The Australian sharemarket extended its losing streak on Wednesday, falling for a fourth consecutive session in its sharpest decline since April. At 2:05pm AEST, the S&P/ASX 200 was down 1.59 per cent, or 141.8 points, at 8758.8 – a two-week low – with all 11 sectors in negative territory.
The Australian sharemarket pared early losses to trade slightly lower on Tuesday, as strength in banks and miners helped balance declines from ex-dividend heavyweights. The S&P/ASX 200 Index slipped 0.1 per cent, or 7.8 points, to 8919.90 at midday AEST, with Wall Street closed for the US Labour Day holiday.
Greatland Resources (GGP:ASX) is positioned as Australia’s leading emerging gold-copper producer following its landmark acquisition of the Telfer mine and Havieron project in Western Australia. The company now owns Australia’s third largest gold/copper processing infrastructure, with total group resources of 10.2Moz gold and 387kt copper as of December 2024, underpinned by two major assets with multi-decade mine life potential
The Australian sharemarket slipped to a two-week low as investors rotated into gold on concerns over US Federal Reserve independence. At 2.15pm AEST, the S&P/ASX 200 Index was down 0.7 per cent, or 60.9 points, at 8912.2. Gold traded near US$3500 an ounce……
The Australian sharemarket edged lower on Friday, though it managed to close out August with solid momentum. The S&P/ASX 200 Index dipped 6.9 points, or 0.1 per cent, to 8973.10. Despite the mild weekly gain of 0.1 per cent, the benchmark advanced 2.6 per cent for the month, extending its winning streak to five months and remaining up more than 25 per cent from April lows.
The Australian sharemarket finished marginally higher on Thursday, with investors consolidating positions as reporting season winds down. The S&P/ASX 200 Index rose 7.3 points, or 0.1 per cent, to 8967.8 at 2.05pm AEST. Gains in financials and select industrials offset weakness in energy, materials, and healthcare.
The Australian sharemarket ended slightly higher on Wednesday, with gains in resources offset by weak consumer staples and tech earnings. The S&P/ASX 200 rose 10.6 points, or 0.1 per cent, to 8946.2 at 2:01pm AEST, recovering from a dip after hotter-than-expected inflation data.
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The Australian sharemarket retreated on Tuesday, mirroring weaker global sentiment after US President Donald Trump threatened higher tariffs on digital services and announced plans to remove Federal Reserve governor Lisa Cook. The S&P/ASX 200 Index declined 34.3 points, or 0.4 per cent, to 8938.10 at 1.50pm AEST, with eight of 11 sectors in the red.
The Australian sharemarket edged higher on Monday as strength in mining offset weakness in financials, with investors digesting a wave of earnings results. The S&P/ASX 200 rose 3.9 points to 8971.30 at 3.05pm AEST, after briefly hitting a record intraday high of 9054.50. Sentiment was supported by US Federal Reserve Chair Jerome Powell’s signal that rate cuts could begin as early as next month.
The Australian sharemarket eased on Friday after touching record highs earlier in the week, with investors locking in profits following strong earnings-driven gains.
At 1:55pm AEST, the S&P/ASX 200 Index was down 27.9 points, or 0.3 per cent, to 8991.2. Losses across consumer staples, real estate and retail outweighed strength in resources and technology.
