Daily-Wrap

Index Update:The S&P/ASX 200 edged down slightly on Thursday, slipping 2.90 points to close at 8,538.90—just below its recent high. The mild decline followed a flat session on Wall Street, where investors responded cautiously to an unexpected contraction in the US non-manufacturing sector—the first …

Index Update:The S&P/ASX 200 closed higher on Wednesday, extending previous day’s rally. The index rose by 75.10 points or 0.89% to finish at 8,541.80, setting a new 50-day high, breaching the psychologically important 8,500-point level. The rally came despite sluggish economic growth and global …

Index Update:The S&P/ASX 200 closed higher on Tuesday, rising 52.60 points or 0.63% to reach 8,466.70, marking a new 50-day high. The Australian sharemarket posted its best session in a month, buoyed by a Wall Street rebound following reports that Beijing and Washington may …

Index Update:The S&P/ASX 200 closed lower on Monday, falling 20.60 points or 0.24% to 8,414.10. The Australian sharemarket dipped as concerns over US President Donald Trump’s ongoing global trade war dampened investor appetite for risk assets. Despite the drop, the index has gained 0.64% …

Index Update:The S&P/ASX 200 closed higher on Friday, rising 24.90 points or 0.30% to 8,434.70, capping a positive May where the benchmark rallied 3.8%, its best month since January. Over the past month, all 11 sectors posted gains alongside the index. However, Australian shares …

Index Update:The Australian sharemarket edged up on Thursday, propelled by a rally in energy stocks. The S&P/ASX 200 closed 12.90 points higher, or 0.15%, at 8,409.80, reaching a new 50-day high. Over the past five days, the index has gained 0.73% and currently sits …

Index Update:The Australian share market closed lower on Wednesday despite a strong rally on Wall Street. The S&P/ASX 200 fell 10.70 points (0.13%) to 8,396.90 after hitting a new 50-day high earlier in the session. Profit-taking in major banks weighed on the index, which …