The ASX200 delivered a fascinating week under-the-hood even while the index hardly moved, on the sector level it was also fairly quiet as we all focused on the big hits and misses as corporate Australia faced the music – 8 stocks finished the week down 10%, or more, while an impressive 12 companies ended the week higher by the same degree, in other words 1 out 10 ASX200 stocks moved by more than 10% over the 5-days.
The ASX200 struggled last week finally closing down 168-points / 2.2% as the Resources Sector fell from grace with a bang e.g. BHP Group (BHP) -16%, RIO Tinto (RIO) -10.9%, OZ Minerals (OZL) -9.5% and Independence Group (IGO) -10.6%.
We actually saw 6 of the 11 market sectors rally last week but when the mighty banks and resources fall the ASX is always going struggle and last week was no exception.
Another week and almost another 100-points as the ASX200 rallies ever higher posting new all-time highs along its merry way. Reporting season maintained its bullish tailwind for equities with the hugely influential Financial Sector the main beneficiary over the week - a huge positive impact on the local index which is currently made up...
Global equities continue to follow good old fashioned corporate earnings while dismissing short-term worries around COVID along the way. Bull markets view news flow through rose coloured glasses and that’s exactly what local stocks have enjoyed since their latest rally commenced back in 2020, 10-months and an impressive 1747-points / 30% ago:
The ASX200 ended last week unchanged after an early assault on fresh all-time highs, the large cap miners supported the index while most other stocks & sectors closed in the red for the week on Friday. Interestingly the migration from growth to value stocks is currently unfolding in earnest while bond yields continue to plumb multi-month lows as the escalating Sydney lockdown threaten...
Last week saw the ASX200 shrug off a rapidly deteriorating COVID picture particularly in Sydney finally managing an impressive positive close up +0.6%, the week was distinctly one of 2 halves. Firstly we plummeted lower on fears of a double dip recession only to recover strongly as the market appeared to weigh up a potential ramp up in Federal & State economic stimulus & / or a largely vaccinated country...
The ASX200 has now completed 6-weeks of oscillating in the tight 7200-7400 trading range, it’s becoming increasingly tough to find something interesting to discuss from on index perspective as it remains comfortable meandering around in a small 2.5% band. However on the sector level things have been more interesting
The ASX200 feels like it’s been on a small rollercoaster ride of late but after rallying strongly into the close yesterday we finished off the week basically where we kicked off at the start of June i.e. there’s been lots of news on both the economic and social level but all stocks have done for the last month is rotate between sectors
The ASX200 ended the week in style rallying +0.6% as the index enjoyed broad based buying to end the fairly choppy EOFY week unchanged, literally to the point. As we commence the FY21/22 I can imagine a number of fund managers are thinking how do we match the performance of the last 6 & 12-months
The ASX200 gave back some ground last week, even after a strong session on Friday, however considering almost 1 million people are back in lockdown in Sydney a loss of under 1% feels to me like an admirable performance. The current measures are already flagged to cost the economy in excess of $300m with the potential to worsen significantly if we fail to contain the Indian Delta variant of COVID.
The ASX200 struggled last week finally closing down 168-points / 2.2% as the Resources Sector fell from grace with a bang e.g. BHP Group (BHP) -16%, RIO Tinto (RIO) -10.9%, OZ Minerals (OZL) -9.5% and Independence Group (IGO) -10.6%.
We actually saw 6 of the 11 market sectors rally last week but when the mighty banks and resources fall the ASX is always going struggle and last week was no exception.
Another week and almost another 100-points as the ASX200 rallies ever higher posting new all-time highs along its merry way. Reporting season maintained its bullish tailwind for equities with the hugely influential Financial Sector the main beneficiary over the week - a huge positive impact on the local index which is currently made up...
Global equities continue to follow good old fashioned corporate earnings while dismissing short-term worries around COVID along the way. Bull markets view news flow through rose coloured glasses and that’s exactly what local stocks have enjoyed since their latest rally commenced back in 2020, 10-months and an impressive 1747-points / 30% ago:
The ASX200 ended last week unchanged after an early assault on fresh all-time highs, the large cap miners supported the index while most other stocks & sectors closed in the red for the week on Friday. Interestingly the migration from growth to value stocks is currently unfolding in earnest while bond yields continue to plumb multi-month lows as the escalating Sydney lockdown threaten...
Last week saw the ASX200 shrug off a rapidly deteriorating COVID picture particularly in Sydney finally managing an impressive positive close up +0.6%, the week was distinctly one of 2 halves. Firstly we plummeted lower on fears of a double dip recession only to recover strongly as the market appeared to weigh up a potential ramp up in Federal & State economic stimulus & / or a largely vaccinated country...
The ASX200 has now completed 6-weeks of oscillating in the tight 7200-7400 trading range, it’s becoming increasingly tough to find something interesting to discuss from on index perspective as it remains comfortable meandering around in a small 2.5% band. However on the sector level things have been more interesting
The ASX200 feels like it’s been on a small rollercoaster ride of late but after rallying strongly into the close yesterday we finished off the week basically where we kicked off at the start of June i.e. there’s been lots of news on both the economic and social level but all stocks have done for the last month is rotate between sectors
The ASX200 ended the week in style rallying +0.6% as the index enjoyed broad based buying to end the fairly choppy EOFY week unchanged, literally to the point. As we commence the FY21/22 I can imagine a number of fund managers are thinking how do we match the performance of the last 6 & 12-months
The ASX200 gave back some ground last week, even after a strong session on Friday, however considering almost 1 million people are back in lockdown in Sydney a loss of under 1% feels to me like an admirable performance. The current measures are already flagged to cost the economy in excess of $300m with the potential to worsen significantly if we fail to contain the Indian Delta variant of COVID.
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