Banking and insurance are two major branches of the financial industry, often mirroring the larger economic climate. In economic upswings, banks typically benefit from increased lending. Similarly, insurance companies tend to grow as individuals and companies look for protection against an increasing array of risks. During economic downturns, both banking and insurance often show resilience due to the enduring need for their services. Investing in banking and insurance stocks can help keep a portfolio stable during market fluctuations.
Top losers: $Coronado Global Resources Inc (CRN.AU)$, $Pinnacle Investment Management Group Ltd (PNI.AU)$ and $Nickel Industries Ltd (NIC.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ was down 0.4% to 7,828.3. Australian stocks closed lower on Wednesday ending a three-day streak of gains amid heightened risk ...
Top losers: $Audinate Group Ltd (AD8.AU)$, $The a2 Milk Co Ltd (A2M.AU)$ and $ALS Ltd (ALQ.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ up 0.1% to 7,860.4. Wall Street's overnight gains initially boosted the Australian Stock Exchange, but Australian shares pared gains to close slightly higher on Tuesday aft...
Top losers: $Spark New Zealand Ltd (SPK.AU)$, $Zimplats Holdings Ltd (ZIM.AU)$ and $Meridian Energy Ltd (MEZ.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ rose 0.8% to 7854.1. Australian stocks started the week higher, boosted by China's plan to boost consumption.
Sector performance
7 of 11 sectors ended higher. Despite the fall in iron ...
Top losers: $Yancoal Australia Ltd (YAL.AU)$, $New Hope Corp Ltd (NHC.AU)$ and $Whitehaven Coal Ltd (WHC.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ declined by 0.5%, or 37.1 points, closing at 7749.1 on Thursday. Australia's sharemarket hit a seven-month low a...
• US stocks advance on tech rally and mild inflation data, with Tesla leading gains.
• Australian shares rise as bargain hunters emerge amid tariff volatility.
• Stocks to watch: SLH, MTAL, etc.
Wall Street Summary
The $Nasdaq Composite Index (.IXIC.US)$ and $S&P 500 Index (.SPX.US)$ advanced on Wednesday, rising 1.2% t...
The daily chart tells the story:
BHP AU - Daily
The trading day marked by the purple rectangle is last Thursday 6 March. BHP tra...
Top losers: $Audinate Group Ltd (AD8.AU)$, $Capricorn Metals Ltd (CMM.AU)$ and $REA Group Ltd (REA.AU)$
Market summary
The $S&P/ASX 200 (.XJO.AU)$ fell steeply lower by 1.8 per cent, or 146.5 points, closing at 7948.2. This marked its second-largest weekly decline of the year. The stock market plunged...
• US stocks tumble as tariff concerns persist despite limited exemptions.
• Australian shares fall, mirroring US losses, with tech and bank stocks leading declines across all sectors.
• Stocks to watch: IFL, SPR, etc.
Wall Street Summary
Stocks tumbled Thursday amid persistent tariff concerns. The $Nasdaq Composite Index (.IXIC.US)$ closed down 2.61% a...
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