The COB from ausbiz

The S&P/ASX200 closed up Thursday, gaining 35 points or 0.5% to 7,428 as buyers arrived in afternoon trade, yielding broad gains across almost every sector outside energy and the iron ore majors. Today's best performing stocks were Nib Holdings (NHF) and Chalice Mining (CHN), up 6.3% and 5.7% respectively. Over the last five days, the index is now virtually unchanged, Our top 3 VODs: Isles on...

The S&P/ASX200 closed up Wednesday, gaining 68 points or 0.9% to 7,393, crossing above its 125-day moving average. It was a generous comeback, only the technology sector unable to share in the gains. The top performers among Australia's largest 200 companies were AMP Ltd (AMP) and Orocobre,(ORE) up 9.3% and 6.3% respectively. Tyro Payments (TYR) not providing guidance at today's AGM, down...

The S&P/ASX200 is lower today, dropping 45 points or 0.6% to 7,326 and crossing below its 125-day moving average. The bottom-performing stocks in this index are Whitehaven Coal and IGO Limited, both scuttled by 9.1%. The Top 200 company index has now lost 1.6% over the last five days and sits 4% below its 12 month high. Three top VODS: Jun Bei's off to the races with these three buys The RBA's...

The S&P/ASX200 closed up Monday, gaining 47 points or 0.6% to 7,371. Now. How many times have you heard CSL described as the best company Australia has ever produced (and how many times have you wished you were in the IPO at 76 cents a share?) We can't promise we've found the next CSL, but our next event will give you the insights you need to invest in the biotech sector. We've lined up some t...

The S&P/ASX200 closed lower Friday, dropping 107 points or 1.4% to 7,324 dragged lower by a late afternoon surge in bond yields, the index crossing below its 50-day moving average. The big banks capitulated and the rest of the market followed, the Top 200 stocks have no shed 1.2% over the last five days, and now sits more than 4% below its 12 month high. The bottom performing stocks on Fr...

The S&P/ASX200 closed lower Thursday, dropping 18 points or 0.25% to 7,430, falling away in late trade after setting a new 20-day high. The chill wind of higher interest rates and falling commodities driving losses across the local market. Today's ultra-laggard was Pointsbet Holdings (PBH) might be making money, but not fast enough - quarterly negative cash flows almost topping $40 million.&nb...

The S&P/ASX200 closed five points higher on a choppy Wednesday to 7,449, recovering to be 0.1% following a surprisingly sharp CPI read.  Taking their lumps today, Codan Limited (CDN), crashing some 18%, despite a rather upbeat AGM, and a chunky, new multi-year defense contract for its subsidiary, DTC Communications. Go figure. There was no mystery to the 12% slide over at A...

The S&P/ASX200 closed up just two points on Tuesday to 7,443, flat as a pan for the session, having yielded up an early rally, with IT stocks outperforming, following the NASDAQ’s run overnight. Crown Resorts (CWN) stole the headlines with its let-you-off-this-time from the Victorian Royal Commission. Shares closed 7.8% higher after earlier hitting an eight-month high. Mineral Resources (...

The S&P/ASX200 closed 26 points, or 0.3% ahead on Monday, after the index shook of a morning stutter to jump 0.7% to a 6 week high at lunch, with the materials and energy stocks leading the way. Lower trading volumes perhaps reflecting a more cautious stance ahead of a massive week of economic and corporate revelations. Mineral Resources (MIN) led the gains, up 9%, while at the other end of ma...

Hallelujah! Evergrande has avoided the dreaded default on its dollar-denominated bonds and everyone's happy. Back home and the S&P/ASX 200 closed the week up just 0.10 points Today's biggest gainer was Healius (HLS) for a second straight day off the back of its Q1 earnings result. In total contrast, Lynas reported a decline in revenues (blame COVID-19) and Aurizon adding more heat to...

It was a flat Thursday on the share market. Sentiment was 'meh' - with energy a drag, despite the positive lead from Wall Street, where quarterly earnings continue to impress. Thermal coal futures in China have fallen 20% in two days on the threat of government intervention. The financials made headlines, with fund manager Perpetual surging close to 8% as its FUM passed the $100 billion...

The S&P/ASX200 closing up this Wednesday session, hitting the month's high water mark. AGM season dominating today... from Fletcher Building  to iSelect , we went to the c-suite. Every sector bar energy posted convincing gains. Spare a thought for Star Entertainment and Whitehaven Coal. In contrast, the online retailers Kogan and Redbubble did well. Oil prices are lower, iron ore is highe...

Markets were looking rosy this morning with big bumps across the board, but as the day wore on, so did market sentiment. The S&P/ASX 200 closed practically flat after all was said and done. Today's big winners reflect the most speculated and most exposed to a decline in long bond yields. Names like A2 Milk, Zip Co and Appen outperformed. In contrast, industrials like Bluescope Steel and t...

Markets ended in the green despite, China's Q3 GDP figure which came in worse than analysts' expectations, while Kiwi Q2 CPI overshot. Energy and metal-centric stocks rallied. It may have helped that Sydney eased more COVID-19 restrictions just a week after lifting its lockdown. Travel names REX and Qantas also got some buying action due to the NSW reopening while online trader Kogan and gold...

If you had your bags packed, ready for quarantine-free travel in New South Wales, then I'm afraid you may need to unpack them again. PM Scott Morrison clarifying this rule will only apply for Australian citizens and permanent residents.... to be continued. In other news - the S&P/ASX 200 finished the day up 0.69%. Every sector was joining the party bar the utilities. Among the day's best...

Clearly all of Australia's investing world woke up on the right side of the bed today. The S&P/ASX200 finished up 0.54% in today's trade. Bar financials and energy names, it was an up day for just about everyone. Special shout out to the tech sector which was up 3%+ today. Shares in Netwealth soared up around 16% after funds under management climbed 10% to over $52b. It also rai...

The market hovered between small gains and small losses today. Newsflow was dominated by the Bank of Queensland's full year result, small cap earnings results and a new hydrogen plan which has rekindled the ESG conversation for the nth time. Bubs Australia going ga ga up around 40% post earnings, taking A2 Milk with it. In contrast, BOQ and the materials space fared the worst by far. In...

The S&P/ASX200 closed lower this Tuesday dropping 19 points. Bar technology and healthcare which saw steep selling and buying respectively, most sector moves were unconvincing. Ironically, the Australian market is actually outperforming most Asian region peers today. As of writing, the Hang Seng is down more than 1%, not helped by more whispers of a tech-financial services clampdown by Be...

New South Wales residents were finally allowed out of their homes but the markets were not as cheery. The ASX finishing down 0.28% in today's trade. Every sector falling on the day, bar energy which continues to pop as the global power crisis rolls on. Fan favourites Whitehaven Coal and Fortescue Metals (FMG) finished the day as the best performers, up 6% and 5.5% respectively. In contra...

After five straight weeks of losses, the X2C finished this glorious Friday up 0.8%. It's green across the screen with every single sector recording at least a solid flat. Things are looking sweet across the region as well, as of writing. For no obvious reason, Magellan was the best performer finishing up 5.6%. In total contrast, EML Payments finished down 14.19% because of more woes with...

The S&P/ASX200 closed up this Thursday, climbing 50.20 points following a strong lead from Wall Street. All of the major Asian markets are also higher as of writing. Super Retail Group was up 8% after UBS upgraded the company to buy from neutral - saying its poised to benefit from the post lockdown recovery. That reasoning should warrant a friendly reminder for everyone that only NSW...

The S&P/ASX200 closed lower Wednesday, dropping 42 points or 0.6% to 7,207. The major banks fell on 'macropru' and heavy travel losses offset gains across the oil and coal complex, Yancoal (YAL) closing 9% the better, Whitehaven (WHC) up by 4%. The laggards were A2 Milk (A2M) facing a class action and Flight Centre (FLT), down 7.5% and 6.8%, respectively. Our top three VODs: Wedbush's tech bul...

The S&P/ASX200 closed lower Tuesday, dropping 30 points or 0.4% to 7,248 after weak overnight leads with the NASDAQ shedding more than 2%. Sealink Travel Group (SLK) missed out for second day, down 5.9%. Not so for Redbubble (RBL) just killing it on Tuesday, jumping 8.4%. For comprehensive coverage of the RBA's October rates decision , you can't go past our live show with Carlos Cacho at Jarde...

The S&P/ASX200 closed up Monday, gaining 93 points or 1.3% to 7,279, boosted by travel, banks and energy. Today's outstanding performers were Flight Centre (FLT) and IDP Education (IEL), up 9.5% and 9.2% respectively. On the flipside Sealink Travel Group (SLK) down 5.2% and Redbubble (RBL) shedding 4.2%. Our top three VODs: Three 'reopening' stocks that still have legs Three mining stocks to d...

The S&P/ASX200 closed sharply lower Friday, dropping 147 points or 2% to 7,186, crossing below its 125-day moving average. Asian markets sank after another jumpy Wall Street sell-off, investors tepid over the idea of higher borrowing costs, US debt defaults and a cooling global recovery. At home, NSW lost it's Premier and the Prime Minister decided, "it's time to give Australians their li...