challenge to the Square (NYSE: SQ) takeover…
The S&P/ASX200 (ASX: XJO) overcame a weak start, falling as much as 0.8 per cent to finish 0.3 per cent lower for the day. Whilst the sentiment has turned significantly negative, on the back of the falling oil price, Omicron variant and higher bond rates, the performance of individual stocks has been considerably more divergent. The materials sector continued its…
Market posts positive finish, AMP jumps, Westpac sued The S&P/ASX200 (ASX: XJO) managed to deliver another positive day, finishing 0.2 per cent higher despite giving back gains of over 1.5 per cent at the open. Weaker US futures hit confidence in the afternoon, with defensive earnings streams among the worst hit as the utilities and consumer sectors…
Omicron risk dissipates, commodities gain, energy takes OPEC+ hit Concerns that the Omicron-related sell off would look similar to March 2020 were sated on Monday, with the market recovering from a steep fall at the open to post a loss of just 0.5 per cent. The biggest contributor was a more positive outlook from US markets, where…
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South African strain spooks markets, Appen smashed, red everywhere Being the only market trading on Friday, the S&P/ASX200 (ASX: XJO) bore the brunt of the global sell off as news emerged of another, more dangerous strain of COVID-19 found in South Africa. Potentially resistant to existing vaccines, the news spooked the market sending the market down 1.7…
