The ASX 200 put together one of its better sessions in recent weeks as the market built on Monday’s gains and breadth improved markedly. Ten of the 11 sectors finished higher with Healthcare continuing its rebound, now 44% above its low set back in June. Financials were also notably stronger, finally delivering their first meaningful bounce in around two weeks after falling almost 10% across the previous 12 sessions. BHP hit yet another record high, as weakness across lithium, rare earths, gold and parts of the iron ore complex offset strength in the diversified miners and copper exposures.
The local market started the week on stronger footing today, rallying sharply at midday before giving back some of the gains through the afternoon. The move was overwhelmingly driven by Resources, hitting a fresh all-time high as copper, lithium, uranium, gold and iron ore names rallied together as BHP pushed to a record high.
The ASX 200 finished lower today taking the weekly decline to around 0.6% as the market gave back part of Thursday’s rebound. The index traded in a relatively narrow range through the day, but underneath the surface the tone remained patchy, with Real Estate, Technology and Consumer Discretionary doing most of the damage while Financials finally managed to stabilise after a very weak run.
The ASX 200 finally broke a six-session losing streak on Thursday, although the headline gain overstated the strength of the broader market. Seven of the 11 sectors finished lower, with Materials, Healthcare and Technology doing the heavy lifting.
The ASX 200 extended its recent pullback for a sixth consecutive decline. The market spent the session firmly in negative territory but recovered from its lows into the afternoon, with seven of the 11 sectors finishing lower as weakness across Technology, Real Estate and Financials outweighed another strong session for Healthcare and Energy and strong results in select Property stocks providing some support.
The ASX 200 finished around flat on Tuesday after trading between -0.2% and +0.4% in a blockbuster day for reporting with several index heavyweights out with numbers. CSL and BHP provided significant support adding ~56pts to the index between the two giants; without the pair, the underlying session was considerably softer, with the major banks, Staples, telcos and retailers mostly lower.
The ASX started the week on the back foot, with eight of 11 sectors lower as reporting season drove a sixth decline in seven sessions. Consumer Discretionary was the clear laggard, with a notable result from JB Hi-Fi sending waves through the broader retail complex after weakening sales momentum, while financials also weighed as NAB disappointed with its quarterly amid lower home loan application volumes. Materials provided the major offset, rebounding after three sessions of weakness as gold, copper and lithium rallied.
A tough session on the ASX today, capping off a softer week for Aussie equities. The market struggled from the opening bell, though it could have been worse as the index climbed +25pts from the session lows, with the bourse now lower in five of the past six sessions.
The ASX 200 finished lower, recovering from a decline of around 0.7% earlier in the session as a blockbuster day of reporting continued to drive a highly mixed market. Breadth was weak for much of the day, with the index improving through the afternoon as some of the pressure on the major banks eased.
The ASX spent Wednesday firmly on the back foot, opening around 0.4% lower before selling accelerated through the morning as investors digested another heavy batch of results alongside yesterday’s hawkish RBA rhetoric. At the lows, around 70% of the index was trading in the red and all but one sector lower, before a steady move through the afternoon helped to claw back some ground.
The local market started the week on stronger footing today, rallying sharply at midday before giving back some of the gains through the afternoon. The move was overwhelmingly driven by Resources, hitting a fresh all-time high as copper, lithium, uranium, gold and iron ore names rallied together as BHP pushed to a record high.
The ASX 200 finished lower today taking the weekly decline to around 0.6% as the market gave back part of Thursday’s rebound. The index traded in a relatively narrow range through the day, but underneath the surface the tone remained patchy, with Real Estate, Technology and Consumer Discretionary doing most of the damage while Financials finally managed to stabilise after a very weak run.
The ASX 200 finally broke a six-session losing streak on Thursday, although the headline gain overstated the strength of the broader market. Seven of the 11 sectors finished lower, with Materials, Healthcare and Technology doing the heavy lifting.
The ASX 200 extended its recent pullback for a sixth consecutive decline. The market spent the session firmly in negative territory but recovered from its lows into the afternoon, with seven of the 11 sectors finishing lower as weakness across Technology, Real Estate and Financials outweighed another strong session for Healthcare and Energy and strong results in select Property stocks providing some support.
The ASX 200 finished around flat on Tuesday after trading between -0.2% and +0.4% in a blockbuster day for reporting with several index heavyweights out with numbers. CSL and BHP provided significant support adding ~56pts to the index between the two giants; without the pair, the underlying session was considerably softer, with the major banks, Staples, telcos and retailers mostly lower.
The ASX started the week on the back foot, with eight of 11 sectors lower as reporting season drove a sixth decline in seven sessions. Consumer Discretionary was the clear laggard, with a notable result from JB Hi-Fi sending waves through the broader retail complex after weakening sales momentum, while financials also weighed as NAB disappointed with its quarterly amid lower home loan application volumes. Materials provided the major offset, rebounding after three sessions of weakness as gold, copper and lithium rallied.
A tough session on the ASX today, capping off a softer week for Aussie equities. The market struggled from the opening bell, though it could have been worse as the index climbed +25pts from the session lows, with the bourse now lower in five of the past six sessions.
The ASX 200 finished lower, recovering from a decline of around 0.7% earlier in the session as a blockbuster day of reporting continued to drive a highly mixed market. Breadth was weak for much of the day, with the index improving through the afternoon as some of the pressure on the major banks eased.
The ASX spent Wednesday firmly on the back foot, opening around 0.4% lower before selling accelerated through the morning as investors digested another heavy batch of results alongside yesterday’s hawkish RBA rhetoric. At the lows, around 70% of the index was trading in the red and all but one sector lower, before a steady move through the afternoon helped to claw back some ground.
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
Verication email sent.
Check your email for an email from [email protected]
Subject: Your OTP for Account Access
This email will have a code you can use as your One Time Password for instant access
!
Invalid One Time Password
Please check you entered the correct info, please also note there is a 10minute time limit on the One Time Passcode
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Market Matters members receive daily market reports, real-time trade alerts, full access to 5 portfolios and dynamic company data.
Choose how you'd like to proceed:
We have a range of membership options to suit your needs and budget, why not join today and get unlimited access to the premium Market Matters service.
