Closing Bell 28th November: ASX Rebounds with Gold and Real Estate Gains
The ASX surged 0.7%, driven by real estate and gold sectors, despite a 0.2% drop in October’s retail sales reflecting consumer spending pressures.
Closing Bell 27th November: Mining Sector Faces Downward Trend Amid Market Volatility
The mining sector witnessed a notable decline today, with key players like Mineral Resources and IGO Ltd experiencing significant drops amid market uncertainties.
Closing Bell 24th November: Origin Energy in Focus Amid Takeover Bid
Australian shares gained, led by energy sector recovery and anticipation of the OPEC+ meeting. Origin Energy’s takeover bid remains a key market highlight.
Weekend Edition: 25th November 2023
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Closing Bell 23rd November: Commodity Stocks Weigh Down ASX; Nick Scali and Nickel Industries Slide
Excerpt: “ASX faced a downturn led by commodity stocks. Nick Scali Ltd and Nickel Industries Ltd experienced significant declines, reflecting broader market volatility.
Closing Bell 22nd November: Nvidia’s Quarterly Growth Surpasses Expectations But Falls Short of AI Boom Hopes
Despite exceeding analysts’ revenue forecasts, Nvidia’s latest report underwhelmed investors betting on a significant AI boom, leading to a cautious reaction in the stock value.
Closing Bell 21st November: ASX Climbs with Mining Boost and China Stimulus, US Stocks Surge on Microsoft’s Record High
The Australian sharemarket rose, led by mining stocks amid China’s stimulus, while US equities rallied following Microsoft’s record high and anticipation of Nvidia’s earnings.
Closing Bell 20th November: Global Oil Markets Steady as OPEC+ Meeting Looms
Oil markets exhibit stability in anticipation of the upcoming OPEC+ meeting, with investors closely watching for decisions that could shape 2024’s energy landscape.
Conservative Portfolio Recommendation: Add IPD Group Ltd (IPG)
IPD Group, valued at around $330 million, excels in electrical engineering, focusing on data centres, industrial installations, and EV charging infrastructure. After over five decades as a private entity, it went public in 2021, emphasizing its quality commitment and experienced management team, driving success and growth.
Weekend Edition: 18th November 2023
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Closing Bell 17th November: Gold Mining Stocks Shine Amidst Energy Sector’s Decline
ASX ends the week flat amidst mixed performances: Mining sector gains led by gold explorers, while energy stocks fall following a plunge in oil prices.
Closing Bell 16th November: ASX Mixed Amid Australian Employment Data and GrainCorp Dividend News
ASX shows mixed responses as Australian employment figures rise and GrainCorp announces dividends, highlighting diverse market reactions to economic and corporate developments.