The COB from ausbiz

The S&P/ASX200 closed at a new record high on Thursday, gaining 78 points or 1.1% to 7,386.4, inching past the previous peak set in June. Strong US earnings boosted all sectors into the green, with materials - led by new Tesla supplier BHP - the hero of the dish. Orocobre and Pilbara Minerals up 9.8% and 9.5% topped the lists, while Zip Co (-7.9%), with 'record numbers and global momentum...

The S&P/ASX200 closed higher Wednesday, gaining 56 points or 0.78%, as Wall Street rebounded and the local bourse followed. CIMIC Group climbed about 5% on a decent half year, Oil Search prospered for second day on the lingering whiff of a Santos merger and all sectors outside the industrials gained. Today's algorithm: ALU: ASX minus NASDAQ: ADSK equals -5% and a two-month low. And yet, ausbiz...

The S&P/ASX200 fell away on low volume trading Tuesday, dropping 34 points or 0.5% to a new 20 day low. On the positive side, the market shrugged off an awful US lead, Delta-depression and an OPEC-inspired decline in crude prices. At opposite ends of the index, Santos (-5%) and takeover target Oil Search (+6.8%) going insta-official after revealing talk of a potential $22 billion merger of con...

The S&P/ASX200 closed lower Monday, dropping 62 points or 0.85% as soft leads and hard lockdowns gave the index its biggest single-day loss in over a month. Healthcare stocks endured on a firming USD, a suddenly Kieran Wulff-less Oil Search sunk 5.2%, while miners Chalice and Evolution lost 9.6% and 8.7% respectively. Banks did badly, but some of those materials businesses were just...

The S&P/ASX200 closed up Friday, gaining 12 points or 0.17%. COVID weighed (delta strained) but in the end, BHP won. The great big miner hit an intraday record on the prospect of just really great big dividends. If you still need a hit of volatility after that subdued session, we've got today's cracking edition of the trade with Kara Ordway right here. Our top three VODs today: The SMSFs...

The S&P/ASX200 closed lower Thursday, dropping 19 points or 0.3%.A decade high for Aussie jobs data and a 1.4% rise among a resilient mining sector could not offset losses across Healthcare, the bank majors and IT stocks. Polynovo lost 8.3% and back in favour with the brokers after a handsome preliminary report, ARB Corporation gained 6.9%. For the secret herbs and spices in the Aussie jobs dr...

The S&P/ASX200 closed higher Wednesday, gaining 22.6 points or 0.3%. The Buy Now Pay Later space hit by an apple-shaped surprise, Zip Co down 12% and Afterpay 9.7%. In the other lane, Spark Infrastructure screeched into a trading halt around 2.30pm after gaining 8.3% on talk of a potential buyout. For a debrief of today's RBNZ decision, just get stuck into  the big picture .  Out top...

The S&P/ASX200 closed down just one point on Tuesday to 7,332, surrendering the early momentum of more Wall St records. Confidence took a hit today, indicators revealing a growing uncertainty on both sides of the transaction. And yet, aside from Platinum Asset Management (-7.8%) losses were minimal. While in the winners circle, Nearmap rose 15%, and, as Henry Jennings from Marcus Today notes -...

The S&P/ASX200 closed up Monday on light volumes, gaining 60 points or 0.83% to 7,333. China's unexpectedly agro rate cut over the weekend gave a nip of nitro to global markets, eclipsing Greater Sydney's Greater COVID-19 problem and the dread of a lingering lockdown. The materials sector, led by BHP (3.8%) drove strong returns on the PBOC's surprise, while the major banks also rose. Australia...

The S&P/ASX200 on Friday shed 68 points or 0.9% to 7,273. The formula: Delta cases rise, markets fall. Tech took a 2.8% trim, Zip Co and Afterpay both down over 5%. And while the market fell from every angle, the travel sector surely deserves the most sympathy, the majors falling around 4%, although Webjet did manage to drop over 5%. There were few winners and Greater Sydney was not among...

The S&P/ASX200 closed up Thursday, gaining 14.5 points or 0.2% to 7,341, but the market looked listless. Energy weighed and the banks failed to launch. Still, tech continues it's mini-revival. Zip Co quietly up 13.7%, a little love still in reserve for Nuix, climbing 9.5%. And they were busy bankers at Macquarie on Thursday - joining the race for Sydney Airport and snapping up AMP Capital's Gl...

The S&P/ASX200 closed up Wednesday, gaining 65 points or 0.9% to 7,326.9 on softer volumes. Tech won. Oil lost. Challenger stole the show, up 9.3% after Athene and Apollo came knocking. Almost all sectors rose while the Buy Now Pay Later crew had a day out, led by Zip Co (6.5%) and Afterpay (4.6%). Our top three VOD are: AustralianSuper CIO: the secret is to hold your nerve The infrastructure...

The S&P/ASX200 closed lower Tuesday, shedding 53 points or 0.73% to 7,261.8. The bourse slid into the red even before the RBA revealed a steady hand on the cash rate - unchanged and looking rather comfy at a record low 0.1%. Polynovo was the stand out among many a laggard - down 8.7%. Oil Search (5.1%) did well, as did much of the OPEC+ boosted energy sector. For complete coverage of the RBA's...

The S&P/ASX200 has finished Monday just 6.4 points higher, leaving the benchmark virtually unchanged after five fabulously volatile days of trade. For now the pause button has been applied - as US markets take a 4th of July break and we join Annette and all Aussie economists in awaiting Tuesday's next nail-biting RBA move. Interestingly, all those Aussie economists will be on on ausbiz when th...

The S&P/ASX200 closed up Friday, gaining 43 points or 0.6% to 7308.6. The market faded away into the afternoon following a strong stateside session ahead of a big US jobs read in a few hours. Energy stocks did well after OPEC+ fell over, but the very top performing company was our stock of the day, IDP Education, up 19.7% having passed a big test in India. Our top three VODs are: What Henry Je...

The S&P/ASX200 ended lower Thursday, dropping -47.40 points or -0.65% to 7265.6 following a heavy rotation out of financials. It's a two week low and all sectors copped it, with the exception of gold, a few steelmakers and the occasional BNPL. The first day of the new financial year saw exciting debutant Pexa Group overcome some early hurdles to close 0.1% higher at $17.15 after listing at $17...

The S&P/ASX200 closed up Wednesday, gaining 11.8 points or 0.16% to 7313, closing out the financial year on a positive note. The top performers: Iluka Resources (11.9%) and then thin air for some time until Chalice Mining and Telstra turn up with 4.9% and 4.6% gains respectively. Adam Dawes talks Telstra's quasi-renaissance here . Nuix (12.5%), Kogan (9.7%) and AGL (9.6%) took significant whac...

A resilient S&P/ASX200 closed just six points lower on Tuesday to finish at 7301.2, after shedding almost one per cent earlier in the day. It's the second late recovery in a row as Covid-lockdowns, school holidays and end of year blues hit volumes. Collins Foods (- 5.6)% delivered on its full-year, but fell away late. Metcash (5.7%) found some form, leading the gainers ahead of Nuix - up some...

The S&P/ASX200 closed -0.7 points on Monday to 7307.3, as the country grappled with the new lockdown reality. Tech stocks and travel were hit hardest. Afterpay lost 7.5% while stock of the day Gold Road shrank 7.4%. Our top VODs are: Three stocks to gobble up Meet the newest gold explorer to list on the ASX  Luke loves a lockdown buy hold and sell Hosted on Acast. See acast.com/privacy fo...

The S&P/ASX200 closed up Friday, gaining 32.7 points or 0.45% to 7308. The smell of US infrastructure spend offsetting the lockdown shadow over Greater Sydney. Boral jumped (6.5%) to a more than three-year high after Seven Group sweetened its takeover bid. Nuix led the losses (-3.9%), Zip Co followed (-3.1%) and stock of the day CSL (-0.4%) also ended lower. A safe weekend to all. Our top...

The S&P/ASX200 closed lower Thursday, sliding 0.3% to 7275.3. Woolworths had its biggest intraday fall (-10.7%) on what otherwise looked like a successful spin-off for Endeavour. The iron ore majors romped it in, the big banks did not. Afterpay climbed 6% on US growth, while CSL (-3.1%) fell as options were exercised and brokers downgraded. Our top three VODs: From medtech to energy: Steve Eve...

Did you miss Small Caps. Big Ideas live? It's not too late to find out which companies ten of Australia's top fund managers nominated as their pick of the bunch. Click the link to catch-up with the conversation, and get small cap investing tips from the experts. It's free and you can watch on your own time. Enjoy!  Our top three VODs are: Gerrish's takeover plays Keeping your options open whe...

The S&P/ASX200 closed up Tuesday, gaining 1.5% to 7342.20. A tough few days on the bourse has been closed out with the market's best session in about four months. Cyclicals led the charge, as they did overnight on Wall Street, while healthcare and some of the tech names missing the party. The top-performing stocks on Tuesday - Pilbara Minerals and Chalice Mining, up 7.4% and 7% respectively. N...

It's a big day at ausbiz tomorrow, we're hosting our first full day investor event called  Small Caps, Big Ideas . Ten of Australia's top fund managers will each present one high-conviction small-cap company, explain why they like it and answer your questions. But that's not all! Alongside them will be the CEO of their chosen small cap, so you'll get insights on the investment case...

Australian stocks drifted 0.13% higher to end the week, helped by a reversal in bond yields overnight. Most of the previous session’s losses were recovered thanks to big gains in information technology, consumer discretionary and telecommunications. Financials and materials both closed lower, the latter impacted by acute weakness in base and precious metal prices overnight. Energy was the big lagg...