Between the Bells

The Aussie share market advanced 1.5% this week (Mon-Thu), with the materials sector leading the way. Reporting season also kicked off with some key companies releasing their results.     In this week’s wrap, Sophia covers:  (0:34) What to consider this reporting season (1:20) Rio Tinto's (ASX:RIO) weaker than expected half-year results (2:30) BNPL stock, Zip (ASX:ZIP) almost tripling its val...

Yesterday, our local market posted a modest gain of 0.2%, its second session of gains. While the market started off slowly, it rose in the afternoon after the latest inflation reading, which showed that the price we paid for goods and services over the past year had lifted by 6.1%. That’s the strongest lift we’ve seen in two decades, however it wasn’t as hot as consensus’ expectation of 6.3%. This...

Yesterday, our local market nudged 0.3% higher, reaching a six-week high, with six of the 11 industry sectors posting gains. Energy shares led the way. Meanwhile, consumer discretionary and healthcare shares were the biggest decliners.  Looking at the ASX200 leaderboard, BNPL stock Zip (ASX:ZIP) advanced the most, rising nearly 20%, and closing above $1 for the first time in two months. There was...

Yesterday the market closed completely flat, however we did see materials and utilities gain over 1%. An uptick in iron ore, nickel, aluminium and zinc helped boost some mining stocks higher, while tech shares declined.  Leading the tech losses was EML Payments (ASX:EML), which fell more than 22%, after reporting that its facing some challenges regarding its remediation programme and their dealing...

Our local market closed flat on Friday, however, did deliver its best week since March. On Friday, real estate and financials gained the most. All four major banks closed higher, and tech stocks also rallied.  Leading the market was Pointsbet Holdings (ASX:PBH), Zip Co (ASX:ZIP) and EML Payments (ASX:EML), while the worst performers were Coronado Global Resources (ASX:CRN), Paladin Energy (ASX:PDN...

The Aussie share market rallied 3% this week (Mon-Thu), with almost all industry sectors in the green. Tech shares advanced the most after the US government passed a bill that will provide $50 billion in subsidies for computer chip manufacturing.     In this week’s wrap, Sophia covers: (0:16) Reporting season kicking off next week (1:14) How inflation impacts the gold price (2:20) Five tech stocks...

Yesterday, our local market advanced 1.7%, its best gain in around three weeks, again supported by a strong session in the US on Tuesday, after profit results from some well-known companies came in better than expected.  We also heard from RBA Governor Phillip Lowe, who said he expected the RBA to lift the cash rate to 2.5%, but whether that eventuates, as well as how quickly that may happen “will...

Our local market closed 0.6% lower yesterday, partly due to comments made by the RBA’s deputy governor, who stated that the official interest rate will move “a fair bit higher than where we currently are.” This put pressure on tech shares, which are interest rate sensitive. They declined 3%. And only two of the 11 industry sectors gained: energy was the best performer, up 2.5% and utilities gained...

Our local market started the new trading week with a gain of 1.2%, supported by a strong session on Wall Street and in Europe on Friday. Sectors wise, tech stocks led the day’s gains. Energy stocks also performed well after Brent oil prices jumped on Friday. Financials climbed about 1.4%, with three of the big four banks rising. Meanwhile, the healthcare sector dropped 0.5%.  The best and worst AS...

The Australian market is down 1% week-to-date and closed 0.7% lower on Friday, weighed down by the materials sector. Materials dropped more than 3% on Friday and just over 6% in the week. This was mostly driven by a pullback in iron ore prices, with concerns about weak demand from China, with recurring COVID-19 outbreaks, as well as low profitability at Chinese steel mills. On top of this, there a...

The Aussie share market declined 0.4% this week (Mon-Thu). Australia's unemployment rate for June dropped to 3.5%, which was well below the 3.8% expected, as the economy continues to recover from the pandemic.  In this week’s wrap, Sophia covers: (0:14) The market's reaction to the latest US inflation reading (2:57) Coal stocks outperforming this week (3:35) Why BNPL stock Sezzle (ASX:SZ...

Our local market ended yesterday’s session higher, rising 0.2% despite mining and energy stocks coming under pressure off the back of subdued commodity and metal prices.  Sectors wise, the majority of the market posted gains, with the consumer discretionary, tech and communication services sectors advancing the most. While the energy sector declined 1.8%. As for the best and worst ASX200 performer...

The Australian market edged higher yesterday, quickly brushing off the weak lead from Wall Street. Materials shares declined the most, as commodity prices fell, while coincidentally the US dollar index rose to the highest level in 20 years, and the US dollar index is a measure against six currency counterparts. The fall in commodities also dragged the Australian dollar down to a two-year low.  Buy...

Our local market started the new trading week with a loss of 1.1%, with the majority of the industry sectors in the red. The materials and tech sector felt the most pressure, as investors braced for a US inflation reading, as well as domestic jobs update later this week.  Looking at the ASX200 leaderboard, EML Payments (ASX:EML) fell a massive 25% after its chief executive Tom Cregan exiting the f...

Our local market rebounded last week, gaining 2% week-to-date. Most sectors gained WTD, apart from industrials and materials. And taking a quick look at Friday’s session, a rebound in commodities boosted Australian shares and the market closed 0.5% higher, with energy and materials in the lead. Australian shares were largely unaffected by the declines in share markets across Asia on Friday afterno...

The Aussie share market has advanced 1.7% so far this new financial year (Mon-Thu), accelerating after the cash rate was raised to 1.35%.    In this week’s wrap, Sophia covers:  (0:59) Why commodity prices have tumbled (1:47) Attractive tech stocks in the current market environment (2:22) Bell Potter's FY23 stock picks across five sectors (4:39) The most traded stocks & ETFs by Bell Direc...

Yesterday our local market closed in the red for the first time this week, declining 0.5%, off the back of renewed worries about a global recession. This led to a sharp fall in the Aussie dollar, commodity prices and global markets. Mining and energy stocks suffered heavy losses, with both sectors sinking more than 5%, offsetting the gains seen across most other sectors, like real estate and tech....

Yesterday the RBA’s rate hike was in line with expectations, which saw the share market slightly accelerate. The cash rate was raised by 0.5% or 50 basis points to 1.35%. It was the third consecutive increase, with the central bank taking an aggressive approach to taming inflation. Remember, higher interest rates make it more expensive to borrow money, and this takes some of the pressure off risin...

Yesterday, our local market started the new trading week with an impressive gain of 1.1%, with all eleven industry sectors closing in the green. The energy sector posted the largest gains, up 2.6%, closed followed by the real estate sector and consumer discretionary sectors, which were both up around 2% each.  Looking at the ASX200 leaderboard, one of the best performers was Imugene (ASX:IMU), whi...

Week-to-date the ASX200 is down 0.6% with real estate taking the biggest hit, while utilities remain strong. However, on Friday real estate was the best performing sector, rising 1.5%, while materials and energy suffered from a downturn in commodity prices.  BNPL company Zip (ASX:ZIP) had good start to the new financial year, rebounding 9%, after the company was the worst performing stock in June,...

The closing bell has rung for the 2022 financial year, and the Aussie share market finished with a loss of 10.2%, the third negative return this past decade. This was in comparison to the impressive 24% return the market delivered during the 2021 financial year. In this week’s wrap, Sophia covers: (0:55) The 2022 financial year wrap: winners & losers (2:16) Why Evolution Mining (ASX:EVN) dropp...

Our local market closed lower yesterday, down 0.9%, snapping its four-day winning streak, with the benchmark ASX200 index on track to finish its worst month since March 2020. Eight of the eleven industry sectors were in the red, with the real estate sector coming under the most pressure, as many property stocks went ex-dividend yesterday. Meanwhile, financials, consumer staples and the energy sect...

The benchmark ASX200 index posted its fourth consecutive day of gains, up 0.9% at the close. The strongest sectors were energy, utilities and materials, gaining over 3%, while the consumer discretionary sector declined. Mining stocks advanced as oil futures rallied higher on reports that the G7 Nations are wanting to lift output, however Saudi Arabia is reluctant. Energy producers including Woodsi...

Our local market closed started the new trading week and final week of the financial year with a solid gain of 1.9%, supported by a strong rebound in bank stocks.  All eleven industry sectors posted gains, with the financials, energy, tech, and consumer discretionary sectors all gaining more than 2%.  Imugene (ASX:IMU) jumped a massive 46% after the company reported positive survival rates amongst...

Week-to-date the ASX200 rebounded 1.6% and gained 0.8% on Friday. Lithium shares such as Allkem (ASX:AKE), Liontown Resources (ASX:LTR) and Pilbara Minerals (ASX:PLS) all gained, as well as Vulcan Energy (ASX:VUL) after announcing its brought on board Stellantis, the European automotive manufacturing giant, as its second largest shareholder. And tech stocks made strong gains on Friday. It was the...