The ASX200 closed up +3.6% for August, shrugging off its seasonally weak tag, having closed lower 70% of the time over the last decade. Interestingly, September is usually worse. It has fallen 80% of the time over the last decade, resulting in an average loss of 2.35%.
The ASX 200 advanced +0.2% on the penultimate trading day of August, taking its monthly gain to +2.7%. As we often say, there are “lies, more lies, and statistics,” and in this case, the average decline for August and September combined over the last decade before 2025 was around -3%. Interestingly, when August managed to close positively, it was followed by a poor September. Time will tell this year, but the market is feeling tired.
The ASX200 finished up +0.3% on Wednesday after an initial dip into lunchtime, following hotter-than-expected inflation data, which cooled expectations for a September rate cut. The big miners drove the market along with selected earnings standouts, even as the chances of a rate cut next month fell towards 20%.
The ASX200 retreated 0.4% on Tuesday, struggling from the get-go after Wall Street’s weakness on Monday night. Almost 60% of the market retreated, with losses concentrated in the materials and utilities sectors, although both were only down around 1%.
The ASX200 closed up just +0.1% on Monday, after the index surrendered substantial early gains and failed to close above the psychological 9000 level. Selling was most noticeable in the banks, with the financial sector ending the day down 1.2% with 6 of the main boards' 11 main sectors closing lower.
Fed Chair Jerome Powell used his much-anticipated speech from Jackson Hole on Friday to signal that the US central bank is on track for an interest-rate cut in September, after holding its benchmark steady in the first eight months of the year. The market reaction was instantaneous, with Powell unleashing the biggest cross-market surge since April by striking a surprisingly dovish tone during his speech. The S&P 500 Index rebounded from a five-day slide, rising +1.5%; meanwhile, the rate/economically-sensitive Russell 2000 small-cap index surged almost 4%.
The ASX 200 surged over 100 points on Thursday to close above the 9000 level for the first time, who would have thought back in April? All 11 major sectors closed higher as the bulls got the bit between their teeth, and sellers were very stock-specific.
The ASX200 closed up +0.25% on Wednesday, which was impressive considering James Hardie (JHX) was thumped ~28%, and CSL extended Tuesday's decline by another 2.1%.
The ASX200 fell 0.7% on Tuesday, with healthcare behemoth CSL inflicting all of the damage to the index; more stocks finished the session up on the day! However, when the market's third-largest company by market capitalisation at the start of the day tumbled almost 17% to end the day as the fifth-largest, it inevitably had a meaningful impact on the underlying index. To paint a clear picture, the ASX200 closed down 63 points, with CSL contributing 65 points on the negative side of the ledger - more on CSL later.
The ASX200 closed up +0.2% on Monday, cautiously nudging closer to the psychological 9000 level. With over 80% of the ASX200 still to report, there’s likely to be plenty of action on the stock level over the coming weeks.
The ASX 200 advanced +0.2% on the penultimate trading day of August, taking its monthly gain to +2.7%. As we often say, there are “lies, more lies, and statistics,” and in this case, the average decline for August and September combined over the last decade before 2025 was around -3%. Interestingly, when August managed to close positively, it was followed by a poor September. Time will tell this year, but the market is feeling tired.
The ASX200 finished up +0.3% on Wednesday after an initial dip into lunchtime, following hotter-than-expected inflation data, which cooled expectations for a September rate cut. The big miners drove the market along with selected earnings standouts, even as the chances of a rate cut next month fell towards 20%.
The ASX200 retreated 0.4% on Tuesday, struggling from the get-go after Wall Street’s weakness on Monday night. Almost 60% of the market retreated, with losses concentrated in the materials and utilities sectors, although both were only down around 1%.
The ASX200 closed up just +0.1% on Monday, after the index surrendered substantial early gains and failed to close above the psychological 9000 level. Selling was most noticeable in the banks, with the financial sector ending the day down 1.2% with 6 of the main boards' 11 main sectors closing lower.
Fed Chair Jerome Powell used his much-anticipated speech from Jackson Hole on Friday to signal that the US central bank is on track for an interest-rate cut in September, after holding its benchmark steady in the first eight months of the year. The market reaction was instantaneous, with Powell unleashing the biggest cross-market surge since April by striking a surprisingly dovish tone during his speech. The S&P 500 Index rebounded from a five-day slide, rising +1.5%; meanwhile, the rate/economically-sensitive Russell 2000 small-cap index surged almost 4%.
The ASX 200 surged over 100 points on Thursday to close above the 9000 level for the first time, who would have thought back in April? All 11 major sectors closed higher as the bulls got the bit between their teeth, and sellers were very stock-specific.
The ASX200 closed up +0.25% on Wednesday, which was impressive considering James Hardie (JHX) was thumped ~28%, and CSL extended Tuesday's decline by another 2.1%.
The ASX200 fell 0.7% on Tuesday, with healthcare behemoth CSL inflicting all of the damage to the index; more stocks finished the session up on the day! However, when the market's third-largest company by market capitalisation at the start of the day tumbled almost 17% to end the day as the fifth-largest, it inevitably had a meaningful impact on the underlying index. To paint a clear picture, the ASX200 closed down 63 points, with CSL contributing 65 points on the negative side of the ledger - more on CSL later.
The ASX200 closed up +0.2% on Monday, cautiously nudging closer to the psychological 9000 level. With over 80% of the ASX200 still to report, there’s likely to be plenty of action on the stock level over the coming weeks.
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