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.
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.
The market tried to break out again today with buying seen early only to falter as the day progressed, the index closing ~20pts below the highs and only mildly in the green, but still up and around all-time highs.
With U.S markets shut for thanksgiving, we expected a quiet day today, and it was just that until news out of Brazil around midday gave some life to the resource names.
The Australian sharemarket has topped its second record high of the week, though it was on low volume and selling kicked in for the last hour of trade pushing the benchmark ~30pts below it’s peak by the close.
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.
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.
The market tried to break out again today with buying seen early only to falter as the day progressed, the index closing ~20pts below the highs and only mildly in the green, but still up and around all-time highs.
With U.S markets shut for thanksgiving, we expected a quiet day today, and it was just that until news out of Brazil around midday gave some life to the resource names.
The Australian sharemarket has topped its second record high of the week, though it was on low volume and selling kicked in for the last hour of trade pushing the benchmark ~30pts below it’s peak by the close.
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.
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