Between the Bells

The local market closed 0.79% higher on Friday but was virtually unchanged for the week as a broad market sell-off early in the week offset the rally that ended the week. The big banks rallied on Friday along with the materials and energy sectors. Bega Cheese (ASX:BGA) was the winning stock on Friday after the food company released full year results. Despite Bega’s NPAT falling 69% to $24.2 millio...

The Aussie share market declined 0.9% this week (Mon-Thu) as investor sentiment continues to ride on recession fears.     In this week's wrap, Grady covers: (0:12) Why it may be time to reposition your portfolio (1:04) Three sectors to watch in an inflationary market environment  (2:50) An update on reporting season  (3:23) Energy stocks surging following renewed focus on nuclear (4:33) The m...

The highly anticipated 3-day Jackson Hole Economic Symposium kicked off overnight. It’s an annual event that focuses on an important economic issue that faces world economies each year. This year they’re discussing “reassessing constraints on the economy and policy” and over 100 global central bankers, academics, finance ministers and journalists from around the world attend. It’s closely followed...

The Australian market extended its gains into Thursday, adding just under 1% to close the session in positive territory led by a rally for real estate and energy stocks. The big story of today’s session was Australian investment fund and trustee group Perpetual (ASX:PPT) announced it is acquiring its competitor, Pendal Group (ASX:PDL) in a cash and scrip deal to create a $201 billion global asset...

An uncertain week continues on Wall Street. The three major benchmarks closed higher overnight. It was a slow session however with traders a bit hesitant to make big moves. Traders are cautious ahead of Friday night in the US, when we’ll receive a monthly update on inflation which of course is highly anticipated as inflation is currently one of the key drivers of markets. And on Friday Jerome Powe...

The Australian market posted its first positive close for the week today, with the ASX200 closing the session up 0.52%. The energy sector led the gains today as investors piled into the sector following its solid performance in Europe and the US overnight.  Paladin Energy (ASX:PDN) was the winning energy stock today, gaining more than 8% at the closing bell despite no price sensitive news released...

The local market closed lower for the second straight session, down 1.2% to close below 7,000 points for the first time in two weeks. Shares were lower after a number of companies reported soft results, including Endeavour Group (ASX:EDV) and online retailer Kogan (ASX:KGN).  Sectors wise, only the energy and utilities sectors posted gains, while the rest of the market was deep in the red, with th...

Our local market came under pressure yesterday, closing 1% lower. It was a sea of red, with all eleven industry sectors declining. Leading the losses was both the consumer discretionary and tech sectors, after a number of company announcements as well as speculation of aggressive US policy tightening to control inflation.  The best performing stock was NIB Holdings (ASX:NIB), after the private hea...

The local market closed just 1 point higher on Friday but gained just over 1% for the week led by the materials sector jumping more than 3.4% for the week. The energy sector had its best session in months with energy stocks boosted by the passing of the US Inflation Reduction Act last week. Investors piled into Santos (ASX:STO) on Friday with the energy giant jumping more than 6% a day after relea...

We're excited to welcome Grady Wulff, our new Market Analyst at Bell Direct. Grady and the Market Analyst team are dedicated to bringing you daily insights to support you in your investment journey.     In her first weekly wrap, Grady covers: (0:42) Why the energy sector is in the spotlight (2:07) An update on reporting season (2:42) Consumer staples stocks outperforming (2:55) Bell Potter&ap...

Our local market yesterday closed 0.2% lower. The tech sector declined the most among the 11 sectors, while utilities also weighed down on the market. On the other end, energy and healthcare stocks advanced. And it was one of the busiest days of earnings results so far, with a long list of companies reporting.  On the ASX200, we saw intellectual property group IPH (ASX:IPH) shares soar 16%, follow...

Yesterday, our local market posted its third straight day of gains, closing 0.3% higher, with consumer staples and consumer discretionary stocks advancing the most, while the healthcare sector declined the most, weighed down by a 1.3% fall in CSL’s share price after its results release yesterday. The biggest gainer yesterday was Challenger (ASX:CGF), with the stock regaining some of its losses aft...

The Australian market had a solid session on Tuesday, with the key index closing the day at a 10-week high. The materials sector led the charge, closing the day more than 1.66% higher on the back of mining giant BHP (ASX:BHP) releasing record results for FY22, which in-turn caused OZ Minerals (ASX:OZL) shares to lift 1.3%. Gains in the materials sector were dampened though by Lake Resources (ASX:L...

Our local market closed 0.5% higher with the real estate and consumer discretionary sectors in the lead, while energy and financials were in the red.  Beach Energy (ASX:BPT) dropped the most on the ASX200 yesterday, after reporting its results. Although revenue jumped, the oil and gas producer reported a lower-than-expected production outlook, which disappointed investors. On the other hand, minin...

The local market closed lower on Friday but gained 0.2% for the week to notch out a fourth straight week of gains. The energy sector defied the broader market sell-off on Friday, boosted by an almost 4% rise for Woodside Energy Group (ASX:WDS). New Hope Corporation (ASX:NHC) and Beach Energy (ASX:BPT) also jumped more than 3% on Friday as investors piled into energy stocks amid rising energy price...

The Aussie share market advanced 0.8% this week (Mon-Thu), with reporting season in full swing. 70% of companies either beat or reported earnings in line with expectations.    In this week’s wrap, Sophia covers: (0:32) Where to consider investing now (1:47) Why lithium shares soared this week (2:33) OZ Minerals (ASX:OZL) jumping 35% after rejecting takeover offer (3:00) The most traded stocks &amp...

Yesterday, our local market ended its three-day winning streak, declining 0.5% with nearly all sectors posting losses, except for the utilities and financial sector. The biggest laggard on the market was the tech sector, which follows the 1.2% tumble seen over in Wall Street for its Nasdaq index on Tuesday.  The biggest gainer yesterday was Imugene (ASX:IMU), which rose 9.3% after the company prov...

Our local market closed 0.13% higher yesterday as communication services and tech stocks advanced the most. Energy stocks also rallied yesterday, following the news that OZ Minerals (ASX:OZL) rejected BHP’s takeover bid. Copper and lithium stocks also gained, with Lake Resources (ASX:LKE) closing the trading session more than 15% higher. LKE was followed by Megaport (ASX:MP1), which released solid...

Yesterday, the Aussie share market started the new trading week in the green, with a very small gain of 0.1%. Leading the market was the energy, materials, and utilities sectors, all up over 1.4%. Weighing on the market however was the consumer discretionary, real estate and industrials sectors, which were all down more than 1%.  Looking at the ASX200 leaderboard, OZ Minerals (ASX:OZL) jumped 35.3...

Our local market closed 0.6% higher on Friday, with materials advancing the most as gold miners extended gains, while energy stocks fell alongside a drop in the oil price.  NOVONIX (ASX:NVX) jumped 13.7% and was followed by miners including Liontown Resources (ASX:LTR), Ramelius Resources (ASX:RMS), Silver Lake Resources (ASX:SLR) and Core Lithium (ASX:CXO). Stocks that declined the most on Friday...

The Aussie share market lifted 0.4% this week (Mon-Thu), with tech shares outperforming. Reporting season will be in full swing next week, with a number of well-known companies reporting to the ASX.     In this week’s wrap, Sophia covers: (0:35) Five external factors that will impact company earnings (1:22) Bell Potter and Citi's forecasts for next week's company results (2:53) Tech shar...

Yesterday, the Aussie share market started the trading session in negative territory, down about 1% in the morning, but fought back in the afternoon to close 0.3% lower.  The tech sector was the top performing sector, up 2.2%. Materials also managed to post a small gain of 0.35%. However, the rest of the sectors were in the red.  Looking at the ASX200 leaderboard, Pinnacle Investment Management (A...

The ASX200 closed just 0.07% in the green, after earnings results from Appen (ASX:APX) and Credit Corp (ASX:CCP) disappointed investors. APX’s shares dropped after reporting a worse half than forecasts, as underlying earnings and revenue fell, while CCP’s shares dropped after reporting “challenging conditions”. Also yesterday, the RBA announced a further 50 basis point rise to the cash rate, now a...

The Aussie share market started the new trading week with a gain of 0.7%, supported by gains in utility, energy, and healthcare stocks. While three sectors posted losses: tech, consumer discretionary and real estate.   Looking at the ASX200 leaderboard, the top performer was Allkem (ASX:AKE) up 4.5%, despite any news out from the company. It seems the gain could be attributed to the longer-term up...

Week-to-date the market is up 2.3%, and up 0.8% in Friday’s session, as real estate, utilities and tech advanced. Companies have also been reporting their earnings for the June quarter, which has caused a bit of share price movement. On the ASX200, St Barbara Mines (ASX:SBM) gained after reporting a 40% jump in gold production. And EML Payments (ASX:EML) rebounded after a heavy fall earlier in the...