The ASX200 edged higher last week even though eight of the eleven main sectors closed lower. The influential Resources Sector’s strong performance allowed the local market to eke out a +0.2% gain, while the rate-sensitive Real Estate Sector led the declines, ending the week down -2.7%. Investors had to weigh up some very conflicting news flow on the US inflation front, with a strong CPI on Wednesday night denting hopes of three rate cuts before Christmas before a tame PPI soothed inflation concerns, which was helped by ongoing dovish commentary from a number of Fed officials, both past and present.
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The Match Out: Market momentum fades as the week progressed
Some selling pressure swept across the ASX today with over 70% of the main board finishing lower. We’ve talked about the declining momentum on the upside, and while it’s too early to conclude the bullish trend is over, some consolidation at least wouldn’t surprise.Trade Alerts – Active Growth & Income Portfolios
We are making changes across two portfolios today.What Matters Today: Should we avoid stocks that experience large Block Trades?
The ASX200 closed up +0.15% on Thursday in an ultimately lacklustre session, which promised more in the morning before surrendering two-thirds of its gains through the afternoon. Tech and consumer discretionary names advanced over 1% while real estate lagged, slipping -1.4%. On the commodities front, the story remains the same, and it’s starting to get a little bit monotonous as we head into Christmas, less than three weeks away.The Match Out: ASX up again as mid-cap Gold stocks shine
While the market continues to edge up, it’s becoming very stock specific and we are seeing some obvious loss of momentum in to fresh all-time highs. Some profit taking in banks becoming obvious while resources by in large remain friendless.What Matters Today: Will US miners deliver better returns than our own?
Yesterday's weak Australian GDP number was a shocker; there was no other way to describe it with bonds and the $A reacting accordingly.The Match Out: ASX takes a breather, founders cash in
On a day that started off with some major transactions led by Goodman Group and ProMedicus, GDP data released mid-morning added fuel to a mixed session. Investors showed signs of exhaustion after pushing to all-time highs over the last few days, with property and banks largely responsible for dragging the index lower.Portfolio Positioning: The ASX200 breaks 8500, and major sellers surface
After yesterday's close, China Investment Corporation (CIC) launched a massive $1.9 billion selldown of market darling Goodman Group (GMG). Citi’s equities desk was looking to place 50.4 million GMG shares or about 2.6% of the company; to put things into perspective, only 3.7 million shares exchanged hands on Tuesday.The Match Out: New highs for the ASX above 8500, best day for Metcash (MTS) in years
Another key milestone on two levels for the ASX 200 today with a new all-time high (8514) and the first time the benchmark has printed 8500, with 9/11 sectors making gains.What Matters Today: Where does MM anticipate ongoing M&A in the gold space?
The ASX200 closed up +0.1% on Monday in a fairly lacklustre session, which again saw the local index unable to build on early gains. Over 50% of the main board closed higher, with interesting moves in the resources sector after Chinese manufacturing data beat estimates.Relevant suggested news and content from the site
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