NewsBite

Luke Housego

February 2021

Monday is a big earnings day for the ASX.

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.

The ASX declined this week.

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.

  • Updated

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.

  • Updated
Gabriel Radzyminski of Sandon Capital opposes the disclosure changes.

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.

Advertisement
Nick Maclean co-founded Surrey Asset Management with Michael Woolhouse in 2018.

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.

It was green on screen on Thursday.

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.

  • Updated
Monday is a big earnings day for the ASX.

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.

WA's Port Headland.

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.

Mirvac markets live

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.

Shares were little changed on the Australian stock exchange on Thursday.

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.

  • Updated

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.

Positive local news failed to lift the ASX.

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.

Advertisement

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.

  • Updated

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.

  • Updated

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.

  • Updated

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.

  • Updated
Markets live

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.

Original URL: https://www.afr.com/by/luke-housego-h18i2z