Aussie banks hold ASX higher

25.5.22 Despite a mixed lead from Wall Street overnight, the Australian sharemarket finished 0.4 per cent or 26 pts higher, to 7155.2. Banks were noteworthy winners and were supported by a lift in US treasury yields and a hike in the New Zealand interest rate. Notes...

Selling presssure on ASX

24.5.22 Despite reaching a high of 7165 (0.2%), the market succumbed to selling pressures and finished 0.3% or 20 points lower, to 7129. The local Info Tech sector weighed on the index after it posted its first loss in three days. But the Financials sector managed to...

ASX closes on a positive note

20.5.22 The Australian sharemarket has finished the week on a positive note and nearly reversed yesterday’s losses, after lifting by 1.15 per cent or 81pts, to 7146. Gains were seen across the market today after nine of eleven sectors finished in positive territory,...

ASX extends its gains

18.5.22 The Australian sharemarket has extended its gains to a fourth straight day after the S&P/ASX 200 index climbed 1 per cent or 70 pts, to 7183. This followed an encouraging set of economic reading released overnight, which helped push US stocks higher, said...

Higher close for the ASX

17.5.22 Despite a mixed lead from Wall St overnight, the Aussie sharemarket lifted by another 0.3% or 20 points, to 7113 today. This is the ASX 200’s third straight win and its best start to the week in a month, noted Divak Nigam at CommSec. “Energy stocks were...