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S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) closed only 0.2 points shy of the 6,000 market rounding out its strongest day of trade this week.
The ASX 200 was set to open higher this morning as the ASX 200 futures were trading ~30 points higher than where they were at yesterday’s close.
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has opened higher as expected, up 0.4% or 25.8 points to 5,976.7.
With one more trading session left, it looks like we are on the path to close out a week of much-needed moderation. Using the US Dow 30 as our proxy, we have registered an extreme and volatile past two weeks. This benchmark index posted a weekly range two weeks ago of nearly 2,200 points with the subsequent period – though a rebound – of over 1,200 points. Volatility is the life blood for short-term, market opportunists (more charitably referred to as 'traders'), but it stands as an overt threat to investors who are looking to hold positions for longer durations and abhor the uncertainty that comes with charged activity. (1-0)
Just over a week ago, ASX Limited, the owner of Australia's main stock exchange, boasted of its growing clout as a global venue for tech stock listings.
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) rallied from its low around 1.00pm to finish up for the day. (7-0)
The ASX avoided the big sell-off on Wall Street overnight, but the largely flat overall market belies some big swings in fortunes on companies trotting out results.
The ASX is set to build on marginal gains made in the previous session, with earnings once again the main focus.
Gains in the Consumer Staples sector, +3.38%, more than offset losses in the Materials sector, -2.25%. (34-0)
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has recovered early losses to be trading up for the day with an hour to go. (34-0)
S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has recovered 25 points from its morning low to be flat just after midday. (34-0)
The ASX 200 is down 8 points or 0.2% to 5,933 just after opening bell this morning. (34-0)
The ASX is set for a weaker start after a 10 per cent slump in Walmart shares weighed Wall Street down and losses for BHP dampened London. A2 shares soar in NZ. (52-0)
The A2 Milk Company's half-year net profit has more than doubled to $NZ98.47 million ($A91.8 million) on the back of strong growth in its infant formula business.
Australian shares advanced firmly on Monday, with investors welcoming earnings from a diverse range of companies in what's shaping up to be a solid reporting season. (19-0)