The Australian share market firmed on Wednesday as healthcare, financials and materials stocks offset heavy losses booked by oil producers. The benchmark S&P/ASX200 climbed 0.3 per cent, or 22.5 points, to reach 7257.80 points, while the broader All Ordinaries rose a similar amount, to finish at 7469.10 at the closingContinue Reading
The Australian share market tumbled lower to its lowest level in 11 months on Wednesday following a broad sell-off on Wall Street overnight. Stronger-than-expected job vacancies data, which showed the number of available positions climbed to 9.61 million in August, up from 9 million in July, fuelled traders’ fears thatContinue Reading
The local benchmark fell to a two-month low on Tuesday as equities continue their correction after a round of central bank meetings last week signalled interest rates would need to stay higher for longer. The S&P/ASX 200 sank by 38.4 points, or 1.3 per cent, to 2949 points as bondContinue Reading
The Australian sharemarket has scraped through Monday to close higher despite China-related losses threatening to bring it to a new low. The ASX/S&P 200 closed just 0.1 per cent or 7.7 points higher to finish at 7042.7, just shy of its lowest point since July 11. The All Ords roseContinue Reading
Gina Rinehart, the richest person in Australia, has thrown half a billion dollars into lithium miner Liontown Resources in a stunning endorsement of green energy. Liontown is an Australia-based battery mineral producer that largely mines lithium, a key component in the batteries that are used to store renewable energy. It’sContinue Reading
Much of the ASX finished in the green at the closing bell on Tuesday, with most sectors performing well. Source linkContinue Reading
Concerns about the health of China’s economy has spooked the Australian share market, which has started off the week with a loss, closing at its lowest level in weeks. The ASX200 closed lower on Monday, dropping by 63.10 points or 0.86 per cent to 7,277.00, its lowest close in 20Continue Reading
The Australian share market has begun the week flat with a sell-off of miners stocks. The ASX200 closed with 7306.40 points on Monday after dropping 0.10 per cent or 7.50 points across the day. The miners were overall the biggest losers, with materials companies dropping 1.41 per cent across theContinue Reading