Between the Bells

The Aussie share market managed to gain 0.8% this week (Mon-Thu), regaining some of the heavy losses experienced last week. This comes despite US recession concerns continuing to weigh down on global markets.     In this week’s wrap, Sophia covers: (2:30) A stock to consider given the current energy crisis (3:21) PointsBet (ASX:PBH) gains after landing $94m investment (3:54) Why Lake Resources (AS...

Our local market closed slightly lower yesterday, down 0.2% or 15 points to 6,508, despite the rebound we saw over on Wall Street.  The market was mixed. The utilities sector pushed 2.1% higher, supported by gains in APA Group (ASX:APA). Energy stocks also rallied, like Woodside Energy (ASX:WDS), Beach Energy (ASX:BPT) and Santos (ASX:STO). Meanwhile tech and consumer discretionary stocks led the...

After what was a seven-day losing streak, Australian shares closed 1.4% in the green yesterday, with a rally in mining and energy stocks. Energy and financials were the best performing industry sectors. The 4 major banks all gained over 2%.  The top performing stocks were PointsBet Holdings (ASX:PBH) and Paladin Energy (ASX:PDN), while the worst performer was Lake Resources (ASX:LKE). The lithium...

Our local market started the new trading week in the red, extending its losses from last week, to close down 41 points, or 0.6% to 6,433. That marks seven straight days of losses for our market.  The biggest laggard on the market was the energy sector, which declined 5.2%, after oil prices dropped on Friday on worries that interest rate hikes by major central banks could cut energy demand. While t...

It was the worst week for the Australian market since the beginning of the pandemic in 2020. Week-to-date the ASX200 is down 6.6%, led by losses on Wall Street on concerns around aggressive policy tightening. On Friday, the ASX200 closed 1.8% lower, with materials, tech, financials and energy down the most. Taking a closer look at the leaderboard, the worst performing stock was G.U.D Holdings (ASX...

The Aussie share market took a dive this week, falling 4.9% (Mon-Thu). This followed the latest inflation reading out in the US, which saw the US Federal Reserve respond by lifting interest rates by 0.75%.  In this week’s wrap, Sophia covers: (1:55) Bell Potter's top picks in the uranium sector (2:20) The US Federal Reserve's rate hike (3:40) The tech and major mining stocks that suffere...

Yesterday our local market extended its losses, falling 1.3% or 85 points to close at 6,601. This comes as investors digested rising interest rate forecasts and an increase to the minimum wage. We also got an update on consumer confidence for June, which fell 4.5% month-over-month, back to levels seen at the beginning of the pandemic. Now confidence was weighed down by surging prices and expectati...

Yesterday was the worst trading session since May 2020, as we saw heavy losses that haven’t been since around the beginning of the pandemic. Billions were wiped from the market yesterday, with the ASX200 falling 5.3% in the first 20 minutes of the session, then very slightly recovering some of those losses. The market still closed 3.6% lower at 6,686 points. The reason behind this was the heavy se...

The market was closed yesterday for the Queen’s Birthday public holiday, so before we jump into today’s trading session, let’s have a quick look at what happened last Friday. Our local market experienced its worst week since 2020, dipping below 7,000 points, as markets digested the RBA’s second rate hike, which worried investors over the impact on the big banks' bottom lines. All sectors were...

The Aussie share market declined 3% this week (Mon-Thu), as interest rate sensitive sectors such as real estate, tech and financials fell following the RBA’s interest rate rise on Tuesday. In this week’s wrap, Sophia covers: (0:09) Why bank stocks have entered correction territory (1:39) Why Atlas Arteria (ASX:ALX) jumped 13% (2:00) Woodside Energy (ASX:WDS) booming as oil and gas prices rise (2:3...

The local market managed to gain 0.4% yesterday, regaining some ground after Tuesday’s interest rate rise slump. The market was up nearly 1% at one point, supported by tech, mining and oil stocks, however, ran out of stream by the session close, as all of the big banks raised their mortgage interest rates in line with the RBA, so the financials sector was the only sector to post a loss, down 2.9%....

The Australian share market tumbled yesterday, closing the trading session 1.5% in the red, after the RBA raised the cash rate yesterday, increasing the velocity of higher borrowing costs. In its June meeting yesterday, the RBA raised the cash rate by 50 basis points to 0.85%, which is the largest lift in 22 years – the last time it was raised this much was in February 2000. It is also the first t...

Yesterday, the Aussie share market started the new trading week in the red, dipping 0.5% lower to 7,206 points. The majority of the industry sectors posted losses, with the tech sector the biggest drag, falling 1.6%. While the energy sector posted a decent gain after Saudi Arabia raised oil prices substantially.  Looking at the best and worst performers, gambling company, Tabcorp (ASX:TAH) advance...

Week-to-date, the ASX200 gained 0.78%, with energy and materials gaining the most, while utilities declined. Last Friday was a positive session, with the ASX200 closing 0.9% higher, led by the materials and tech sectors, which each advanced more than 2%.  The major miners gained the most on Friday, boosted by demand for iron ore and well as a lithium stocks, which extended their rebound after Wedn...

The Aussie share market fell slightly this week, down 0.1% (Mon-Thu), with utilities, tech and financials coming under pressure. In this week’s wrap, Sophia covers: (0:10) Lithium stocks falling deep in the red (2:02) Why a2 Milk Company (ASX:A2M) gained 9% (2:55) Catapult Group (ASX:CAT) declining after disappointing results (3:20) The most traded stocks & ETFs by Bell Direct clients (3:50) T...

Yesterday, the Aussie share market started the month of June with a gain of 0.3% or 22 points, despite a huge lithium sell-off. The market was mixed. The communication services sector advanced the most, while the utilities sector fell a massive 5.3%.   Looking at the ASX200 stock leaderboard, lithium miners, like Pilbara Minerals (ASX:PLS), Liontown Resources (ASX:LTR) and Allkem (ASX:AKE) were am...

The local market fell into the red yesterday as the financials and technology sectors weighed down on the market, after hawkish comments from the US Fed, that moved US yields higher. Also weighing down on the market was the European Union’s decision to pursue the ban on Russian oil. This has been in discussion for a while now and yesterday the EU agreed to a partial oil embargo on Russia over the...

Yesterday, the Aussie share market started the new trading week with an impressive gain of 1.5%. The tech sector led the rally, up 4.6% after US inflation rose just 0.2% in April, which is the smallest increase we’ve seen in about a year and a half. So investors took the inflation data to mean that the central banks may deliver less aggressive rate hikes to control inflation.  The majority of the...

Week-to-date the ASX200 has advanced 0.52%, boosted by the rebound in Friday’s session, when the market closed just over 1% higher, lifting the ASX200 index to its second consecutive weekly advance. 10 of the 11 industry sectors posted gains. The best performing sectors were energy, which lifted as oil prices neared two-month highs, and the consumer discretionary sector, which followed optimistic...

The Aussie share market declined 0.6% this week (Mon-Thu), with only the materials and financials sectors managing to post gains. In this week’s wrap, Sophia covers: (0:17) Bell Potter & Citi's ratings on the major banks (2:06) Why Appen (ASX:APX) has crashed today (2:39) The most traded stocks & ETFs by Bell Direct clients (3:13) Four economic news item to watch out for

Yesterday, the ASX200 managed to lift 0.4% or 26 points higher to close at 7,155 points, despite the threat of rising interest rates and inflationary pressures again leading to a heavy tech sell-off.  Consumer staples stocks led the way, with the sector lifting 1.5%. Financials also performed well with all four of the big banks posting gains of over 1%. While, the worst performing sector was the t...

The local market fell 0.3% or 20 points lower yesterday to close at 7,128 points. The tech sector came under quite a bit of pressure, falling 3% after US tech stock Snapchat, plunged in after-hours trading. We’ll touch on Snapchat in just a bit. The rest of the sectors closed in the red, except for the real estate and financial sectors, both closing around 0.3% higher, with all four of the big ban...

The local market closed with little change yesterday, amid reviving fears about China’s economic growth now that there are rising COVID-19 cases in Beijing. Locally, materials and technology shares advanced the most, while utilities, financials and consumer staples declined.  On the ASX200 leaderboard, Codan (ASX:CDA) was the best performer after releasing its FY22 guidance. The company expects to...

Over the week the ASX200 gained 1%, with the tech sector in the lead, up 5% week-to-date. On Friday the market gained 1.15%, with most sectors in the green. Only energy and real estate stocks finished lower.  The standout stock on Friday was Chalice Mining (ASX:CHN), jumping 19%.The company received a new set of exploration approvals to expand its existing WA nickel projects. Following this, Bell...

The Aussie share market fell 0.15% this week (Mon-Thu), with industry sectors mixed. The consumer staples sector took the biggest hit, down 3.6%, while the tech sector managed to gain 0.5% after suffering major losses recently.  In this week’s wrap, Sophia covers: (0:48) The wage price spiral (1:50) Why biotech company Imugene (ASX:IMU) gained the most (2:39) A stock to consider if you want to buy...