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Market Wrap

August 2023

Nine of the ASX’s 11 sectors ended the day in the green.

Inflation surprise sparks best ASX rally in six weeks

The S&P/ASX 200 closed 87.2 points higher, or 1.2 per cent, to 7297.70, the largest single-day gain since mid-July. The All Ordinaries also rose 1.2 per cent.

  • Joshua Peach

September 2021

Australian shares closed the week higher on Friday.

ASX rises for second week running

A rebound in commodity prices and an upbeat second-quarter GDP result have pushed the Australian sharemarket higher for a second week running.

  • William McInnes

June 2021

The S&P/ASX 200 Index climbed 6.7 points, or 0.1 per cent, to 7386.2, extending its record high from the previous session.

ASX edges 0.1pc higher despite China weighing on miners

The miners dragged on the Australian sharemarket as China said it would release its reserve of a number of key commodities in order to curb price increases.

  • William McInnes
Australian shares closed at a record high on Friday.

Tech leads ASX to record high

The Australian sharemarket closed at a record high on Friday, extending its strong run of form, as Victoria exited its two-week lockdown. 

  • William McInnes
The ASX hit a new record closing high on Thursday.

ASX 200 index tops 7300 to close at record high, buoyed by tech

The Australian sharemarket closed at a record high on Thursday, with strong real estate and tech stock gains offsetting a fall in the energy and travel sectors.

  • William McInnes
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The Australian sharemarket rose to a new record high on Wednesday.

ASX hits record high as economy completes rebound

The sharemarket rose to a new record on Wednesday, supported by advances from the miners and energy stocks.

  • William McInnes
The ASX slid on Tuesday.

ASX slides as banks dip, crude hits $US70 a barrel

A mid-session rally sparked by stronger-than-expected GDP partials wasn’t enough to lift the Australian sharemarket, as the major banks weighed on local shares.

  • William McInnes

May 2021

Australian shares climbed on Tuesday.

Miners propel ASX 1pc to a two-week high as Pepper disappoints

The major iron ore miners shrugged off a fall in iron ore prices to help drive the Australian sharemarket to its highest level in two weeks.

  • William McInnes
Australian shares were hit hard by a mid-week sell-off.

ASX rises despite mid-week sell-off

The Australian sharemarket was able to overcome a mid-week sell-off, with strong advances from the tech, travel and gold sectors offsetting heavy losses from the major iron ore miners.

  • William McInnes
Australian shares were pummeled on Wednesday.

Inflation, iron ore concerns send ASX 1.9pc lower

Rising inflation fears and concerns about Australia’s iron ore supply to China rattled the sharemarket, sparking the biggest sell-off since February 26.

  • William McInnes

April 2021

The ASX is within 100 points of a record high.

ASX rises 0.3pc, nearing record after hitting 14-month high

The Australian sharemarket moved closer to reclaiming a record high on Thursday, buoyed by a strong performance from the mining sector.

  • William McInnes
Australian shares closed lower on Wednesday.

ASX dips 0.3pc, falling for second straight session

Australia was unable to escape a global equity market sell-off, with local shares falling for a second straight session on Wednesday, driven by losses from the major banks and miners.

  • William McInnes
The ASX hit a fresh post-pandemic high this week.

Tech stocks lead strong week for ASX

A surging tech sector drove the Australian sharemarket to a fresh 13-month high this week, as strong economic data and a calming of the bond market supported global equity markets.

  • William McInnes
The ASX extended its 13-month high on Thursday.

Tech offsets miners to help ASX edge higher

A surge in a number of local tech stocks helped to offset weakness from the major miners on Tuesday, pushing the Australian sharemarket slightly higher.

  • Updated
  • William McInnes
The ASX extended its 13-month high on Thursday.

ASX rises 1pc, extending its 13-month high

The Australian sharemarket extended its strong start to the month on Thursday, with the miners and big four banks supporting the rise.

  • William McInnes
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March 2021

Stocks rose firmly on Thursday.

ASX rises 0.5pc, buoyed by falling bond yields, CBA and CSL

A strong performance from a number of blue chips helped the Australian sharemarket climb to its highest level in a week on Wednesday, supported by a fall in bond yields.

  • William McInnes

February 2021

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.

  • Luke Housego
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.

  • Luke Housego
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.

  • Luke Housego
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.

  • Luke Housego

Original URL: https://www.afr.com/topic/market-wrap-hwp