Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Market Reports

ASX Market Report

Equities/
Fixed Interest
Close Points
Changed
%
Change
Currency Close Points
Changed
%
Change
All Ordinaries 7180 22 0.30 $A vs $US 0.6905 0.0009 0.13
S&P/ASX 200 7064 22 0.32 $A vs GBP 0.5277 0.0004 0.07
10-year Bond Rate 1.21 0.01 0.84 $A vs YEN 76.11 0.11 0.15
  $A vs EUR 0.6198 0.0006 0.09
  $A vs $NZ 1.0379 -0.0004 -0.04
PREMIUM To view this information
become a Premium Member
ASX Code Company Name Impact Morningstar Rating for Stocks

[Morningstar with AAP]: Australian shares have reached fresh all-time highs for a fourth consecutive day after Chinese economic data showed better than expected growth for Australia's top trading partner.

The benchmark &P/ASX200 index hit an all-time intraday high of 7,088.1 points, finishing Friday up 22.3 points, or 0.32 per cent, to an all-time closing high of 7,064.1 points.

The broader All Ordinaries gained 21.7 points, or 0.3 per cent, to finish at an all-time high of 7,180.3 points.

The ASX200 finished the week up 1.95 per cent, and is up 5.69 per cent so far this year, having lost ground for only two of the 12 trading sessions in 2020.

"The local bourse is on fire and then some!" declared Australian Stock Report market analyst Ben Le Brun.

"It's a thing of beauty, and local investors will be pleased as punch.

"Australia is a historically a bit of a laggard compared to our US counterparts, but we're mixing it up with the big boys at the moment."

The question now is how long the gains can be sustained - so all eyes will be on US earnings season as well as Australia's company reporting season when it begins next month, Mr Le Brun said.

The heavyweight mining sector led gains on Friday, with the sector up 1.2 per cent as BHP rose 1.2 per cent to $40.60, Rio Tinto gained 1.8 per cent to $105.24 and Fortescue Metals climbed 3.7 per cent to $11.41.

Goldminers were up as well, with Northern Star gaining 3.2 per cent, Newcrest up 0.8 per cent and Evolution up 1.3 per cent.

Woolworths was up 0.9 per cent to $39.04, while CSL dropped 0.3 per cent, but still finished above the historic $300 level at $300.10.

Brickworks and Altium both set new all-time highs, with the brickmaker rising 1.1 per cent to $20.01 and the printed circuit board software company gaining 0.8 per cent to $38.44.

A2 Milk, a major exporter to China, rose 3.3 per cent to $14.68 after China announced the country's economy grew in the fourth quarter more than analysts had expected, given the bruising US-China trade war.

Pilbara Minerals was the biggest ASX200 gainer, up 8.6 per cent, while fellow lithium miners Galaxy Resources and Orocobre gained between 1.7 and 2.0 per cent.

The big banks were mixed, with Commonwealth down 0.5 per cent to $84.05, while NAB was up 0.4 per cent to $25.46, Westpac up 0.3 per cent to $24.98 and ANZ flat at $25.42.

Nufarm dropped 10 per cent to $5.48 after the agricultural and chemical company said its Australian and New Zealand operations were hammered by climate extremes during the bushfire crisis.

In the tech sector, Appen was up 4.4 per cent to a two-month high of $26.11, while Mesoblast buoyed the health care sector with a 5.4 per cent rise to a nearly two-year high of $2.53.

The Australian dollar meanwhile was buying 68.96 US cents, down from 69.05 US cents at Thursday's close.

In cryptocurrency, Bitcoins were trading for just under $A13,000 on Australian exchanges, a two-month high and up over three per cent from Thursday.

ON THE ASX:

The benchmark S&P/ASX200 index closed up 22.3 points, or 0.32 per cent, at 7,064.1 points.

The All Ordinaries was closed up 21.7 points, or 0.3 per cent, at 7,180.3 points.

The SPI200 futures index closed up 19 points, or 0.27 per cent, at 7008 points.

The NZX 50 added 62.35 points (0.53%) to 11,800.21 while the Nikkei gained 108.13 points (0.45%) at the time of writing, to be closed at 24,041.26

© 2020 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. This information is to be used for personal, non-commercial purposes only. No reproduction is permitted without the prior written content of Morningstar. Any general advice or 'class service' have been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892), or its Authorised Representatives, and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/s/fsg.pdf. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product's future performance. To obtain advice tailored to your situation, contact a licensed financial adviser. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782 ("ASXO").

ASX Today

Recent Analyst Reports