The COB from ausbiz

The local market pulled back from record highs today, dragged lower by weakness in commodities, gold, REITs, consumer staples and telcos. Banks were one of the few shining lights, helped in part by a steeper yield curve following the Fed meeting overnight and a bumper local jobs report. Tech put in a resilient performance with the BNPL names enjoying strong gains. Felicity Emmett of ANZ and P...

The S&P/ASX200 closed about 0.1% higher on Wednesday after breaking through to the other side of 7400 for the first time. Commonwealth Bank rose 1.3% for a record high of its own. Pro Medicus led the gainers, Oz Minerals led the not gainers. But while investors have spent the day bracing for tonight's epic US Fed meet, the pandemic caught Sydney napping - a single case confirmed in Bondi...

The big names pushed the local bourse to another record high today with the ASX 200 flirting with 7,400. It eventually closed up 0.92% at 7,379.50. Tech followed Wall Street's strong overnight lead while healthcare consumer, discretionary, financials (CBA closed at a record high of $103.50) and consumer staples also had a big day. Gold miners and the energy sector weighed. Our top three VODs today...

Another record close for the ASX 200 of 7,312.3 - up 0.13%. Thin volumes ahead of the long weekend. Yield sensitive sectors dropped following a drop in underlying bond yields on the view that US inflation is transitory in nature. The miners led the charge thanks to a 1.3% lift for BHP off the back of rising iron ore prices. Tech was also strong as investors rotate back to growth. Our top thre...

A milestone for the ASX 200 - closing above 7,300 for the first time. REITs and tech were the day's winners with utilities also performing strongly. Energy and miners took a dip. All eyes are on tonight's US inflation read with a lift to 4.7% from April's 4.2%, the consensus view. Out-of-session US futures are currently trading flat. Our top three VODs today are: CBA vs WBC; Fraser on who you can...

The S&P/ASX200 closed lower Wednesday, shedding 0.3% to finish at 7270.20 after the index casually hit fresh record highs in morning trade. Tech stocks were troubling, with Altium Ltd (ALU) and Wistech Global (WTC) the most troubled - down 7.5% and 4% respectively. Not all glum tidings. Brickworks jumped 11.3% on the expectation of record-high earnings and booming industrial property pric...

Yet another all-time high for the ASX 200 today. The major index hit 7,315.6 before retreating to close at 7,292.6 - a rise of 0.15%. The ASX did manage to outperform regional markets, helped by strength in tech and healthcare. While it may not have driven the increase, a very strong NAB Monthly Business Survey, headlined by record high profitability, trading, employment and capital inve...

An early session slide kept the ASX 200 in the red for most of the day with the index closing down 0.2%. Tech rebounded strongly, thanks to Altium's rejection of a $5 billion takeover offer from US tech juggernaut, Autodesk. Altium's share price closed up 39% as a result. Meanwhile, AUSTRAC's announcement that it would be taking a closer look at NAB and casino operators' for money laundering...

A relentless march to another record high for the ASX today despite thin volumes ahead of key US payrolls data tonight. It was the third consecutive weekly gain for the local market. Banks were, once again, in the thick of it with all majors closing up more than 1% and energy stocks were up on renewed optimism around the oil price. CSL also has a good day perhaps by helped by a sharp fall in...

A record high for the ASX 200 today, closing up 0.6% at 7,260.1. Energy, tech, utilities and banks the big winners, helping the local bourse to outperform its regional counterparts. Consumer discretionary and gold were the only areas of the market not to feel the love. Wesfarmers played a part in the performance of the former, dipping 2.1% after its investor day at which it flagged that...

An all-time high for the S&P/ASX200 - the index gaining a healthy 1.05% with miners and energy coming to the party. The Most Valuable Players were Inghams (ING) and Santos (STO), both 6.5% higher. Clamouring for cut-through analysis of the GDP read? Our top three VODs are: Staying fully invested and spotting opportunities The market impact of lockdowns are best seen in these two stocks Postgra...

No lead in from Wall St this morning due to the Memorial Day holiday. Investors took this as an opportunity for some profit taking early in the session before something of an afternoon recovery. The ASX 200 still closed down 0.27%. Higher iron ore prices helped the big miners to a strong day - FMG up 1.74%, RIO up 0.7% and BHP up 0.13%. Energy stocks also performed well. Financials and healthcare...

An eighth day of gains in a row for the ASX with an intra-day record high to boot, but the market nevertheless found its way down to 7,161.60 - a dip of 0.25%. REITs were the only real gainers while it was a rough day for energy and tech. We're not expecting much from the RBA board meeting tomorrow, but the minutes could be interesting, given the increasingly hawkish tones coming from other centra...

A stellar day for the local bourse, with the ASX200 making record highs before closing up 1.2% at 7,179.5. Miners, energy and industrials were the big winners with tech the only sector to finish in the red. Betmakers was hosed after the market clearly thought it had bitten off more than it could chew with its $4 billion offer for Tabcorp - the stock closing down more than 16%. Check out...

Markets continued to tread water today, waiting for the release of quarterly inflation figures from the US tomorrow evening. The ASX200 index closed up 0.03%. After a strong run, the banks succumbed to profit taking. A rebound in Chinese iron ore futures helped to bolster the materials sector after weakness in the previous session. Tech stocks also had a decent day, helped by a further decline in...

Another choppy day on the ASX, which saw the ASX 200 soar to 7,136 late morning before drifting back down to close at 7,092.5 - 0.3% down. The tech names were the big winners (re-rotation anyone?) while the miners (except for gold), healthcare and REITs were the laggards. Comm Bank cracked the $100 barrier before closing at $99.58 - banks as a whole closed flat. Across the ditch, the RBNZ dec...

On Tuesday the S&P/ASX200 climbed 69.30 points or 1% to 7115.20, crossing above its 20-day moving average, but making a lot of people motion sick along the way. While Kogan did well - adding 6.6% of muscle after shedding weight last week - Hub24's 8.9% spike was "a bit of a head-scratcher," in the words of Martin Crabb, CIO at Shaw and Partners. Goldies the only sector to really lose blood. An...

A choppy day on the local bourse as volatility made its presence felt, with investors bracing for higher inflation. The ASX 200 gained 0.22% to finish at 7,045.90. Kogan bounced back 15% today after dropping 13% on Friday on a trading update that revised down earnings for FY21. Comm Bank was the big gainer from the rotation into value - up 0.7% today to $98.76 after earlier hitting a record h...

The S&P/ASX200 is up almost 11 points today or 0.15%. Boffins should call that a win, even though the index crossed 7050 at a trot in the morning before sliding into the red it seems so fond of after lunchtime. EML Payments (EML) is recovering from its mid-week shellacking, up 15.5%, while A2 Milk (A2M) rose some 6.2%. The big story was Kogan's (KGN) profit warning and how quickly th...

The S&P/ASX200 closed higher on Thursday, gaining 87.9 points or +1.27% to 7019.60. Tech was back. Afterpay (APT) up 7.7% and Redbubble (RBL) killed it dead, up 6.5%. Materials weighed, the iron ore miners following the Dalian spot price lower. Most thwacked on Thursday? Nuix (NXL): down 6.8%. The ex-CEO wants his $200 million and seems pretty mad about it. A day that sounds good in any langua...

The S&P/ASX200 hit its first real obstacle since early February, the benchmark index dropping 1.9 per cent, or 134 points, retracing an April ascent to be back under the revered 7,000 mark. Nothing could staunch the selling. EML bled out some 46 per cent to a near 10 year low - the Central Bank of Ireland flagging anti-money laundering and counter-terrorism financing compli...

The ASX 200 shook off overnight declines in US markers to close up 0.60%. Energy, materials and financials were the day's winners, which more than offset modest declines in the REITs and industrials sectors. Low volumes may have contributed to the drift higher, but there were also very strong gains in regional markets, headlined by a 5% bounce in Taiwanese equities. Our top three VO...

The local bourse began the day strongly but gradually whittled down its strong lead in from Wall St through mid morning. The ASX 200 ultimately closed down just 0.1%. Tech stocks were back in favour following a big night on the NASDAQ on Friday - the sector closed up 1.2% - while the utilities sector was the biggest loser. Gold hit a three-month high thanks to a weaker US dollar and a ro...

The major index bounced back today with a 0.6% jump to 7,014.20 after a strong lead in thanks to a lift in Wall St tech stocks. Out-of-session futures are signalling that the momentum will continue tonight. All sectors finished in the green today, except for the miners, which were dragged down by falling Dalian iron ore futures. Treasury Wine Estates jumped 6.26% after laying out a clear US-focuse...

The S&P/ASX200 closed well down, shedding -62.2 points or -0.88%. Thursday's Smack Fairy victims in order of descending wickedness: 1. Perenti Global (not enough workers) straightened out by 29.2% - 2. Xero (slow revenue growth) down 13%. - 3. Afterpay (possibly evil) down 5.2%.And just a rap over the knuckles for Fortescue Metals - down 4.3% - after Dalian iron ore futures slunk bac...