ASX finishes down from morning, but up for the day
Last updated: 4:35pm AEDT
The ASX finished in the green Monday, but fell back from morning gains, which were propelled early, by resurgent market confidence across U.S. markets.
The S&P/ASX200 ended up closing the session, up 102.60 points or 1.54%, to sit at 6,779.40.
The broader All Ordinaries closed up sharply, gaining 108.50 points or 1.58% to 6,978.40.
Materials was the best performing sector, gaining 2.51% for the session, bringing its total gains for the past five days, up to 1.58%.
Amongst the sector’s top gainers recently, has been Australian gold producer, Capricorn Metals (CMM), which will be welcomed by shareholders after the stock’s plunge of more than 20% over the last six months.
Meanwhile, Australian IT solutions provider, Megaport Ltd (ASX:MP1) has recently been elevated to the TipRanks “Perfect 10” Smart Score list.
ASX retreats, but remains up in the afternoon
Last updated: 1:20pm AEDT
The Australian share market remained higher in afternoon trading, but retreated somewhat from the morning session gains.
The local market continued to buoyed by the recent Wall Street rally, with the S&P/ASX200 up in the afternoon, gaining 111.50 points or 1.67% to 6,788.30.
The broader All Ordinaries was up sharply, gaining 113.80 points or 1.66% to 6,983.70.
All 11 sectors were higher, with Materials the best performing sector, gaining 3.50% for the session, and 2.57% for the past five days.
Meanwhile, Australian IT solutions provider, Megaport Ltd (ASX:MP1) has become a recent addition to the TipRanks “Perfect 10” Smart Score list.
ASX surges, buoyed by Wall Street rally
Last updated: 10:45am AEDT
Australian shares jumped in morning trading, on the back of resurgent market confidence on Wall Street, amid hopes the U.S. central bank will take a less aggressive approach to interest rate rises going forward.
On the local market, the S&P/ASX200 was up sharply today, gaining 143.90 points or 2.16% to 6,820.70.
The broader All Ordinaries was also up sharply, gaining 146.10 points or 2.13% to 7,016.00.
Across the market, all 11 sectors were higher. Materials was the best performing sector, gaining 3.77% for the session, and 2.83% for the past five days.
Meanwhile, Domino’s Pizza Enterprises (ASX:DMP) stock has just made it to the TipRanks “Perfect 10” Smart Score list, suggesting its potential to outperform the market.
It comes after its American partner Domino’s Pizza (NYSE:DPZ) reported strong third-quarter sales, signalling the global franchise has the ability to weather a potential recession.
Pre-market breakdown
The ASX is set to jump upon opening, on the back of bolstered market sentiment on Wall Street, amid hopes the U.S. Federal Reserve may begin easing the severity of its interest rate rises.
ASX futures were down 1.42% to AU$6,764 at around 7:00am AEDT.
Ahead of Monday’s local market opening, the Australian dollar was up around 1.6%, to US$63.79c.
WTI Crude was up around 0.7%, at around US$85.1 a barrel.
Gold was down by 1.8%, at around US$1657 an ounce.
Meanwhile, Bitcoin was up by around 1.3%, to about AU$30,550.
Market watch – Domino’s Pizza Enterprises
Domino’s Pizza Enterprises (ASX:DMP) stock has just made it to the “Perfect 10” Smart Score list, suggesting its potential to outperform the market.
It comes after its American partner Domino’s Pizza (NYSE:DPZ) reported strong third-quarter sales, signalling the global franchise has the ability to weather a potential recession.
