Market Wrap – 2nd July 2018

Market Summary The last day of the month, quarter and financial year witnessed an underwhelming trading day with the ASX200 shedding 20 points or 0.3%, unable to make 4 straight weeks of gains. The ASX200 added about 8.5% over the financial year matching the growth experienced in the prior year with the best performer being

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Market Wrap – 29th June 2018

Market Summary The Australian market closed slightly higher for the first time in five sessions, after a trading session which opened up relatively choppy on Wednesday and later stabilised throughout the day. The main contributors to gains in the Australian market was the energy sector, the mining sector as well as the banks with the

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Market Wrap – 28th June 2018

Market Summary The Australian market closed very slightly lower after a relatively choppy trading session on Wednesday. The main contributors to gains in the Australian market was the energy sector benefiting from the rise in oil prices the previous night, as well as technological stocks which recovered losses experience in the Tuesday trading session. Despite

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Market Wrap – 27th June 2018

Market Summary The Australian market followed through on weaker performance globally the previous night, closing lower amid increased trade concerns (particularly with the United States and China). Interestingly, the 2018-embattled banking sector continued its resurgence, with the ‘big-four’ all closing in the positive on Tuesday.  Gains to the US market were led by the energy

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Market Wrap – 26th June 2018

Market Summary Despite a relatively strong open, the Australian market closed lower on Monday, as the ‘big-four’ banks (in particular Commonwealth Bank of Australia) dragged the index down. To the contrary, the energy sector had a strong trading session on Monday after oil prices rose significantly overnight (following OPECs meeting, as highlighted in yesterday’s market

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Market Wrap – 25th June 2018

Market Summary The Australian market closed slightly lower on Friday after investors remained cautious as to the potential future direction following the reaching of a level not seen for ten years.  Not an often sight in 2018, the banking sector led gains, rising 5.3% for the trading week (the most impressive of which was ANZ

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Market Wrap – 22nd June 2018

Market Summary The Australian market closed higher for the second consecutive day, with index heavy banks and CSL Limited (ASX: CSL) leading the market higher (this is the highest closing level since the first week of 2008). Sentiment was riven the passing of a Bill in the Senate (37 to 33) for reductions in personal

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Market Wrap – 21st June 2018

Market Summary The Australian market bucked the global trend closing at a 10-year high on Wednesday. This follows strong performance from the ‘big four’ (‘five’ if we include Macquarie Group); banks all closing just shy to 3% higher (note that NAB closed up 1.92%). Furthermore, companies listed on the ASX with global exposure are currently

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Market Wrap – 20th June 2018

Market Summary The Australian market closed slightly lower on Tuesday, after a solid open which saw the index rise more than 0.6%. Performing strongly on Tuesday, healthcare heavyweight CSL Limited (ASX: CSL) rose to a new-record high as the company continues to rally on the back of a strengthening US currency. Despite such, pessimism kicked

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Market Wrap – 19th June 2018

Market Summary The Australian market closed slightly higher as global trade tension continued to linger. Surprisingly (we are in 2018 after all!), the ‘big four’ banks drove the market higher; all (with the exception of Westpac) gaining in excess of 1% in Monday’s trading session. Further, businesses highly exposed to the US market went well

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