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PODCAST

The COB from ausbiz

Close your business day with the ausbiz anchors and a wrap of the day"s key stories and market movers, as well as our Stock of the Day.Disclaimer: At ausbiz we provide news, information, analysis and commentary. All of this content is general in nature and does not take into account your personal financial situation. The information is not intended as advice and you should not rely on it as such. Before acting on any information you have seen or heard on ausbiz platforms, you should seek independent

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All Episodes

13:04

RBA goes for broke 📈

The COB from ausbiz ·

2022/06/07

The RBA delivered another shock to the market by hiking 50 basis points. Futures markets had been implying a 25-point hike with a slight chance of a move greater than that. Surveyed economists were mostly in the 25-point camp, with a few thinking 40 points. But it was another month and another surprise from the new, hawkish RBA. It pulled out a 50 pointer and now the cash rate is at 0.85%. Stocks were already on the back-foot leading into the decision. They were knocked lower following it. The

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9:34

A sluggish start 🐌

The COB from ausbiz ·

2022/06/06

Local stocks wallowed in negative territory to start the week, ignoring another bout of optimism relating to easing covid restrictions in China. Tech, communications, industrials and materials led the losses, falling 0.9% or more. The lack of reaction in the miners to gains in Chinese stocks and commodity futures suggests reopening optimism has now been entirely discounted by investors. Now it’s up to the data to meet those lofty expectations. Helping to offset those losses, energy jumped 2.1%,

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12:53

Ending it on a positive note 🎵

The COB from ausbiz ·

2022/06/03

Up 0.9% on the day and 0.8% on the week.It was a broad based day of gains with ten out of elevensectors ending the day on a positive note. Why choose between value and growth? Have a bit of both! Materials and IT did the lion's share to lift the local index. Champion Ironmaking its mark to end the week - up more than 8%.Gold Roadand Liontown Resources rounded out a commodities heavy top three. Healius slumped after a disappointing guidance update and Domino's got burned 3.6%. As we bookend the week

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8:46

Nothing to write home about 💌

The COB from ausbiz ·

2022/06/02

June has a reputation for being tough for markets. Perhaps we’re seeing that already. The local market sat in negative territory throughout the day with investors showing little willingness to take on risk. Perhaps it was caution ahead of tomorrow’s US jobs report or renewed hawkish rhetoric from central bankers. Maybe it was concern about the chaos in Australia’s east coast energy market. Pick your poison. Most sectors finished in the red. Technology, telecommunications and healthcare shed more

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11:32

Chalk and cheese 🧀

The COB from ausbiz ·

2022/06/01

The local market edged higher to start the month, helped by a bid in blue chips. There was a clear tilt towards quality names, perhaps reflecting that June is traditionally not great for market returns. The S&P/ASX 20 jumped 1.4%. In contrast, the Small Ordinaries slid 1.7%. Chalk and cheese. Utilities was the laggard, slumping 5.3% as Origin Energy withdrew guidance and warned of “extreme volatility” in thermal coal markets. Unsurprisingly, its shares were smoked, falling 14.6%. Elsewhere,

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12:19

Milking it 🍼

The COB from ausbiz ·

2022/05/31

Investors took risk off the table to close out May, logging the second monthly decline in a row. After big gains in the previous two sessions, it was a soggy day all round with every sector finishing lower, led by consumer discretionary, financials, technology and telecommunications which all skidded by more than 1.5%. Not even better-than-expected final GDP inputs were enough to get investors excited, all but confirming Australia’s economy was purring earlier this year. Nor was there any enthusiasm

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14:59

Melt-up Monday 🥵

The COB from ausbiz ·

2022/05/30

The market opened higher and kept on going, closing at three-week highs. It was a quintessential melt-up Monday, helped by soft volumes, month-end window dressing and hopes for a policy pivot from the Fed. Every sector except industrials finished higher, led by a 4.6% surge in information technology. Utilities fell 0.7%, dragged lower by a 1% decline in AGL shares as the company scrapped plans to split into two business units. Grok Ventures 1. AGL board 0. At the individual level, it was a contest

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18:46

Shooting for the stars 🌠

The COB from ausbiz ·

2022/05/27

Friday finished the week with a bang - the ASX200 added 1.1% for the session, taking the index into positive territory or the week. The gains were broadbased. But from an index point of view, Rio and BHP carried the load. The outperforming sectors were energy, thanks to an overnight rally in oil, and consumer discretionary, with our consumer stocks again taking the lead from Wall Street’s moves. Up one day and down the next - Appen’s wild ride continued. The stock shed 22% on remarkably high volumes

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16:01

Out of hibernation 🐻

The COB from ausbiz ·

2022/05/26

The S&P/ASX 200 took a spill just after the witching hour and it was one-way trade after that. The index shed 0.7% for the session, in a day of broad based losses which saw 10 of 11 sectors finish lower. IT was the lone winner after the NASDAQ's overnight rally. Appen was the big mover of the day, climbing almost30% before entering a trading halt as Telus International - a Canadian telco - lobbed out a $9.50 per share takeover offer. Endeavour shares made up the bottom of the table – dropping 6%

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13:01

Time to play defence 🛡️

The COB from ausbiz ·

2022/05/25

A few nerves crept in at the close, but it was a winning day with the local market ending in the green - settling up 0.37% to 7155.Agriculture was the place to be, percentage wise. Costa Group added 8.5% after a positive update at its AGM, and Nufarm gained 5.6% back after yesterday's selloff inspired by Sumitomo Chemicals selling its stake in the company.Perseus Mining wrapped up its acquisition of Orca Gold, which saw shares pop a further 4.5%.There wasn't an obvious catalyst for City Chic's 6%

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12:49

This house of cards 🃏

The COB from ausbiz ·

2022/05/24

"Not mad, just disappointed," could sum up many investors' sentiment towards the market again today after the S&P/ASX 200 flopped 0.28% to 7129.Tabcorp plummeted 81% after is spun off its lottery and Keno business, which is now listed as The Lottery Corporation (TLC). Nufarm dropped 14% on news Sumitomo Chemical sold its 16% block trade in the company worth some $324 million.Miners of different kinds led the modest market gains, Perseus Mining, Allkem and Iluka Resources rose between 2-4%

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11:52

Minor win for the market majority 🥇

The COB from ausbiz ·

2022/05/23

The local marketed moved with less conviction than Aussie voters over the weekend; while chewing over the Federal election outcome the S&P/ASX 200 closed up a measly 0.05% to 7148.9.Materials once again supported the broader market - adding 0.8%.Codan was the stock specific winner, ending the day up 14.5% after flagging its second half profits should match its record $50 million first half success.Imugene managed to escape its recent rut after telling investors its in a strong position to round

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11:51

Friday? more like buy-day 🛍️

The COB from ausbiz ·

2022/05/20

Friday is quickly becoming “buy-day” with the local bourse staging another big rally to end the week. Buying kicked in as soon as the market opened, helped along by China’s central bank cutting a key interest rate linked to mortgages. Options expiry in the United States was also cited as a factor behind the big gains. Chalice Mining topped the leader board, jumping 18.7% after obtaining permission to drill in the Julimar State Forest. Novonix wasn’t far behind with a gain of 10.1%. Its CEO appeared

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10:49

All good things come to an end 🔚

The COB from ausbiz ·

2022/05/19

The winning streak is over, coming to a shuddering end as strong inflation and slowing consumer demand sparked a global sell off. But it could have been worse. Just ask Wall Street. Most sectors finished deep in the red, led by big falls in consumer discretionary and staples, mirroring the performance in States overnight. The former slumped 3.1%, the latter 3.7%. Wesfarmers, arguably the closest thing to a Walmart or Target in Australia, was smashed, slumping 7.3%. Other consumer-linked stocks were

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15:13

Weak wage woes 😣

The COB from ausbiz ·

2022/05/18

Three from three became four from four, extending the bounce to 3.5%. So far so good for the rebuild. Mirroring Wall Street, buying was widespread, led materials, industrials, REITs and tech which added more than 1.8%. Curiously, big gains in the miners came despite big falls in Chinese commodity futures during the session. The strong performance may have been helped by a softer-than-expected Australian wages report, easing pressure on the RBA to deliver a supersized rate hike in June. While that

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14:51

On a hat-trick ⚽

The COB from ausbiz ·

2022/05/17

Make that three from three. We haven’t seen a winning streak like this in nearly a month. Energy led the gains, adding 2.1%. The coal producers had a strong session with Whitehaven up 5.5%. New Hope wasn’t far behind with an increase of 4.3%. Speculation that lockdowns in China may soon end helped materials which rose 1.1%. The battery names found some spark with Allkem, Mineral Resources and Core Lithium soaring more than 5.5%. James Hardie didn’t fare so well, sliding 3.95% following its FY22

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14:36

Step One sees the bottom 🩲

The COB from ausbiz ·

2022/05/16

A big early bounce fizzled, undermined by weak Chinese economic data a reluctance from policymakers to ease monetary policy further. But back-to-back gains have been rare recently, so we’ll take the green on screen. Info Technology started where it left off last week, adding another 2.1%, helped by a big bounce on the Nasdaq on Friday. Xero’s substantial price drop is still attracting buyers, seeing it lift by a further 5.1%. Industrials enjoyed a strong day with a pop of 2.4%, helped by

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11:51

Gotta know when to fold 'em 🃏

The COB from ausbiz ·

2022/05/13

Thursday’s rout was replaced by Friday’s rally, creating a mirror image of 24 hours earlier. No news was good news, it seems. But who cares, we’ll take it. Mercifully, no sunglasses were required to peruse the market map. Except for the goldies, it was a placid sea of green. Every sector was higher, led by technology with a gain of 7%. Energy, consumer discretionary, healthcare, communications and REITs also climbed more than 2%. Told you it was a mirror image. Demonstrating that point, having been

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16:11

Bargain buyers beware 😰

The COB from ausbiz ·

2022/05/12

Splat! Losses mounted as the session progressed, sending Australia’s benchmark index to the lowest close since late January. Every sector finished deep in the red, almost requiring this scribe to wear sunglasses to peruse the market map. It was glowing, and not in a good way. Tech was taken the woodshed and chopped up, plunging 8.7%. And you thought the Nasdaq unwind was big. Square was smashed, losing 18%. Altium tanked 17%. Xero’s half-year was treated like a zero, sliding 10.9% to fresh two-year

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11:43

Where there's smoke, there's fire 🔥

The COB from ausbiz ·

2022/05/11

The local market recovered from an early wobble to close in the green, helped by a surge in Chinese equities and position squaring ahead of a key US inflation print.Healthcare led the turnaround with a gain of 1.7%, driven by buying in CSL after it announced a new plasma collection system to boost immunoglobulin sales. It rose 2.5% Financials were the laggard, hit by NAB trading ex-dividend and lower rate environment. Lifestyle Communities topped the individual leader board following its trading

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1,479 results

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