Browsing Tag

market heavyweight

Tech wrecks ASX two-day winning streak

The tech sector dragged the ASX lower after Facebook’s owner delivered a disappointing result after Wall Street closed, but Nufarm was a stellar performer locally.The Australian sharemarket slid lower after the tech sector was hammered by…

ASX inches higher after choppy session

The ASX continued its rollercoaster ride, clawing back losses once again in a volatile session, with banks and resources stocks proving the positive backbone.Volatility continued to prevail on the Australian sharemarket, with banks and the…

ASX falters after GDP figures

The ASX curiously slipped after better than expected GDP figures, but miners helped limit losses inflicted by stocks, including Coles and Woolworths.The Australian sharemarket slumped, after GDP figures showed east coast Delta lockdowns had…

ASX barely budges but Kmart owner slumps

The ASX closed flat to finish the week, with Bunnings owner Wesfarmers losing ground despite a blockbuster full-year result.The Australian sharemarket has barely budged to finish the week, with Bunnings owner Wesfarmers losing ground…