Between the Bells

The ASX200 posted a small loss of 0.2% for the week, however on Friday the market gained 0.5%. Materials advanced the most, the sector closing with a 1.6% gain, as the major mining stocks rose despite a drop in the price of iron ore. It was a positive trading session overall with 7 of the 11 industry sectors in the green. The major banks were mixed, with CBA and ANZ higher, while NAB closed flat a...

The Aussie share market declined 0.7% this week (Mon-Thu). The utilities sector outperformed, while the tech sector and consumer discretionary sector came under pressure.  In this week’s wrap, Sophia covers: (0:25 ) What happened in global markets in Q1 (2:26) Why it's worth considering nickel (3:52) What to think about when interest rates rise (5:04) Pendal (ASX:PDL) lifting 18% after receiv...

The local market declined 0.5% yesterday, weighed down by the tech sector as Aussie tech shares followed the US Nasdaq led, and took a tumble. Sectors wise, only the financials and consumer staples sectors managed to close in the green. The gains for the banks were partly due to the increase in interest rate expectations following the RBA’s monetary policy statement on Tuesday.  Looking at the ASX...

The local market advanced 0.2% higher yesterday, losing some of its steam in the afternoon when the RBA suggested an interest rate rise could be imminent. While the cash rate was kept at its historic low of 0.1%, many economists believe there will be an increase later this year, some expecting it to come as early as June. The Government’s cost of living packages announced in the Federal Budget las...

 Investors played it safe yesterday and traded cautiously, following the news that Germany is pushing for discussions with the European Union to ban Russian gas imports. This may lead to energy rationing in Europe and would push prices higher.  The market closed slightly higher yesterday, with utilities, materials and tech making the most gains. It was a profitable session again for mining stocks:...

On Friday mining stocks made strong gains, with BHP Group (ASX:BHP) contributing the most, rising over 4%. The energy sector rebounded on Friday, however week-to-date, it was the worst performer as the price of oil declined further. Allkem (ASX:AKE) closed 8.5% higher, after reporting record pricing ahead of the June quarter. AKE’s gains also boosted other lithium miners, including Pilbara Mineral...

The Aussie share market gained 1.3% this week (Mon-Thu), with all industry sectors advancing, apart from the energy sector. In this week’s wrap, Sophia covers: (0:10) Key insights from the Federal Budget (3:12) Why Life360 (ASX:360) & NOVONIX (ASX:NVX) rallied (3:55) 88 Energy (ASX:88E) crashing after disappointing results (4:16) The most traded stocks by Bell Direct clients (4:35) Four econom...

The local market pushed 0.67% higher yesterday, in what was a broad-based rally. Tech shares led the way, as well as some automotive companies that benefited from the Federal Budget, following the drop in the fuel excise. While the energy and materials sectors posted small losses.   Looking at the ASX200 leaderboard, tech names like Life360 (ASX:360), Megaport (ASX:MP1), Afterpay’s parent company...

Last night the Federal Budget was announced. There was a major focus on the cost of living and national security. Some of the positive news included cutting the fuel excise by 50%, in an effort to bring down petrol prices; low & middle income earners are to receive an additional $420 back on their tax returns; combining paid parental leave; a one-off payment of $250 to welfare recipients; and...

The local market managed to close with a small gain of 0.08% yesterday, a 10-week high for the benchmark ASX200 index. Sectors wise, the materials sector posted the biggest gain, and the financials, utilities and consumer staples sectors also lifted. While the remaining sectors posted losses, with the tech sector down the most.  Looking at the ASX200 leaderboard, materials stocks led the way, with...

On Friday the ASX200 closed 0.26% higher and rose to a two-month high at 7,406 points, supported by a rise in metal and energy prices. Seven of the eleven sectors closed in the green, with materials and utilities in the lead. Healthcare stocks led the market losses. On the ASX200 leaderboard, BlueScope Steel (ASX:BSL) was the top performer, rising over 5% to $21.46, boosted by the rising price of...

The Aussie share market has advanced 1.3% this week (Mon-Thu). Oil prices once again rose over US$120 a barrel, which helped boost both the utilities and energy sectors.  In this week’s wrap, Sophia covers: (0:42) Lithium explorer, AVZ Minerals (ASX:AVZ) gaining over 20% (1:54) Cettire (ASX:CTT) falling 21% after its CEO sold 35 million shares (2:08) The most traded stocks by Bell Direct clients (...

On Wednesday, Australian shares rose to a two-month high, as tech shares gained 3.5%, following the US tech rally. The local tech sector was led by Afterpay’s parent company Block (ASX:SQ2), which rose to its highest closing price since the company officially listed on the ASX in January, at $188.10.  Financials closed at the sector’s highest level since mid-November. Major banks, NAB, CBA, Westpa...

The local market was back in the green yesterday, up 0.9% with the materials and energy sectors boosting the market. Overall, the market was mixed, with six of the 11 industry sectors closing lower, with the tech sector down the most. Looking at the ASX200 leaderboard, Liontown Resources (ASX:LTR) was the best performer, up 6.3%, followed by AVZ Minerals (ASX:AVZ) and BHP Group (ASX:BHP), which ad...

The local market started the new trading week with a small loss of 0.2%, breaking its three-day winning streak from last week.  Sectors wise, the market was mixed, with the industrials and healthcare sectors declining the most, both falling over 1%, while the tech sector managed to post a gain of 2.5%.  Block (ASX:SQ2) was the session’s best performer, lifting a massive 9.2%, following another str...

Last week ended on a positive note, as Aussie shares closed higher for the third straight session, closing 0.6% on Friday, and lifting its weekly gain by 3.3%.  The energy sector led the market after the oil price rose 9%, while the tech sector followed. The technology sector was led by Block (ASX:SQ2), which rose 7.2% to $168.88. Liontown Resources (ASX:LTR), Paladin Energy (ASX:PDN) and Telix Ph...

The Aussie share market soared this week, rising 2.65% (Mon-Thu), supported by the US Federal Reserve's decision to raise rates for the first time since 2018. In this week’s wrap, Sophia covers: (1:05) Uniti Group (ASX:UWL) gaining 30% on news of a takeover offer (2:03) Agri-business Elders (ASX:ELD) jumping to a decade high (2:51) Why major mining stocks & energy producers lost ground (3...

Before we begin, we wanted to let you know that this week, we’ve donated $10,000 to Foodbank, as the clean-up and support efforts continue through flood affected regions in Australia. Foodbank is an organisation that is supplying food and water to the front line of the flood crisis including the SES volunteers. To help support the cause, you can donate here:  https://foodbank.raisely.com/helpnswfl...

Yesterday, the local market was dragged down by mining stocks, after iron ore futures China’s Dalian market dropped 7% and the iron ore contract for April on the Singapore Exchange dropped 9%. Several Asian markets were down 5-6%, following further lockdowns to contain surging COVID cases in China. More than $50 million people in China have been placed under lockdown in an attempt to achieve the c...

The local market advanced an impressive 1.2% yesterday, with 10 of the 11 industry sectors posting gains. The financial sector boosted the market the most, while the materials sector was slightly down 0.3%. Agribusiness, Elders (ASX:ELD) was the best performer, lifting 11% to a decade high. This was off the back of a positive trading update, where the company announced it expects its underlying ea...

Aussie shares ended the week in the red, down 0.9%, dragged down by a 3% fall in the tech sector. BNPL stock Zip (ASX:Z1P) was the worst performer on the ASX200, closed more than 8% lower. Xero (ASX:XRO) closed down more than 5%, while Altium (ASX:ALU) and lock (ASX:SQ2) were also lower. Meanwhile, utilities, energy and materials closed in the green.  The best performer on Friday was Allkem (ASX:A...

The materials and energy industry sectors have cooled off this week, however the Aussie share market gained 0.3% (Mon-Thu). In this week’s wrap, Sophia covers: (0:34) Mesoblast (ASX:MSB) leads the ASX200 (1:00) The gold miners that gained as the safe-haven commodity rose (1:36) Why Nickel Mines (ASX:NIC) tumbled 24% (2:51) The most traded stocks by Bell Direct clients (3:21) Bell Potter’s top tech...

Yesterday at ASX200 closed in the green for the first time in four days. The tech sector rebounded, after what had been a week of heavy losses, with software players WiseTech (ASX:WTC) and Xero (ASX:XRO) adding 6.4% and 1.8% respectively. The likes of Block (ASX:SQ2) and Zip (ASX:Z1P) also made gains. BNPL stock Z1P posted its first positive session since the February 25th.  Mesoblast (ASX:MSB) re...

We wanted to let you know that this week, we’ve donated $10,000 to the Australian Red Cross QLD and NSW Floods Appeal to provide vital humanitarian support to the people and communities affected by the 2022 floods. We're committed to supporting our community through this difficult time and are thinking of those Australians who have suffered catastrophic losses, knowing the journey to rebuild...

Yesterday, the local market had its worst day of the month, however energy and materials remained strong, boosted by discussions by the US to ban Russian oil imports into the US.   As commodities continue to rise, oil and gas producer Woodside Petroleum (ASX:WPL) was up 9.5%, and strong gains were made by gold miners Northern Star Resources (ASX:NST), Ramelius Resources (ASX:RMS) and Gold Road Res...