The ASX200 had a choppy but overall uneventful week on the index level but under the hood reporting season continued to deliver some fascinating volatility. History tells us that companies which rally strongly on good results generally outperform the index for months to come, a couple of lines from Jim Cramer’s Mad Money on CNBC over the weekend caught my eye, especially considering the position of our market as we exit this eventful period which directors generally love, or hate, depending on their year:
The ASX200 suffered a tough Thursday closing out the day over -0.5% lower with only 30% of the index managing to close in positive territory, only really the Telco stocks managed to rally as a group. Volatility on the stock level remained elevated as reporting season starts to deliver a negative bias after promising so much early on, over the day we only saw 4 stocks rally by 4% while more than 14 companies fall by the same degree. As is usual this time of year the last 5-days has created a...
The ASX200 enjoyed a solid Wednesday session with the combination of strong earnings and aggressive chasing of some recovery stocks ultimately leading to a +0.4% advance - 12 shares rallied by 5%, and more, while only 4 names fell by the same degree. A couple of standout themes on the stock and sector level caught our attention yesterday with an underlying belief that Australia will be 70-80% vaccinated and trading basically as usual by Christmas shining through:
The ASX200 continued its quiet start to the week finally closing up +0.2% with the action remaining firmly under the hood with 11 stocks rallying by +4%, or more, while 5 names fell by the same degree. High volatility through reporting season is nothing unusual with investors delivering 2 very clear and different messages to corporate Australia:
The ASX200 fought hard to bounce yesterday finally closing up +0.4% with over 60% of stocks closing in positive territory. The interest rate sensitive sectors largely outperformed with IT and Real Estate catching my eye but the more interesting action was on the stock level with 13 stocks rallying by over 4% while 10 names fell by the same degree. Overall this volatility on the company level appears reflective of both reporting season and the “twitchy” nature with which investors are reacting to corporate news as the market remains close to its all-time high.
The ASX200 endured a rare fall last week with the heavyweight Resources and Banks inflicting the damage, interestingly under the hood the stock and sector performance was very mixed with a number of shining lights from some less influential stocks. There was some eye catching declines by many major names from within the Value Sector which created a meaningful headwind for the local index, arguably the ASX fought well to only drop -2.2%:
The ASX200 fell another -0.5% yesterday even with the number of winners & losers evenly balanced, however the influential Resources Sector was again smashed with heavyweights BHP Group (BHP), RIO Tinto (RIO), Independence Group (IGO) and Fortescue Metals (FMG) all falling by over 5%. Iron Ore and copper were down heavily during our time zone and not surprisingly this flowed into aggressive selling across ASX related stocks.
The ASX200 opened lower yesterday but the “buy the dip” phenomenon that’s been prevalent post the initial coronavirus breakout played out through the morning, early losses turned into gains before the index drifted into 4pm, we ultimately closed down just 0.1% - its hard to argue with the bulls when they cite a mass of liquidity (money) sitting on the sidelines looking to accumulate / buy stocks into weakness. Wednesdays strength was broad based with well over 60% of stocks rallying and if it hadn’t been for a -7% drop in BHP, wiping 33-points from the index, we would have recovered half of Tuesdays aggressive down day.
The ASX200 experienced it’s worst day in 2 months yesterday finally closing down 71-points as the banks and resources again fell as confidence continues to wane towards the global economy. The RBA echoed the markets concern that the Delta Variant might push Australia back into a recession as they considered further stimulus during their August board meeting– “The board would be prepared...
The ASX200 struggled yesterday as the two most influential sectors fell in tandem, Bendigo Bank (BEN) -9.9% led the Banking Sector lower while OZ Minerals (OZL) -3.9% took line honours for the major miners. The index itself fell only -0.6% although the selling felt more aggressive with 11 companies falling by over 4% while only one rallied by the same degree. . A couple of stocks which we hold in our Growth Portfolio and are hoping to add into weakness were on the ...
The ASX200 suffered a tough Thursday closing out the day over -0.5% lower with only 30% of the index managing to close in positive territory, only really the Telco stocks managed to rally as a group. Volatility on the stock level remained elevated as reporting season starts to deliver a negative bias after promising so much early on, over the day we only saw 4 stocks rally by 4% while more than 14 companies fall by the same degree. As is usual this time of year the last 5-days has created a...
The ASX200 enjoyed a solid Wednesday session with the combination of strong earnings and aggressive chasing of some recovery stocks ultimately leading to a +0.4% advance - 12 shares rallied by 5%, and more, while only 4 names fell by the same degree. A couple of standout themes on the stock and sector level caught our attention yesterday with an underlying belief that Australia will be 70-80% vaccinated and trading basically as usual by Christmas shining through:
The ASX200 continued its quiet start to the week finally closing up +0.2% with the action remaining firmly under the hood with 11 stocks rallying by +4%, or more, while 5 names fell by the same degree. High volatility through reporting season is nothing unusual with investors delivering 2 very clear and different messages to corporate Australia:
The ASX200 fought hard to bounce yesterday finally closing up +0.4% with over 60% of stocks closing in positive territory. The interest rate sensitive sectors largely outperformed with IT and Real Estate catching my eye but the more interesting action was on the stock level with 13 stocks rallying by over 4% while 10 names fell by the same degree. Overall this volatility on the company level appears reflective of both reporting season and the “twitchy” nature with which investors are reacting to corporate news as the market remains close to its all-time high.
The ASX200 endured a rare fall last week with the heavyweight Resources and Banks inflicting the damage, interestingly under the hood the stock and sector performance was very mixed with a number of shining lights from some less influential stocks. There was some eye catching declines by many major names from within the Value Sector which created a meaningful headwind for the local index, arguably the ASX fought well to only drop -2.2%:
The ASX200 fell another -0.5% yesterday even with the number of winners & losers evenly balanced, however the influential Resources Sector was again smashed with heavyweights BHP Group (BHP), RIO Tinto (RIO), Independence Group (IGO) and Fortescue Metals (FMG) all falling by over 5%. Iron Ore and copper were down heavily during our time zone and not surprisingly this flowed into aggressive selling across ASX related stocks.
The ASX200 opened lower yesterday but the “buy the dip” phenomenon that’s been prevalent post the initial coronavirus breakout played out through the morning, early losses turned into gains before the index drifted into 4pm, we ultimately closed down just 0.1% - its hard to argue with the bulls when they cite a mass of liquidity (money) sitting on the sidelines looking to accumulate / buy stocks into weakness. Wednesdays strength was broad based with well over 60% of stocks rallying and if it hadn’t been for a -7% drop in BHP, wiping 33-points from the index, we would have recovered half of Tuesdays aggressive down day.
The ASX200 experienced it’s worst day in 2 months yesterday finally closing down 71-points as the banks and resources again fell as confidence continues to wane towards the global economy. The RBA echoed the markets concern that the Delta Variant might push Australia back into a recession as they considered further stimulus during their August board meeting– “The board would be prepared...
The ASX200 struggled yesterday as the two most influential sectors fell in tandem, Bendigo Bank (BEN) -9.9% led the Banking Sector lower while OZ Minerals (OZL) -3.9% took line honours for the major miners. The index itself fell only -0.6% although the selling felt more aggressive with 11 companies falling by over 4% while only one rallied by the same degree. . A couple of stocks which we hold in our Growth Portfolio and are hoping to add into weakness were on the ...
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