February 2021
Weekly gain eroded after 1.3pc market fall
The Australian sharemarket has ended the week lower weighed down by falls among the miners and CSL on Friday. Morgan Stanley hikes Afterpay price target to $170.
Sharemarket flat as bumper CSL result offsets broader weakness
A positive jobs market report and a surge in profit from market heavyweight CSL helped the market avoid a fall on Thursday amid a big day of results.
ASX ends flat; BOQ to raise money for potential acquisition
The Australian sharemarket has ended the session flat; ANZ reports Q1 cash profit of $1.8b; Woodside achieves record production; CSL declares record dividend; Fortescue smashes dividend record; Brent crude above $US65 for first time since January 2020.
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Rio Tinto springs US93¢ special dividend
The ASX 200 lost 32.1 points today. Rio Tinto has declared a final dividend of $US3.09 and special dividend on top. Russia’s Lukoil lobs an 11th-hour bid for FAR asking for the vote on Woodside’s offer to be rescheduled. Follow updates here.
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Investors lash disclosure softening
Investors and Labor lashed the government’s softening of continuous disclosure laws, warning it undermines the integrity of the sharemarket and removes a check on directors.
The ASX junior blazing a trail in the $US15bn American wagering market
Surrey Asset Management portfolio manager Nick Maclean on why the fund has built a position in BetMakers and why Omni Bridgeway’s exposure to the continuous disclosure laws change is limited.
ASX firms 0.7pc, buoyed by BHP profit
The ASX has inched closer to its pre-pandemic record amid sustained momentum for global equities and more positive earnings updates.
ASX hits 11-month high; Fortescue falls as leaders exit
The Australian sharemarket closed at its highest level since February 2020; BHP Group rises after paying bumper dividend; JCap says Nearmap response avoided key issues; RBA outlines thinking behind extension of QE; Fortescue clears out leadership amid Iron Bridge cost blowout.
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ASX rises; Japan’s Nikkei 225 tops 30,000pts for the first time since 1990
The ASX has closed 0.9 per cent higher with the materials sector leading the gains by market value. JB Hi-FI and Seven West Media among the shares to advance off the back of results updates.
We’re entering the next resources supercycle: JPMorgan
The economic recovery, cheap money and inflation are seen as placing the global economy at the start of the next commodities supercycle.
Lockdown sinks ASX; bitcoin hits record high
Investors took risk off the table ahead of the weekend, travel companies dropped on Melbourne’s lockdown, and Mirvac cuts its dividend 21.3pc.
ASX closes little changed as Telstra, AMP report earnings
AMP, Telstra, AGL Energy and Newcrest were among the company’s to report results on Thursday in a market dominated by a wavering benchmark index.
ASX ends lower; Nearmap falls 7.3pc after JCap report
The Australian sharemarket has closed slightly lower; Telstra revises full year guidance; Transurban swings to $419m loss; AMP tumbles as Ares scraps takeover; Magellan profit up 3pc to $202.3m; JCap alleges Nearmap’s US business is failing.
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ASX rises; TechnologyOne defends rem report ahead of AGM vote
Buy now pay later delivered a strong session for the technology sector. CIMIC shares hammered following full year results release. Crown director Poynton separates from Packer’s Consolidated Press. Follow updates live here.
ASX slides 0.4pc as interim earnings drive sharp price moves
The ASX eased back from an 11-month high on Tuesday despite gains across much of the rest of Asia as earnings season delivered sharp price swings.
ASX slips; Computershare upgrades guidance
The Australian sharemarket has closed lower; Dexus says activity lifting as people return to work; Challenger punished after cutting dividend; Macquarie Bank CEO retires in board, management shake-up; Business confidence rises in January; future of Crown’s Sydney casino licence uncertain.
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ASX closes in on pre-Covid high; BHP, Rio drive market gains
The mining sector has led the ASX higher. Iron ore miners rise despite the commodity spot market pull back. JPMorgan sees upside in low expectations for AMP results. Follow updates live here.
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January 2021
ASX sinks 1.9pc; Tech tanks 4pc as Afterpay, Kogan, Xero slide
The sharemarket slumped to a three-week low as blue chips led the sharpest sell-off since September. Tech stocks plunged 4 per cent. Gold stocks hit nine-month low. GME Resources soars 13 per cent on GameStop frenzy.
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ASX dips 0.7pc; Tyro says ‘limited’ merchants affected
The sharemarket fell as big miners retreated on weaker iron ore prices. Fortescue tumbles 6 per cent. Reliance jumped more than 6 per cent on upbeat guidance. Eagers eyes $209 million full year profit. Temple & Webster, AMA slammed.
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Tech lifts ASX higher; energy, gold lower
The sharemarket closes up 0.36pc on strength in tech, with gains in consumer-facing companies offset by falls in gold and energy. The US Fed meets on Tuesday.