Markets

ASX rout opens door to selective buying

ASX rout opens door to selective buying

After a horror October so far, the Aussie sharemarket is the cheapest it’s been since 2015.  The benchmark ASX 200 index is trading on a 12-month forward price-to-earnings ratio of 14.7 after starting the month at 16, according to JP Morgan. That is well below the three-year average P/E of around 16.2, but it’s pretty much […]

ASX loses $50b this week

ASX loses $50b this week

  Trade concerns have wiped close to $50 billion worth of market capitalisation from Australian stocks this week, with investors trading cautiously as the US threatened to impose more tariffs on China.  The S&P/ASX 200 index closed the week down 175.7 points, or 2.8 per cent, to 6143.8, its worst five-day performance since February.   Trade […]

Capital Market Efficiency and Australian Capital Markets

Capital Market Efficiency and Australian Capital Markets

What is an Efficient Capital Market?   A market where information regarding the value of securities are incorporated into its prices accurately and in real time. Since the value of securities fluctuates and reflect its present intrinsic value, an efficient capital market enables these fluctuations to be reflected in the securities’ current price.   An efficient capital market is one where share prices change and adjust rapidly according […]

ASX posts best weekly advance in more than a year

ASX posts best weekly advance in more than a year

The ASX snapped a five-session winning streak on Friday but managed to post its best weekly advance for more than a year as investors welcomed some robust corporate earnings updates. On Friday, the S&P/ASX 200 index fell 35 points, or 0.6 per cent, to 6062, taking the gain for the week to 1.84 per cent, […]

ASX brightens up as investors parse earnings

ASX brightens up as investors parse earnings

Australian shares pulled off early lows to end with mild gains on Thursday, as investors focused on earnings from some of the country’s biggest companies.  The S&P/ASX 200 index rose 13 points, or 0.2 per cent, to 5890 while the broader All Ordinaries rose by the same point and percentage amount to 5995 and the […]

ASX rises 0.7pc as momentum builds

ASX rises 0.7pc as momentum builds

Investors poured into miners and banks on Tuesday, extending a powerful upswing and pushing the benchmark index further above its recent tight trading range.  The benchmark S&P/ASX 200 Index climbed 42 points or 0.7 per cent higher to 5889, while the broader All Ordinaries lifted by a similar margin to 5958 points.  The ASX’s hot […]

Wall St rallies because of upward US economic momentum

Wall St rallies because of upward US economic momentum

US stocks rebounded from the biggest selloff since May, while Treasuries fell after unexpectedly strong hiring data bolstered confidence in the American economy, underscoring the Federal Reserve’s case for raising interest rates. Crude fell below $US45 a barrel. ASX futures closed up 10 points or 0.2 per cent at 5661. The Australian dollar was 0.3 per […]

Sirtex shares soar after it unveils $90m writedown

Sirtex shares soar after it unveils $90m writedown

Sirtex Medical has taken a $90 million hit on the value of its clinical and research and development assets and will cut its workforce by 15 per cent as the medical device developer moves to reset its core business for expansion. The company (SRX), whose core technology is a selective internal radiation therapy, also says […]

ASX ends turbulent week lower

ASX ends turbulent week lower

Australian equity markets by Friday gave up the week’s gains, despite enjoying the best day of the year on Tuesday, as a bond sell-off weighed on local equities. The benchmark S&P/ASX 200 dropped 55 points, or 1 per cent, to 5704, ending the week 18 points, or 0.3 per cent, lower. The broader All Ordinaries […]

Second setback for Coca-Cola as Dominos choose Pepsi

Second setback for Coca-Cola as Dominos choose Pepsi

Coca-Cola Amatil has suffered another setback after losing a contract to major rival Pepsi/Schweppes to stock soft drinks and bottled water at hundreds of fast-food shops across the nation. The decision by pizza giant Domino’s to switch drinks suppliers is the second recent blow for Coca-Cola Amatil, after Woolworths refused to stock its latest product, Coca-Cola No […]

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