The Australian sharemarket edged lower on Wednesday, with the S&P/ASX 200 slipping 6.3 points to 8950.5 as weakness in retail and technology stocks offset gains elsewhere. Profit-taking in gold miners also dragged on sentiment, despite bullion briefly topping US$4000 an ounce amid a U.S. government shutdown and softer Wall Street trade.
Australian shares declined on Tuesday in a broad-based sell-off despite overnight gains on Wall Street. The benchmark S&P/ASX 200 slipped 0.3 per cent, or 29.3 points, to 8952.1 by 2pm AEDT, with all sectors trading in the red.
The Australian sharemarket advanced strongly on Thursday, buoyed by rallies in the major banks and surging gold prices. The S&P/ASX 200 Index rose 1.1 per cent, adding 98.8 points to reach 8944.5 by mid-afternoon, with nine of the 11 sectors trading higher.
The Australian sharemarket traded lower on Wednesday as investors weighed the likelihood of a looming US government shutdown. After rising 0.2 per cent in early trade, the S&P/ASX 200 reversed course to fall 34.8 points, or 0.4 per cent, by mid-afternoon. Losses in energy, consumer discretionary and major banks outweighed gains in healthcare and utilities.
The Reserve Bank of Australia (RBA) has kept the cash rate unchanged at 3.6 per cent, in a unanimous decision that matched market expectations. The board cited lingering uncertainty in the outlook, noting that recent data suggest inflation in the September quarter could exceed its earlier forecasts.
The Australian sharemarket advanced on Monday, supported by strength in the financial and healthcare sectors, with investors cautious ahead of the Reserve Bank of Australia’s board meeting. The S&P/ASX 200 climbed 0.7 per cent, or 57.4 points, to 8844.1 in afternoon trade, marking its best gain in a week.
The Australian sharemarket eked out modest gains on Friday as strength in miners and banks outweighed steep losses across the healthcare sector. The S&P/ASX 200 edged 11.6 points higher, or 0.1 per cent, to 8758.6 in early afternoon trade, with four of the 11 industry groups in positive territory.
The Australian sharemarket traded in a choppy fashion on Thursday, with strong gains in heavyweight miners offsetting weakness across property, industrials, technology and retail. The S&P/ASX 200 index edged up 5.6 points, or 0.1 per cent, to 8770.1 by mid-afternoon
The Australian sharemarket fell sharply on Tuesday, dragged lower by financials, technology, and consumer discretionary stocks as investors reassessed the outlook for interest rate cuts. The S&P/ASX 200 dropped 87.4 points, or 1 per cent, to 8758.5 by mid-afternoon, with 10 of 11 sectors in negative territory.
The Australian sharemarket advanced on Tuesday, supported by strength in banks and a surge in gold miners after bullion prices hit record highs. By 2.10 pm, the S&P/ASX 200 had climbed 55 points, or 0.6 per cent, to 8866.3, with nine of 11 sectors in positive territory following a strong Wall Street lead.
The Australian sharemarket advanced for a second straight session on Monday, buoyed by broad-based strength in commodity-linked stocks. The S&P/ASX 200 index climbed 37.4 points, or 0.4 per cent, to close at 8810.9, with miners leading gains as iron ore, uranium, copper, lithium, and gold prices rallied.
The Australian sharemarket advanced on Friday, lifted by record gains on Wall Street and strong performances in healthcare and utilities. The S&P/ASX 200 rose 61.2 points, or 0.7 per cent, to 8806.4 by midday, with 10 of 11 sectors trading higher. Despite the rally, the index remains more than 200 points below last month’s record peak.
