The COB from ausbiz

The S&P/ASX200 closed lower Thursday, dropping 41 points or 0.5% to 7,491, ending a hat-trick of gains and crossing back below its 20-day moving average. Another massive day of reports, but among them all, consider this - Qantas posted a $2.4 billion loss for the 2021 financial year... yet still a beat on last year's $2.7 billion catastrophe. Kyle Mcintyre from Firetrail unpacks that one below...

The S&P/ASX200 closed up 29 points or 0.4% on Wednesday hitting 7,532 and crossing above its 20-day moving average and is only 1.3% off of another record high. Stateside, the S&P 500 notched its own half-century of record closes in 2021 and the Nasdaq topped 15,000 for the first time. Here at home the materials and IT sectors following suit. Wednesday's top performers, WiseTech Global (WTC...

The S&P/ASX200 closed up Tuesday, gaining 13 points or 0.17% to 7,503, as energy and materials made a solid comeback, oil and commodity prices kicking higher overnight. But the top performing stocks were earnings related. Nanosonics (NAN) up 21.2% and way back in second, Uniti Group (UWL) 8.9% respectively. At the other end of town, Kogan.com (KGN), down 15.7%, just had one of those days....

The S&P/ASX200 closed up Monday, climbing 29 points or 0.4% to 7,490, and while the local market has lost 1.2% over last week's run of outs, it still sits just 1.9% below its record high. Global equities rebounded, commodities steadied, although Fortescue (FMG) took a 4.3% hit, Twiggy's lower grade ore a likely candidate for the fall. Pilbara Resources (PLS) up 11% and Nearmap (NEA) up 7....

The S&P/ASX200 closed down almost four points Friday to 7,461. That's five in a row on the dark side during a week of some pretty impressive earnings data. The bottom performing company today was Cochlear, down 7.2%, which also doesn't sit entirely right either. But, on the plus side, iron ore futures are finally stemming the losses, even rising late on Friday in Dalian after the key commodity...

The S&P/ASX200 closed lower Thursday, dropping 38 points or 0.5% to 7,465, crossing below its 20-day moving average and the first run of four consecutive losses for this index since last year. The bottom performing stocks were Codan (CDA) and - again - Sims Ltd (SGM), down 8% and 7.3%, while a resurgent Redbubble (RBL) topped the charts with an 18.9% leap on solid full year results. Materials....

The S&P/ASX200 closed lower Wednesday, dropping nine points or 0.1% to 7,502. The worst of a bad bunch - BHP and Sims Metals - down 7% and 5.8% respectively. Although it should be said there were some ordinary share performances from not entirely awful reports, like CSL, (-1.7%), Fletcher Buildings (-2.4%) and Bapcor (-4.4%). On the flip side, Domain Holdings (+6.3%), Domino Pizza's (+7%)...

The S&P/ASX200 closed lower Tuesday, dropping 71.5 points or 0.94% to 7,511. The single worst session of trading in two months. After trade, BHP has delivered shareholders a monstrous final dividend of $US2 per share, taking the annual payout to a record $US3.01. Woodside agreeing to a BHP mega-merger, creating a global top 10 energy giant. BHP's CFO David Lamont will join us tomorrow. Bu...

The S&P/ASX200 closed sharply lower Monday, dropping 46.4 points or 0.6% to 7,582. A four day winning streak for the local market came to an abrupt end today, with companies reporting driving the gains & losses (BPT, BEN, LLC, CAR, GPT) and of course there's always a hint of M&A (A2M, SYD, BHP WPL) adding to the spice. The local market's biggest losses in almost two weeks came aft...

Another day, another record high. That’s eight on the trot.. Let the good times roll! The S&P/ASX 200 climbed 0.54%, extending its gain over the week to 1.2%. Year-to-date, the benchmark has climbed 15.9%. All sectors except materials rose during the session, led defensive areas such as utilities, healthcare and consumer staples with gains of between 0.8% to 2%. Consumer discretionary also saw...

The market closed at another record high. That makes it seven days in a row. Relentless. The S&P/ASX 200 rose 0.05%, helped by a late flurry of buying. The Chi-X 200 eased 0.07%. It was telecommunications’ turn to lead the push higher, driven by a 3.4% surge in Telstra shares following its full year results. The broader sector added 2.3%. Consumer staples, consumer discretionary, energy and in...

The local market closed at yet another record high, driven by strong gains in cyclical sectors. The S&P/ASX 200 climbed 0.3% to 7584.3. The Chi-X 200 added a smaller 0.2%. Financials were the standout performer, inspired by the CBA’s full year result which beat across almost every metric. Australia’s largest lender added 1.5%. Along with a steeper yield curve and solid lead from Wall Street, a...

The S&P/ASX 200 recovered from a wobble midway through the session to close at a fresh record high. Mirroring what was seen on Wall Street, the tech sector led the market higher, adding 1.6%. Another pop in Square shares saw Afterpay lift by 3.4%. Pointsbet Holdings rose nearly 10%, assisted by M&A activity in the US gaming space. Cyclical areas such as industrials and energy were the lagg...

The S&P/ASX 200 finished dead flat today, giving up earlier gains that saw the index briefly hit a fresh intraday record high. Banks and insurers were the big winners for the session, boosted by a large lift in bond yields following a stronger-than-expected US nonfarm payrolls report on Friday. Suncorp’s full year results also impressed the market, helping the broader financials sub-index to a...

The S&P/ASX200 closed up Friday, gaining 27 points or 0.36% to 7,538, gaining momentum into the close for a hat-trick of all-time highs. On the rotation front, iron ore prices crashed over 7%, the materials sector dragging while energy, industrials and three of the four big banks rose to the occasion. News Corp up 7.5% on some bumper numbers and the alluring prospect of being in the pay of Mes...

The S&P/ASX200 closed up Thursday, gaining eight points or 0.1% to 7,511, the materials sector back on the downside cycle, offset by the banks, REITs, healthcare and consumer staples all settling higher. A day of little drama with not a lot separating the session's worst, Fortescue Metals (-3.7%) and its best, NIB Holdings (3.2%). And despite the Hunter and Melbourne joining the Great Aus...

The S&P/ASX200 posted a new record on Wednesday, gaining 29 points or 0.4% to 7,503 after hitting another intraday high before lunch. Cyclicals took charge on a day where investors held off ahead of the big reports. The energy names did well, as did real estate, although BWP Trust did give back 2.1% after almost tripling full-year distribution. But it was the Iron Triumvirate - BHP (2.4%), Rio...

The S&P/ASX200 closed down on Tuesday, dropping 17 points or 0.2% to 7,475 coming off the 52-week high of 'M&A Monday' although the IT sector is still basking in that Afterpay (11.4%) glow. Pointsbet gambled on an institutional entitlement offer and lost 14%, the day's biggest backward step after raising $80 million and prepping 10 million new shares for issuance next week. ...

The S&P/ASX200 closed at a new record Monday, gaining 99 points or 1.34% to 7,491.4.M&A excitement drew a flood of buying after market darling, Afterpay, agreed to Square's 31% premium pitch, equivalent to $126.21 a pop. Also, don't forget our Reporting Season Masterclass is live tomorrow afternoon. Check out the expert guest list and register here . Our top three VODs today: Joe Magyer's...

The S&P/ASX200 closed lower Friday, dropping 25 points or 0.33% to 7,392. The tech sector shed 2.6%, and Nasdaq futures are down with Amazon and PayPal missing sales guidance. The iron ore giants started well, BHP hitting fresh highs for lunch, before Dalian iron ore futures crashed - Fortescue Metals down 5%. Next week: reporting season, lots and lots to watch and as we say here at ausbi...

The S&P/ASX200 has closed up 0.5%, led by strong updates from the iron ore triumvirate. BHP's share price hitting new highs, Fortescue's bank account hitting new highs and Rio Tinto's shareholders sharing a record $12.4 billion in interim dividends. Elsewhere Wall Street was mixed, as confused Americans were further confused by a confounded Fed and Chinese officials soothed...

The S&P/ASX200 closed lower Wednesday, dropping 52 points or 0.7% the NSW lockdowns casting a pall over the local bourse as much as the local barber. Nickel Mines hit the hardest, shedding more than 10%. Wall Street fell ahead of another grueling night for the Fed, while Chinese mainland investors continue to desert tech plays like Tencent (selling off $US4.2 billion in July alone). The CCP ti...

The S&P/ASX200 hit more records on Tuesday, gaining 37 points or 0.50%. Another day, another record. Stateside investors are mega-pumped ahead of mega-names reporting expected mega-earnings. At home, the cyclicals went on a Tuesday tear led by the big name miners and banks. Less effusive trade on the Hang Seng (-5%) as Beijing's regulators pulled the wings off edu-tech-giants like Tencent...

The S&P/ASX200 closed flat on Monday, down just the barest of smidgens after a loopy session that began with a record high in the morning and ended with fitting indecision. The S&P/ASX200 closed flat on Monday, down just the barest of smidgens after a loopy session that began with a record high in the morning and ended with fitting indecision. Lynas had a great day, with some nic...

The S&P/ASX200 ended higher Friday, gaining eight points or 0.1% to 7,394 and bumping up against a second consecutive record-high close. Defensive and growth sectors took a stick to cyclicals energy, materials and banks getting whacked about the head and body. Nickel Mines (+7.5%) came back nicely on record Q4 revenue. Silver Lake Resources (-8.3%) in trouble because no one really wants y...