Between the Bells

The local market jumped 1% or 70 points higher yesterday to close at 7,182 points.  Sectors wise, the majority of the industry sectors were in the green, with the materials and tech  sectors rallying the most. Meanwhile, the consumer staples sector declined 1% and the financial sector experienced a bit of pressure with three of the big banks, CBA, WBC and NAB declining. The best performer was Cham...

The local market yesterday closed with a gain of 0.27%. Energy stocks lead the ASX200, up more than 2% at the close, as oil prices rallied in response to Shanghai’s reopening, and as investors await developments around a proposed EU ban on Russian oil. Utilities and materials also closed in positive territory, as did the financials, with the major banks all higher. The 10 best performing stocks on...

Yesterday the market was up as much as 1% in the first hour of the session, following a strong trading session over on Wall Street, and soon after that the market started to drop, following weak economic data from China. China’s April retail sales dropped 11.1% on the year, when the market was expecting a 6% drop, so it fell almost twice the forecast. Additionally, the unemployment rate in China r...

Before we jump into today’s session, let’s have a quick look at what happened in last Friday’s session. The local market surged 1.9%, and despite this being the strongest lift we’ve seen since late January, it wasn’t enough to recover Thursday’s losses, with the market still closing 1.8% lower last week.  Sectors wise, all the industry sectors were in the green. The tech sector rallied the most, u...

The Aussie share market declined 3.7% this week (Mon-Thu), with all the industry sectors in the red as rates, war, inflation, and an upcoming election give investors plenty to think about. In this week’s wrap, Sophia covers: (0:38) Block (ASX:SQ2) falling 30% (1:00) Why the tech sector crashed (1:46) Seven tech stocks Bell Potter has a buy rating on (2:25) The best and worst performing stocks in t...

The Aussie share market managed to post a small gain of 0.2%, snapping its three-day losing streak. Aussie investors digested the latest consumer confidence data from Westpac showing that confidence was down 5.6% to 90.4 points in May, the measure's lowest level since August 2020, when COVID lockdowns were hitting Victoria.  So how did the overall market perform? The majority of the industry...

The major mining stocks lead the market’s losses yesterday and the market lost 1%, following a fall in commodity prices and doubts about Chinese growth, in its push to achieve its zero COVID strategy. Shanghai’s lockdown has been reinstated with some stricter rules, including the ban of food delivery services. Locally, materials, energy and utilities were down the most yesterday.  Looking at the A...

Yesterday, the Aussie share market started the new trading week extending its losses from the previous trading session.  The benchmark S&P/ASX200 index slipped 1.2%, reaching its lowest level since mid-March. It comes as China intensifies its zero-COVID policy, which in turn has deepened the supply chain crisis. Looking at the sector performances, the market was broadly sold off, with both the...

Last week concerns around aggressive monetary tightening by central banks saw markets sharply decline. Week-to-date the Australian market closed just over 3% lower, with all sectors lower. On Friday the market closed 2.2% lower, its worst trading session since February. Again, a broad based sell off ended with all sectors in the red. Tech and property shares declined the most.  Paladin Energy (ASX...

The Aussie share market came under pressure this week, as central banks started to act on taming inflation and normalising monetary conditions.     In this week’s wrap, Sophia covers:  (1:40) Why Imugene (ASX:IMU) tumbled (1:52) The best and worst performing stocks in the All Ords (2:11) The most traded stocks by Bell Direct clients (2:40) Big Aussie banks reporting earnings (4:20) Three economic...

Yesterday, the Aussie share market declined 0.2%, which means the market is now tracking 1.8% lower this week. Looking at the sector performances, the market was mixed. Notably, the real estate sector fell 1.5%, its lowest level in almost two months as investors began to factor in higher borrowing costs for property companies with interest rates rising.  The best performers included HUB24 (ASX:HUB...

Yesterday the market finished lower for the second straight trading session, down 0.4% or around 30 points. The market was steady yesterday while awaiting the RBA’s interest rate decision. And the central bank raised the cash rate by 25 basis points to 0.35%. The market was waiting to see whether rates would be lifted or if the RBA would hold off for another month, however it was wildly expected t...

Yesterday, the Aussie share market experienced a broad sell off, with the benchmark ASX200 index falling 1.2% to 7,347 points.  Sectors wise, all sectors were in the red. The hardest hit sectors were the tech, real estate, and communication services sectors, which all fell more than 2%. Looking at the ASX200 leaderboard, corporate bookmaker, PointsBet (ASX:PBH) led the way, advancing 5.7%, after G...

Week-to-date the ASX200 closed 0.5% in the red, however on Friday the market rebounded, recovering from the broad sell-off earlier in the week, and closing over 1% higher. All industry sectors posted gains. Although the tech sector declined the most overall last week, on Friday tech regained some of those losses, and was the best performing sector, managing to lift 2.25% at the close. That was fol...

The Aussie share market declined 1.6% this week (Mon-Thu), with nearly all industry sectors trading in the red. In this week’s wrap, Sophia covers: (0:11) How the inflation rate impacts the share market (1:09) What happens when the RBA lifts the interest rate (3:29) City Chic Collective (ASX:CCX) rising after strong sales growth (4:00) Why EML Payments (ASX:EML) fell a massive 44% (4:18) The most...

Yesterday, the ASX200 lost 56 points or 0.8% to close at 7,261 points. Aussie investors digested the latest inflation reading, which came in at 5.1%, that’s the highest reading since the introduction of the goods and services tax (GST) in the early 2000s. The jump in consumer prices reflected soaring fuel prices as well as surging building costs. The higher than expected increase has compelled eco...

Yesterday, the local market yesterday was trading in negative territory, ignoring the positive lead from Wall Street and closing with a loss of 2% or 155 points. There is a lot of focus recently on the impact that the lockdowns in China will have on the demand outlook of commodities, which weighed down on the market. The materials sector suffered the greatest loss, shedding more than 5%, following...

The local market took a bit of a hit in Friday’s trading session, falling 1.6%. That’s the biggest fall we’ve seen in over two months, and this followed Federal Reserve chairman Jerome Powell indicating that US interest rates are poised to rise higher and faster. Sectors wise, all sectors came under pressure, in particular the materials and tech sectors, which both fell over 2.5%. The healthcare s...

The Aussie share market advanced 0.9% this week (Mon-Thu). Most industry sectors posted gains, except for the tech and materials sectors which came under pressure. In this week’s wrap, Sophia covers: (0:56) Why Ramsay Health Care (ASX:RHC) gained 29% (2:32) Megaport (ASX:MP1) falling after disappointing results (2:51) The top stocks in the All Ords this week (3:35) The most traded stocks by Bell D...

The local market advanced slightly higher yesterday, up 0.1% to 7,569 points, just 0.8% off reaching its record high. Sectors wise, the healthcare sector led the market, boosted by a sizeable jump in Ramsay Health Care (ASX:RHC)’s share price.  RHC, the second largest Australian-listed health company lifted an impressive 24% to $80 per share, after receiving a takeover proposal from private equity...

Stocks rallied in yesterday’s session, with energy and materials pulling the market higher. The ASX200 closed 0.6% higher amid strong commodity prices, including the price of iron ore, with hopes of additional stimulus from China, a top importer, now that China is seeing risks of an economic slowdown following its COVID-19 lockdowns. The big miners and energy stocks gained yesterday, rising higher...

The local market advanced 0.6%, with nearly all sectors posting gains. The materials sector led the way, up an impressive 1.3%, while the financial sector was the only sector to post a loss. Looking at the ASX200 leaderboard, travel stocks soared. Qantas (ASX:QAN) lifted 7%, its best performance since November 2020, as investors showed renewed confidence for this beaten down sector of the market....

Yesterday, the consumer confidence index fell by 0.9% month-on-month in April, down for the fifth straight month, and this follows inflation rising and prospects of higher interest rates, which has dampened sentiment further.  The Aussie share market gained 0.34% with all sectors in the green, except the real estate, tech, and communication services sectors.  Looking at the ASX200 leaderboard, AVZ...

All sectors were down yesterday as commodity prices weakened. Long term interest rates also continued to push higher. Weighing down on the market yesterday was NAB’s business confidence survey, which increased to a 5- month high, while business conditions saw the largest jump since June 2020. The rise in conditions were driven by a large increase in retail, finance, business and property. And labo...

The local market rose slightly higher yesterday, up 0.1%. Sectors wise, the market was mixed. The financials sector lifted 0.78% with all four of the big banks rising and NAB hitting a five-year high. While the tech sector was down 0.85%.  On the ASX200 leaderboard, GrainCorp (ASX:GNC) was the best performer, jumping an impressive 6.8%. The company’s recent guidance upgrade resulted in Wilsons inc...