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Market Reports

Blue-chips form backbone of Monday rally: Aus shares close 0.9% higher

15 Jun 2021 - The Australian sharemarket accelerated on momentum throughout the afternoon session, erasing records to wrap up trade at an all-time high and extending the positive r…

Gold stocks let rally team down: Aus shares trading 1% higher at noon

15 Jun 2021 - The Australian sharemarket extended Friday’s advance and ascended to record levels in the Monday morning session, hitting the highest ever intraday peak of 7392 befor…

Nasdaq gains as tech stocks jump, why Universal Biosensors is a buy: ASX to lift

15 Jun 2021 - In this report, we cover a wrap up of Wall St’s mixed performance ahead of the Federal Reserve meeting. A weekly overview of the ASX last week, why Universal Biosenso…

ASX extends gaining streak to four weeks: Aus shares close 0.1% higher

11 Jun 2021 - The ASX200 extended its rebound from the morning session’s early losses and maintained momentum after midday. The IT and mining sectors offset the decline by financia…

Tech & mining rally overpowers banking slump: Aus shares 0.3% higher at noon

11 Jun 2021 - The Australian sharemarket extended the week’s volatile trend and fluctuated between the buy and sell zones during Friday’s morning session. Despite a positive start,…

US investors ignore inflation indicator: Aus shares to open higher

11 Jun 2021 - The ASX200 is slated to rise at the open, following positive direction from Wall Street overnight. Despite a hotter-than-predicted hike in the US consumer price index…

ASX resets record high to close above 7,300 for the first time: Aus shares close 0.5% higher

10 Jun 2021 - The ASX stayed in positive territory throughout the session to close at a fresh record high at 7,302. Mining heavyweights closed mixed with Fortescue Mining (ASX:FMG)…

IRESS (ASX:IRE) deny media speculation, Morgans rates Brickworks: ASX tracking 0.5% higher at noon

10 Jun 2021 - The ASX is off to a positive start with a broad-based advance with Energy pressuring the index following Wall Street’s weak lead as investors await inflation figures …

Wall St treads water ahead of inflation figures, Why Altium is a buy: ASX to open flat

10 Jun 2021 - Today's report covers Wall St's performance as investors await more inflation figures. A wrap up of Wednesday's session on news of China's inflation reading. An expla…

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…

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