A good session for Aussie stocks recouping the majority of yesterday's decline with all 11 sectors finishing in the green, headlined by a solid day for some of the retailers. Normal trade in the US tonight, before Thursday’s Thanksgiving holiday and a half day Friday.
The market was losing steam yesterday, trading well off it’s morning highs and that theme continued today, amplified by comments from Trump on his social media platform “Truth Social” saying the US would impose additional tariffs of 10% on Chinese goods and place 25% levies on imports from Mexico and Canada.
A new all-time high for the ASX today with the market hitting 8462 in early trade before backing off from the milestone. Property stocks the main driver of gains, though, as was the case last week when the market pushed up, sellers took the opportunity to sell into strength, with the banks a noticeable omission from today’s gains - only Comm Bank (CBA) finishing higher.
A good session to end a choppy but ultimately positive week for the market that included a new all-time high for the ASX200 on Tuesday at 8446, and a new closing high today at 8393. Lots of corporate news coming from AGM’s, with a few hits, but more misses.
The ASX drifted mildly lower today in a quiet session at the index level with November options expiry dominating flows. A long list of AGMs headlined by MinRes (MIN), while there were some hits and misses elsewhere with several companies providing trading updates.
The markets keyed off the last hour of yesterdays session and fell away progressively throughout the day, and from a technical perspective, the bullish new high at 8446 that has now potentially failed is at risk of being a false breakout, a bearish pattern.
Tuesday was an excellent session for the ASX200, with over 70% of stocks closing higher as the index surged to new all-time highs. MM has been targeting the 8500-8600 area by Christmas; we’re starting to look too conservative!
It was a mixed but ultimately positive session for the ASX, with ~65% of the main board advancing. From a points perspective, the miners led the way, while the “Big Four Banks” were up and down, with CBA catching the eye falling over $2.
10/11 sectors made gains today with 70% of the main board closing higher, though once again, we’re seeing a narrow band of winners that are driving the index with the ASX200 now only 100pts below its all-time high.
Another mixed but ultimately positive session for the ASX, with IT, Financials & Consumer Discretionary leading the way thanks to new all-time highs for Xero (XRO) $172.94, Comm Bank (CBA) $152.84 & JB Hi-Fi (JBH) $88.37 as valuations get stretched ever higher, while the resources remain holed up in the naughty corner.
The market was losing steam yesterday, trading well off it’s morning highs and that theme continued today, amplified by comments from Trump on his social media platform “Truth Social” saying the US would impose additional tariffs of 10% on Chinese goods and place 25% levies on imports from Mexico and Canada.
A new all-time high for the ASX today with the market hitting 8462 in early trade before backing off from the milestone. Property stocks the main driver of gains, though, as was the case last week when the market pushed up, sellers took the opportunity to sell into strength, with the banks a noticeable omission from today’s gains - only Comm Bank (CBA) finishing higher.
A good session to end a choppy but ultimately positive week for the market that included a new all-time high for the ASX200 on Tuesday at 8446, and a new closing high today at 8393. Lots of corporate news coming from AGM’s, with a few hits, but more misses.
The ASX drifted mildly lower today in a quiet session at the index level with November options expiry dominating flows. A long list of AGMs headlined by MinRes (MIN), while there were some hits and misses elsewhere with several companies providing trading updates.
The markets keyed off the last hour of yesterdays session and fell away progressively throughout the day, and from a technical perspective, the bullish new high at 8446 that has now potentially failed is at risk of being a false breakout, a bearish pattern.
Tuesday was an excellent session for the ASX200, with over 70% of stocks closing higher as the index surged to new all-time highs. MM has been targeting the 8500-8600 area by Christmas; we’re starting to look too conservative!
It was a mixed but ultimately positive session for the ASX, with ~65% of the main board advancing. From a points perspective, the miners led the way, while the “Big Four Banks” were up and down, with CBA catching the eye falling over $2.
10/11 sectors made gains today with 70% of the main board closing higher, though once again, we’re seeing a narrow band of winners that are driving the index with the ASX200 now only 100pts below its all-time high.
Another mixed but ultimately positive session for the ASX, with IT, Financials & Consumer Discretionary leading the way thanks to new all-time highs for Xero (XRO) $172.94, Comm Bank (CBA) $152.84 & JB Hi-Fi (JBH) $88.37 as valuations get stretched ever higher, while the resources remain holed up in the naughty corner.
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