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Market Reports

Weekly movement in zig-zag motion: Aus shares close 0.3% lower

09 Jun 2021 - The Australian sharemarket extended this week’s volatile trend and backflipped into the red zone after a strong morning session. Bank and supermarket stocks reversed …

Banks hit brakes on broader rally: Aus shares flat at noon

09 Jun 2021 - The Australian sharemarket charged ahead at the open to surpass its previous record high, reaching the 7334 mark in morning trade. Materials, Infotech and Health Care…

Struggles on Wall St as World Bank says 1% inflation hike: ASX to edge higher

09 Jun 2021 - Today's report covers Wall St's performance amid World Bank’s outlook on global growth & inflation. A wrap up of Tuesday’s local session. An explanation on why NAB (A…

Volatility characterises trading session: Aus shares close 0.2% higher

08 Jun 2021 - The ASX200 submerged into the red after Midday but staged a strong comeback around 2pm to re-enter positive territory, as the Australian benchmark wrapped up a tumult…

Tech leads rebound from Monday blues: Aus shares 0.1% higher at noon

08 Jun 2021 - The Australian sharemarket edged ahead at the open and bounced back from yesterday’s lows, reaching a new intraday high of 7316 in the morning session. Despite the mi…

S&P 500 struggles ahead of inflation figures, Challenger is a buy: ASX to open flat

08 Jun 2021 - Today's report covers Wall St's performance including intra day chart of the S&P 500 and the best and worst performers. Technical chart analysis of Challenger (ASX:CG…

Lockdown jitters eclipse employment optimism: Aus shares close 0.2% lower

07 Jun 2021 - The ASX200 continued its lacklustre tendency in afternoon trade, as the Australian sharemarket wrapped up the week’s first session on a weak note. Pessimistic sentime…

AUSTRAC crackdown hits stock market: Aus shares trading 0.1% lower at noon

07 Jun 2021 - The Australian sharemarket opened on a positive note but has since then taken a backflip below the 7300 mark into the red zone. Declines by the major banks reversed b…

Wall St rises on tech bull run, Citi rates Bluescope as buy & holds Pilbara: ASX to rise

07 Jun 2021 - This report covers Wall St's performance on Friday, a wrap-up of the week locally, why Citi rates Bluescope (ASX:BSL) a buy while Pilbara Minerals (ASX:PLS) as a hold…

ASX breaks new ground to notch record highs: Aus shares close higher

04 Jun 2021 - The Australian sharemarket strengthened its foothold in positive territory and extended the broad-based advance after lunchtime. The ASX200 steered into uncharted wat…

Financial stocks neutralise mining losses: Aus shares trading 0.1% higher at noon

04 Jun 2021 - The ASX200 rebounded from a subdued start back to gaining ways, as the Australian benchmark recouped earlier losses to charge back towards intraday record levels. Gai…

Upbeat data fails to spur US investor appetite: Aus shares poised for steady start

04 Jun 2021 - The Australian sharemarket is poised to marginally rise at the open, in defiance of weak signals from Wall Street, as coking coal and iron ore experienced rebounds in…

ASX extends rally for 2nd day, Citi rates Electro Optic as a buy: Aus shares close 0.6% higher

03 Jun 2021 - The ASX extended its winning streak for the 2nd day closing 0.6% higher at 7,260. Energy was the best performer while Consumer Discretionary was the worst. Citi rates…

ASX resets record high, Morgans say hold APN Industria REIT: ASX is tracking 0.7% higher at noon

03 Jun 2021 - The ASX is off to a positive start continuing its momentum from yesterday resetting a record high. Morgans say hold APN Industria REIT (ASX:API). Payment solutions pr…

Wall St edge higher, Why Woolies is a buy as Scentre is a hold: ASX to rise

03 Jun 2021 - This report covers Wall St's performance, a wrap-up of Wednesday session locally, why Woolworths (ASX:WOW) is a buy and Scentre (ASX:SCG) is a hold.

Better-than-expected GDP growth propels market to record high: Aus shares close 1.1% higher

02 Jun 2021 - The ASX200 continued its bullish tendency throughout the afternoon session and penetrated the 7200s region, erasing records to reach the highest ever close in history…

Energy stocks oil up rally engine: Aus shares trading 0.6% higher at noon

02 June 2021 - The Australian sharemarket bounced back strongly at the open, advancing full steam ahead towards the 7200 mark. Energy stocks and iron ore miners are doing the heavy…

Wall St struggles, Why hold Fortescue & Link, PEXA set to float: ASX to rise

02 Jun 2021 - This report covers Wall St's performance, a wrap up of Tuesday's session locally, why Morgans rates Link (ASX:LNK) and Fortescue Metals (ASX:FMG) as a hold. Eyes on n…

RBA's monetary decision decelerates decline: Aus shares close 0.3% lower

01 June 2021 - The Australian sharemarket continued to navigate red waters in afternoon trade, but began to recoup losses since midday. The RBA’s decision to maintain its easy mone…

Iron miners limit losses: Aus shares trading 0.5% lower at noon

01 June 2021 - The Australian sharemarket extended yesterday’s losses at the open, despite a positive handover from US stocks. Banks were the heaviest weights on the broader market…

Wall St closed, iron ore rebounds, why Webjet is a buy: ASX to fall

01 Jun 2021 - In this report we look to European markets as our lead. A wrap up of Monday's session, why Webjet (ASX:WEB) is a buy with chart analysis along with a big day of econo…

ASX takes U-turn from record high: Aus shares close 0.3% lower

31 May 2021 - The ASX200 took a U-turn from reaching a record intraday high to slipping into the red, as the Australian benchmark index’s descent picked up pace after lunchtime. Re…

Volatility sets tone for mixed session: Aus shares trading 0.1% lower at noon

31 May 2021 - The Australian sharemarket advanced at the open to notch an all-time intraday high of 7203, breaking into the 7200s region for the first time ever. The optimistic sta…

Wall St gains, US jobs data looms, Ords say hold CBA, Why Utilities fell 25%: ASX to edge higher

31 May 2021 - Covered in this report is Wall St's performance on Friday, a weekly wrap for the ASX 200, what's ahead in both local and international economic news, broker recommend…

Investors immune to Melbourne lockdown: Aus shares close 1.2% higher

28 May 2021 - The ASX200 extended its rally in afternoon trade, wrapping up the week’s last trading session on a high note. The Australian benchmark’s second consecutive day in pos…

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