Market Wrap – 18th May 2018

Market Summary The Australian market continued what has been a choppy trading week, closing lower on Thursday. Interestingly, Westpac Banking Corporation (ASX: WBC) individually contributed a 14.1-point drop to the index after the banking giant commended trading ex-dividend (see ‘Stock News’ for further details). Despite a positive open, the major indices across the United States

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Market Wrap – 17th May 2018

Market Summary The Australian market closed higher on Wednesday after a disappointing trading session the previous day. The market was led by materials heavyweight BHP Billiton after the company announced that it intends on directing larger amounts of capital to shareholders moving forward. Furthermore, always a welcoming sight to the Australian market when the index-heavy

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Market Wrap – 16th May 2018

Market Summary The Australian market closed lower on Tuesday, dragged down by National Australia Bank (ASX: NAB) and for the second consecutive day, Telstra (ASX: TLS). The banking sector heavyweight fell as the company went ex-dividend whereas Australia’s leading telecommunications company fell as analysts fear that the company will struggle to maintain its 22 cent

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Market Wrap – 15th May 2018

Market Summary The Australian market continued its positive momentum in the first trading session of the week, closing just shy of a 10-year high. The materials sector led the index higher as base material prices moved upwards. Exemplar, sector-leading BHP Billiton and Rio Tinto closed 1.90% and 0.74% higher, offsetting losses achieved by heavyweights ANZ

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Market Wrap – 14th May 2018

Market Summary Despite a strong open on Friday, the Australian market failed to close the final session in the positive, ending slightly lower. With such, the Australian market had its sixth consecutive week of gains; the longest streak for two years. In the US, the healthcare sector led the major indices higher as President Donald

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Market Wrap – 11th May 2018

Market Summary The Australian market closed in the positive, though softened throughout the day after a relatively strong open. The Australian market was led by the energy sector (with two energy players falling in the top three performers for the day) as oil prices surged amid increased uncertainty in the Middle East following Donald Trump’s

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Market Wrap – 10th May 2018

Market Summary The Australian market continued its solid performance over the last two weeks, as sentiment carried on following the Federal Budget released on Tuesday. The market rallied to close in the positive on Tuesday, despite index heavyweight Commonwealth Bank (ASX: CBA) dragging the index a following a poor third quarter update (see ‘Stock News’

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Market Wrap – 9th May 2018

Market Summary The Australian market continued its positive ways, though was primarily driven by solid gains to the ‘big four’ banks, with all (with the exception of NAB) closing in excess of 1% higher. Investors remained cautious in anticipation of Treasurer Scott Morrison’s Federal Budget, released last night. Central to last night’s Budget release was

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Market Wrap – 8th May 2018

Market Summary The Australian market continued its strong performance in the last trading week (with the exception of a slower Friday session), with a positive day to commence the week. In particular, the local market was fuelled by optimism surrounding Westpac’s release of its first-half year financial report. Positive sentiment also continued in the United

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Market Wrap – 7th May 2018

Market Summary The ASX200 ended Friday’s session down 0.6%, snapping a five-session winning streak. However, even with Friday’s softness the index still posted its best weekly performance since March of 2017, rising 1.84% throughout. A bumper session from Wall street on Friday saw all three major indices climbing by at least 1% as weaker than

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