ASX 200 gains; Perseus bid for OreCorp
Critical minerals pullbacks by Liontown, Chalice, South32 and Andrew Forrest’s Wyloo. OreCorp battle heats up. Appen plunges after losing Google contract. Zip gains.
Markets
ASX snaps five-day losing streak
Led by a rally in tech stocks, the local share market finished in the green for the first time in five days, but closed out the week 1 per cent lower.
ASX ends losing streak, lifts 1pc
IMF sees potential need for RBA hike. Yancoal leads coal miners. Whitehaven flags partial sale of Blackwater mine. NAB CEO sees late 2024 economic recovery. Santos’ NT Barossa nod.
ASX slips for fifth straight session
The share market extended its losses on Thursday, as property, energy and material stocks dragged the benchmark lower.
More Stories
Travel, energy gains mask risk-off mood
It was a lacklustre session for the Australian sharemarket with gold, energy and travel firms helping the index mask technology sector weakness.
ASX closes flat; travel stocks gain
Australia’s share market was flat in quiet trading despite Friday’s gains on Wall Street. Stocks closed down 4.7 points with the energy sector and travel stocks posting gains.
Bunnings group snaps up iconic brand
An iconic Australian pharmacy chain has found a new home alongside a host of other big-name brands in a $760 million takeover deal.
Cloud over 170 jobs amid shock closure
The Brisbane-based workforce of a $6bn fertiliser company is reeling after a decision that could lead to mass redundancies over the next 14 months.
Elon Musk’s $28 billion ‘coin flip’
Elon Musk — the world’s richest man — has promised to sell 10 per cent of his Tesla stock if his followers on Twitter tell him to.
ASX ends week on a high; Afterpay bid ‘fair’
Australia’s sharemarket rose at the end of a solid week in which investors shrugged off concerns over upward pressure on interest rates. The S&P/ASX 200 closed up 0.4 per cent.
10 stocks to win from rising inflation, interest rates
Households hate rising interest rates in many instances, but it’s a promising sign for some sharemarket investments. Here’s why.
ASX closes up 0.5% as CSR soars; Myer down on second strike
The ASX 200 finished up 0.5% at 7428 with heavyweight financials posting a solid rise, while investors poured into BetaShares’ Crypto ETF.
ASX closes up 0.9%; AMP, Orocobre big gainers
The ASX 200 closed 0.9 per cent higher on AMP’s strong gains and solid performances from miners. It was the market’s best session in four and a half weeks.
RBA scraps yield target, rates guidance; ASX falls 0.6%
The Reserve Bank has abandoned its target of 10 basis points for the April 2024 Australian Government bond and has also ditched its 2024 rates guidance. Shares closed 0.6% weaker after earlier hitting a two-week low.
Original URL: https://www.themercury.com.au/business/markets/page/194