All Ords & ASX 200 Share The Day +0.45%, Mining Sector Leading Charge
The Australian stock market closed on a high note today, with the All Ords up 0.45%, and the ASX 200 index clambering up 35.10 points to post an equally impressive 0.45% increase, buoyed by a significant upturn in the commodities sector. The rally in the mining sector, which soared by 1.5%, clearly outpaced other segments…
Biden Sanctions $11.6 Billion Incentive for Taiwan Semiconductor Manufacturing Company’s Arizona Expansion
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) share price opened at $144.24 and has been on an upward trend through the trading day, entering the final hour of the US main session up 1.71%. TSM shares YTD performance has gathered quite a few followers, with a 42.88% uplift marking an excellent 1st quarter for the Semiconductor giant….
MicroStrategy Shares (NASDAQ:MSTR) Gets Analyst Upgrades On Bitcoin Halving
MicroStrategy shares (NASDAQ:MSTR) have had an impressive surge over the 1st quarter of 2024, and ended the day up by 5.14% on Monday. To have a YTD at such an early stage of 2024 in the green by triple digits (124.26%), and a 52 week performance of 391.24% just shows the staggering climb that MSTR…
Dropsuite shares (ASX: DSE) red YTD, +38.1% over 12 months. Analysts remain positive
Dropsuite shares (ASX: DSE) ended the last week of trading down 4.92%, pulling shareholders into the red YTD, now -3.33% in 2024. Longer term holders have a lot of gains still to hold on to, with 38.1% over the prevailing 12 months still keeping the majority above water. Longer term holders will also be used…
Gold prices hit new highs : what’s coming next?
Gold’s spot price (XAU/USD) wrapped up another bullish week, adding $100, rising by +4.65% and reaching new all-time highs at $2,330 per ounce. This surge has been driven in part by anticipation of reduced interest rates within the year, ongoing geopolitical conflicts, and some speculative purchases. The upward trajectory of gold is unmistakable, especially after…
Aussie Shares Dip To End The Week Red, US Markets Shining
Australian shares took a hit on Friday, dragged lower by an undercurrent of anxiety that saw tech stocks bear the brunt of a market sell-off. The ASX200 slipped by 0.59%, both for the day and on the week, as investors grappled with the ripple effects of hawkish remarks from Federal Reserve officials echoing through global…
Megaport Shares (ASX:MP1) Up 231% in 12 months and still not ATH?
Megaport Limited shares (ASX:MP1) ended up 3.19% today, with a YTD performance in the green by a staggering 51.58%. MP1 shares were down at $8.51 in January, and now sit proudly up at $13.93. In the dynamic world of stock market investments, the thrill of soaring prices can be swiftly countered by the nerve-racking experience…
ASX All Ords & 200 Push Green On The Day, Winners & Losers
The ASX 200 concluded the trading session on a strong note today, with the benchmark index closing at 7,817.3 points, marking a gain of 0.45%. The All Ords (XAO) repeated the trick, adding 0.48% on what was a good day for markets. This uptick signals a positive investor sentiment, indicating a moderately bullish trend in…
Rio Tinto Shares (ASX: RIO) down 10.81% YTD. Why are analysts bullish?
Rio Tinto shares (ASX:RIO) ended down 1.02% today on an otherwise green day for markets. Despite being firmly in the red over the last month, down 10.81%, RIO remains a stock that is endorsed by many analysts, and holds on to a firm ‘Buy’ rating. This has signalled outsider confidence in the company, despite its…
IAG shares drop 1.09% today – Share Buyback Notification
Insurance Australia Group shares (ASX: IAG) ended today 1.09% in the red, coming off 52 week highs in yesterdays trading session. With a YTD performance on the share price up 14.95%, against the ASX 200 +2.48%, IAG is outperforming the index but how much shareholder value is being created by the share buy-back program? IAG…
