REA Group Shares Close Above Key Moving Average. Is Momentum Shifting?
REA Group shares (ASX:REA) may have made a death cross this week, but with the stock adding 2.73% on Wednesday to close at A$162.99, there was an interesting technical reversal shaping up. With a close above both the 50 day SMA at A$162.22 and the 200 day at A$162.84, momentum may be set to shift….
S&P/ASX 200 Financials, Sector Index (XFJ)
The S&P/ASX 200 Financials Index (XFJ) is one of the most influential sector benchmarks on the Australian sharemarket, boasting four of the top 6 names by market cap on the ASX. It tracks major listed banks, insurance companies, investment managers and other financial services businesses that play a central role in the domestic economy. The…
S&P/ASX 200 Energy, Sector Index (XEJ)
The S&P/ASX 200 Energy Index (XEJ) includes those involved in the exploration, production, processing and distribution of energy. That includes oil and gas producers, refiners, coal miners and businesses providing related energy services. Australia’s energy sector is closely connected to international commodity markets, with oil prices, liquefied natural gas demand and global energy supply conditions…
S&P/ASX 200 Materials, Sector Index (XMJ)
The S&P/ASX 200 Materials sector index (XMJ) is one of the most important benchmarks on the ASX, with Australia’s position as a major global supplier of minerals, metals and industrial materials undisputed. The largest producing nation of iron ore and lithium in the world, and second for gold, it is no surprise to see the…
SK Hynix and Samsung shares given huge target: are AI demand fears overdone?
Memory stocks have come under pressure in recent weeks, caught in a broader semiconductor sell-off driven by profit-taking, macro uncertainty, and a fresh wave of concern over Chinese DRAM competition. Micron has pulled back 18% since October 1st, SanDisk is off by 23.62% over the same period, whist Samsung Electronics are down 19%, and SK…
RBA November Meeting Back In Focus, Odds of Fifth Rate Hike Rise
Australia’s central bank has reignited debate over a fifth interest rate increase this year after Deputy Governor Andrew Hauser warned that inflation pressures have intensified well beyond the RBA’s August projections. Financial markets moved swiftly following Hauser’s remarks at the Citi Australia and New Zealand Investment Conference in Sydney. Overnight indexed swap markets repriced the…
Xero Shares Bouncing Back: Citi Add To Watchlist Into Earnings
Xero shares (ASX: XRO) pushed higher today, rising 5.02% to A$64.42, closing at the high of the day, as markets reposition ahead of the company’s first-half FY27 result. With Monday’s gap down looking to have threatened a three week rally, the sessions since have brought the Xero share price back into positive territory on the…
ASX 200 Edging Towards Fourth Positive Week: Today’s Movers
The ASX 200 managed to hold firm above 8,800 today, closing up 0.16% at 8,831.30 on a day that saw a historic move under the hood of the index. The All Ords closed 0.14% higher at 8,956.60, continuing to trail the XJO on a YTD basis, down 0.89% against a 1.19% gain. [stock_market_widget type=“chart” template=“candlestick”…
Mesoblast Shares Bounce Back From Lows To Lead ASX 200 Today
Mesoblast shares (ASX: MSB) put up a solid recovery today, with the stock climbing 5.68% to close at A$1.86, fresh off 52-week lows of A$1.74. Today’s ASX 200 leading performance will be welcome news for holders who have seen shares tumble over the past three months. The bounce lifted Mesoblast out from oversold technical territory,…
NextDC Shares Just Fell 41%: What Happened?
NextDC’s shares (ASX: NXT) suffered one of the worst day’s in recent ASX history today, falling 41.72% from a multi-day trading halt. The return to trading came with a downgrade to its FY27 financial outlook, as a suspended grid connection at its flagship Melbourne facility saw markets continue to punish the stock. Whilst this session…
