‘Hard asset’ miners defy ASX losses
The ASX finished in the red for the fourth straight day with losses across the board, but miners were the ‘conspicuous’ exception.
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The ASX finished in the red for the fourth straight day with losses across the board, but miners were the ‘conspicuous’ exception.
The ASX dipped lower for a third straight day as sellers turned on resources stocks, while buyers had a delayed reaction to NAB’s result.
Miners helped limit losses on the ASX, which was weighed down by the banks, including NAB despite a big profit surge.
It was a lacklustre session for the Australian sharemarket with gold, energy and travel firms helping the index mask technology sector weakness.
The ASX ended the week firmly in the green amid rising bullish sentiment and clearer signals from central banks.
The ‘resilient’ ASX bounced higher after Wall Street hit fresh record highs, providing a positive lead, but energy stocks got whacked.
Record highs on US markets propelled the ASX firmly into the green, while fresh comments on interest rates have settled nerves.
The ASX surged after the RBA flagged keeping the cash rate at its historic low for another two years, but couldn’t hold onto the gains.
News of a Singapore travel bubble helped stocks such as Qantas, but Westpac tanked after its full-year results failed to impress.
The ASX ‘completely ignored’ a positive lead from Wall Street and ground lower, enough to turn what was going to be a positive month into a negative.
After barely budging for five of the six previous trading days, the ASX finally found a direction to go in: south.
New figures showing the strongest annual inflation growth rate in almost six years sent the ASX tumbling but it managed to claw back to finish flat.
The ASX ran out of steam following a choppy start, but Crown Resorts surged after the Victorian royal commission gave its flagship Melbourne casino a stay of execution.
The ASX finished barely changed for a second straight day, with gains among retailers unable to counter weakness in one of Australia’s most important sectors.
The ASX closed barely changed after a rollercoaster session, but the teeny gains still count as the fifth day in the green over the past six.
The ASX climbed into the green and stayed there despite a last-minute sell-off, with only energy and telco sectors losing ground.
A late sell-off stopped the ASX from notching up its fourth straight day in the green, but a whisky distiller and potash producer gained ground.
The ASX ended the week on a high note, with travel stocks taking off after NSW’s new Premier Dominic Perrottet made a massive announcement.
The ASX bounced back after three straight days of losses, with tech stocks the big winners, while baby formula makers saw more action.
The ASX continues to show weakness in choppy trade, with banks and miners copping it, but baby formula companies are taking off.
Higher commodity prices are usually good news for Australia, but concerns about economic recovery are weighing heavily on markets.
The ASX had a poor start to the week, with casino operators firmly in the red following another fresh scandal.
A development in the US gave the Aussie sharemarket a boost but experts warn it is just ‘kicking the can down the road’.
If Australia’s residential property market was a country, it would now be the world’s third richest, as rising house prices sees the total value of all homes soar by $200 million a day.
A Queensland coalminer is furious after copping an ASX suspension, even though it was suffering from a series of Covid mishaps.
The ASX has fallen in line with overseas markets to close firmly lower, with technology stocks among the biggest losers.
The ASX surged higher thanks to strong gains by bank stocks, particularly CBA, while Nick Scali rallied on news it was acquiring a sofa business.
The ASX plunged in a horror start to the December quarter but travel stocks got a boost from a new international border plan.
The ASX shot the lights out despite mixed overseas leads, with supermarkets among the strong performers.
The ASX followed Wall Street and other markets downward as a heady brew of unsettling economic news weighed on investors.
Original URL: https://www.news.com.au/topics/asx/page/24