The local bourse has clawed back some early losses to finish slightly weaker. The market was trading lower by as much as 0.9% early in the session, following a selloff on Wall Street on the back of news Omicron had been detected in California. The ASX 200 (XJO) finished down 10 points or 0.2% to 7,225. The market was buoyed by a turnaround in the financial sector, which climbed 0.6%, as well as gains in the Utilities, Industrials and Consumer Discretionary sectors.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Market Close 7 Oct 22: Best week in two years for ASX despite Friday falls
Morning Report 7 Oct 22: US market slides ahead of jobs update
Market Close 6 Oct 22: ASX finishes flat after 2-day rally
Morning Report 6 Oct 22: US stocks ease after 2-day surge
Market Close 5 Oct 22: ASX rally continues led by financials
Morning Report 5 Oct 22: S&P500’s best back-to-back lift in 2 years
Market Close 4 Oct 22: ASX surges on RBA rate hike
Morning Report 4 Oct 22: S&P500’s largest lift since July
Month in Review Sep 2022: ASX 200 slumps by 7.3%
Market Close 3 Oct 22: ASX200 falls 0.3% on light trading volumes
Morning Report 3 Oct 22: S&P500 sinks by more than 9% in September
Market Close 30 Sep 22: ASX falls to end lower for the week and month
Morning Report 30 Sep 22: S&P500 sinks to near 2-year low
Market Close 29 Sep 22: Broad rally leads ASX higher
Morning Report 29 Sep 22: Strongest lift in US stocks since early August
Market Close 28 Sep 22: ASX falls to remain at 3-month lows
Morning Report 28 Sep 22: S&P 500 falls to near 2-year low
Market Close 27 Sep 22: ASX snaps losing run with small gains
Executive Series 5 Sep 22: World Gold Council’s Chief Market Strategist, John Reade
Morning Report 27 Sep 22: S&P500 closes at December 2020 low
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