Between the Bells

After broad selling across the market as the US Fed signalled rate rises, the local market rebounded on Friday, ending the week on a positive note. The market was boosted by positive earnings results in the US, with Atlassian and Apple providing strong quarterly earnings.  The ASX closed over 2% higher, with Imugene (ASX:IMU) in the lead. The biotech company gained 10.5% to $31.50, after announcin...

The Aussie share market took a dive this week, falling 4.7% (Mon-Thu), amid rising inflation, the global spread of the Omicron variant, and the risk that Russia will invade Ukraine. In this week’s wrap, Sophia covers: - (0:31) Codan (ASX:CDA) delivering a positive trading update - (0:56) Why Adairs (ASX:ADH) lost 27% - (1:27) The stocks Bell Direct clients were trading the most - (1:50) The value...

Yesterday the ASX was closed for the Australia Day Public Holiday. On Tuesday however, Australian shares tumbled and the ASX200 closed 2.5% or 177.9 points lower. This was the second biggest sell-off this year, with an inflationary shock as CPI came in ahead of consensus and fears about higher interest rates, as well as the invasion of Ukraine. All sectors were in the red, with energy declining th...

Yesterday, the ASX200 closed 0.5% lower to 7,139 points, and it was the technology, utilities and mining stocks that were hit the hardest. On the flip side, the real estate sector managed to post a 1.45% gain.  The best performing stock was Uniti Group (ASX:UWL), up an impressive 9.3% after it was revealed that multiple approaches have been made towards the company, suggesting an interest in acqui...

Last Friday, we saw the Aussie share market fall 2.3%, its biggest, single-day decline in two weeks and largest weekly loss since October 2020. It was a very broad selloff, with all sectors closing in the red. Boral (ASX:BLD) was up 2% despite no news out from the company. Some mining stocks also performed well, including Gold Road Resources (ASX:GOR) and Northern Star Resources (ASX:NST). Meanwhi...

The Aussie share market declined 0.7% this week (Mon-Thu), weighed down by the tech sector. Meanwhile, the energy, materials and the consumer discretionary sectors were in the green.    In this week’s wrap, Sophia covers:  (0:34) HUB24 (ASX:HUB) advancing after its positive Q2 update (1:29) BrainChip (ASX:BRN) continuing to shine, up 30% (1:50) The stocks Bell Direct clients were trading this week...

Yesterday the Aussie share market followed Wall Street’s lead, closing 1% lower, with the tech sector weighing down on the market the most. All four of the banks closed lower, with CBA posting the biggest loss, down 1.5%. Only the energy and utilities sectors managed to post small gains.   On the ASX200 stock leaderboard, the best performing stock was artificial intelligence company, Appen (ASX:AP...

The local market closed 0.1% lower yesterday. While materials lead the market, the healthcare sector declined the most.  Biotech company Imugene (ASX:IMU) rallied 7%, closely followed by JB Hi-Fi (ASX:JBH), who reported a better-than-expected first-half trading update. Total sales managed to rise, while net profit fell 9.5%. JBH closed yesterday at $49.84 and Bell Potter maintain their HOLD rating...

Yesterday, the Aussie share market pushed 0.3% higher, supported by both the consumer discretionary and energy sectors. All eyes were on China, as we found out that China's economy grew 4% in the fourth quarter from a year earlier, faster than expected but its weakest expansion in one and a half years.  The consumer discretionary sector advanced the most, led by Wesfarmer’s gain following its...

On Friday, the ASX200 ended its worst week since November, amid a sell-off among tech stocks. The tech sector declined 4%, with Afterpay (ASX:APT) at its lowest price since July. WiseTech Global (ASX:WTC), Nuix (ASX:NXL) and Nearmap (ASX:NEA) were all lower, and Xero (ASX:XRO) was down the most, falling 9%. Consumer staples also look a hit, and the local market closed just over 1% lower.  Medical...

The Aussie share market gained 0.3% this week (Mon-Thu). The energy sector advanced the most, while the consumer staples sector took the biggest hit.     In this week’s wrap, Sophia covers:  (0:23) AGL Energy (ASX:AGL) lifting 15% following a broker update (0:45) PolyNovo (ASX:PNV) gaining after record US sales reports (1:14) Why investors bought into BrainChip (ASX:BRN) (1:34) What stocks Bell Di...

Yesterday the ASX200 lifted 48 points or 0.66% higher, the market’s first gain of the week, boosted by both the energy and tech sectors, which gained 3% and 2% respectively. Also supporting the market was solid gains for commodity prices, as well as Jerome Powell’s testimony that confirmed the Fed would lift rates if needed to check prices.  Nickel Mines (ASX:NIC) led the way, up an impressive 6.5...

Yesterday Australian shares fell for the second straight trading session. The benchmark index was dragged down mostly by the major banks, real estate, and consumer staples, and the ASX200 closed 0.76% lower. Meanwhile, materials managed to close slightly higher.  PolyNovo’s (ASX:PNV) share price gained rose an impressive 25.2% yesterday to $1.79. They reported unaudited record US sales in December...

The Aussie share market started yesterday down 0.6%, however managed to close just 0.08% lower yesterday to 7,447. Only three sectors managed to post gains, while the tech and consumer discretionary sectors were hit the hardest. The tech sector is suffering from a spike in bond yields as markets anticipate a faster tightening cycle by central banks. Looking at the ASX200 stock performance, the top...

Last week the market had a jumpy start to the year. Mid-week, the market hit a 4-month high, then on Thursday the market had its worst session in 16 months. On Friday however, the ASX200 ended the week on a positive note, advancing 1.3%, with all sectors in the green. Energy, financials and utilities were up the most.  Medibank, one of the country’s largest private health insurance providers, (ASX...

Yesterday, the market closed 0.4% lower. Shares rose higher after the US Fed announced it would wind down its asset purchases, known as tapering, at a faster pace amid a continued rise in inflation, and signalled an interest rate rise next year. Information technology gained the most, while healthcare fell 5%. The local market was dragged into the red by heavy losses from CSL, which lost over 8% y...

The Aussie share market closed 0.7% lower yesterday, its biggest fall in nearly two weeks, with nearly all sectors closing in the red. Tech shares led the losses, down 2.6%. It was only the utilities sector that was able to post a modest gain of 0.3%.    On the ASX200 stock performance, just 40 of the top 200 blue chips by market value posted a positive gain for the day. The best performers includ...

Australian shares closed flat yesterday. The real estate sector led the gains, while consumer staples declined 4%. Medical device company, Polynovo (ASX:PNV), jumped 15%, from $1.36 to $1.57 yesterday, after a positive business update, advising that its US segment had experienced a strong start to the second quarter. Charter Hall (ASX:CHC) gained over 5%, extending its gains from the previous sess...

The Aussie share market pushed 0.4% higher yesterday, to start the new trading week off on a positive note. Most sectors posted gains, with the energy, real estate and materials sectors leading the way, while the financial and healthcare sectors came under a bit of pressure.   Netwealth (ASX:NWL) was the biggest gainer, while Charter Hall Group (ASX:CHC) rose 5.6% to a new all-time high, following...

The market lost some ground last Friday, after what had been a positive week and closed 0.4% lower, with utilities up the most. Online marketplace Redbubble (ASX:RBL) was the best performer on the ASX200, gaining over 10%. UBS initiated coverage of the stock, with a NEUTRAL rating and a $3.45 price target. Iluka Resources (ASX:ILU) gained over 7%, amid a broader rally in the electric vehicle focus...

Fears of the new Omicron variant subsided this week, as the market rallied 2% (Mon-Thu). All sectors made solid gains, with the energy, consumer staples, real estate and healthcare sectors advancing the most. In this week’s wrap, Sophia covers: (0:36) Metcash (ASX:MTS) gaining 12% after strong half-year results (1:13) The biggest movers in the All Ords  (1:33) What stocks Bell Direct clients were...

The Aussie share market advanced for the fourth straight day yesterday, up as much as 1.7%, before pulling back and closing a modest 1.3% higher.  All sectors posted gains, with the consumer services, information technology and materials sectors leading the way, all up 2%. The banks performed well, with NAB up 1%, the most out of the major four banks. Zip (ASX:Z1P) was the best performer, lifting...

Yesterday the market closed higher for the third straight session, advancing 0.95%. Apart from utilities, every other sector moved higher. Energy led the gains, rising more than 2%.  Tech stocks rebounded, with Zip Co (ASX:Z1P), Nearmap (ASX:NEA), and Tyro Payments (ASX:TYR) all making the top 10. Travel stocks also rebounded as investors grow more confidence that the new COVID-19 Omicron variant...

The Aussie share market started the trading week to yet another choppy and directionless trading session, in which gold miners and supermarkets gained ground, while tech stocks slumped.  Embattled property giant, Evergrande fell as much as 15% to an eleven-year low, after it said that there was no guarantee that it would have enough cash to meet its next debt repayments.  The utilities sector adva...

The Aussie market ended last week with gains, with the energy sector rising the most, up 1.6%. The energy sector was led by Oil Search (ASX:OSL), Whitehaven Coal (ASX:WHC), BlueScope Steel (ASX:BSL) and Nickel Mines (ASX:NIC), which all ended the week higher. The financials also performed well on Friday after a volatile week. Meanwhile healthcare declined.  Imaging software company Pro Medicus (AS...