The ASX rallied today, hitting a new all-time high at 9118 (+3pts above the Oct high) before tapering off into the afternoon. Still, its longest winning streak in more than a month, corresponding with one of the busiest days on the reporting calendar. More beats than misses, and solid overall, but still a few landmines to navigate.
The ASX pushed higher for a third straight session, with financials and technology doing the heavy lifting as reporting season continued to deliver outsized single-stock moves.
The ASX pushed higher in subdued trade, with BHP stealing the spotlight after a better-than-expected first-half result. Materials led the gains though it was all thanks the Big Australian’s performance, with weakness across the broader sector as commodities softened. Elsewhere, tech remained volatile, retailers were mixed and several reporting names were sharply repriced as the market continued its familiar reporting-season volatility.
The ASX edged higher in a choppy session, with technology rebounding strongly, helping offset heavy selling across the mining giants and some profit-taking in the banks. With US markets closed for a public holiday tonight and China shut for Lunar New Year, local earnings season and bargain hunting dominated the tape, leaving the market grinding higher but lacking clear direction.
The ASX pulled back sharply today as AI-related margin fears continued to drive aggressive selling across software and high-multiple names. Despite the weak finish, the market still closed the week up ~2.4%, underpinned by a fantastic week from the banks on better-than-expected results.
The ASX pushed higher for a second straight session, flirting with fresh record highs at the 9100 level as bank earnings momentum continued to drive the index. ANZ stole the show with its best day in six years after delivering a standout quarterly profit result, and the broader financials complex stayed well bid, compounding Commonwealth Bank’s strong result yesterday.
The ASX surged toward all-time high territory, lifted by a string of earnings beats from heavyweight banks and industrials, helping the index shake off weakness in healthcare. Financials did the heavy lifting, with Commonwealth Bank delivering its best day since 2020, while miners also provided strong support as copper and gold prices stayed elevated.
A mixed session for the ASX played out under the hood today with tech the clear standout and miners remaining firm after a strong start to the week as the bourse closed on the low of the day and almost +60pts from its high. Insurance stocks were hit as fresh fears emerged around AI disruption in the insurance-broking industry, with banks following suit into the afternoon.
The ASX staged a sharp relief rally today, with the main board chalking up its strongest single day move since April 25. The move followed last week’s aggressive sell-off and was driven by dip-buying across technology and resource stocks, with all 11 sectors higher.
The ASX was hit hard today, with its sharpest fall in nearly three months after heavy losses in US tech overnight, a fresh leg down in commodities and a violent unwind in crypto combined crushed global risk appetite.
The ASX pushed higher for a third straight session, with financials and technology doing the heavy lifting as reporting season continued to deliver outsized single-stock moves.
The ASX pushed higher in subdued trade, with BHP stealing the spotlight after a better-than-expected first-half result. Materials led the gains though it was all thanks the Big Australian’s performance, with weakness across the broader sector as commodities softened. Elsewhere, tech remained volatile, retailers were mixed and several reporting names were sharply repriced as the market continued its familiar reporting-season volatility.
The ASX edged higher in a choppy session, with technology rebounding strongly, helping offset heavy selling across the mining giants and some profit-taking in the banks. With US markets closed for a public holiday tonight and China shut for Lunar New Year, local earnings season and bargain hunting dominated the tape, leaving the market grinding higher but lacking clear direction.
The ASX pulled back sharply today as AI-related margin fears continued to drive aggressive selling across software and high-multiple names. Despite the weak finish, the market still closed the week up ~2.4%, underpinned by a fantastic week from the banks on better-than-expected results.
The ASX pushed higher for a second straight session, flirting with fresh record highs at the 9100 level as bank earnings momentum continued to drive the index. ANZ stole the show with its best day in six years after delivering a standout quarterly profit result, and the broader financials complex stayed well bid, compounding Commonwealth Bank’s strong result yesterday.
The ASX surged toward all-time high territory, lifted by a string of earnings beats from heavyweight banks and industrials, helping the index shake off weakness in healthcare. Financials did the heavy lifting, with Commonwealth Bank delivering its best day since 2020, while miners also provided strong support as copper and gold prices stayed elevated.
A mixed session for the ASX played out under the hood today with tech the clear standout and miners remaining firm after a strong start to the week as the bourse closed on the low of the day and almost +60pts from its high. Insurance stocks were hit as fresh fears emerged around AI disruption in the insurance-broking industry, with banks following suit into the afternoon.
The ASX staged a sharp relief rally today, with the main board chalking up its strongest single day move since April 25. The move followed last week’s aggressive sell-off and was driven by dip-buying across technology and resource stocks, with all 11 sectors higher.
The ASX was hit hard today, with its sharpest fall in nearly three months after heavy losses in US tech overnight, a fresh leg down in commodities and a violent unwind in crypto combined crushed global risk appetite.
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