Market Commentary – September 2018
Sep 30, 2018
Australia’s economic outlook continues to improve with growth expected to be above trend estimates for the prior 12 months. The housing market continues a gradual trend down with both Sydney and Melbourne price declines expanding across more suburbs and market segments. Auction clearance rates have not benefited from the traditional Spring ramp up with both fewer dwellings for sale and buyers more discerning. Unemployment continues to tighten reaching the lowest rate since late 2012. The tight
Market Commentary – March 2018
Apr 01, 2018
The ASX200 index fell 5.0% in a volatile quarter to close at 5,752. Australia’s economic outlook continues to improve with growth expected to continue on-trend this year. Though the housing market cycle appears to have peaked with both Sydney and Melbourne prices easing and auction clearance rates returning to average. Planned infrastructure projects are expected to support the domestic economy for several years. While employment trends continue with strong jobs growth in the economy. However,
Market Commentary – December 2017
Dec 31, 2017
The ASX200 index completed a strong quarter raising 6.7% to close at 6,065. The RBA’s economic outlook continues to improve with growth expected to continue on-trend this year. The mining sector is expected to weaken further for some time to come. The housing market cycle appears to have peaked. Upcoming supply releasing into the market in the coming 24 months has prompted governing bodies to tighten lending standards coupled with other supervisory measures to restrain household debt levels.
Market Commentary – September 2017
Sep 30, 2017
The ASX200 index continues to trade in a sideways holding pattern falling 0.7% to 5,681 for the quarter. Banking stocks continue to be subdued whereas material stocks like BHP and RIO have performed strongly balancing out overall market performance.
Market Commentary – June 2017
Jun 30, 2017
The ASX200 index experienced a disappointing quarter falling approximately 2.5% to 5,721. The market began the quarter surging towards 6,000 points before being dragged back primarily by the four major banks. The banks experienced large share price declines between 10-20% triggered by the announcement of new taxes by the Federal Government. These banks currently account for approximately 25% of the ASX200 market capitalisation.
Market Commentary – March 2017
Mar 31, 2017
The Australian market remains resilient despite the ongoing global political turmoil. The S&P ASX 200 rose 3.5% to close at 5,865. The ASX 200 continues to benefit from price recovery in the top 20 stocks by capital weighting including house hold names the likes of the banks, big resource and insurance companies. Locally the RBA (The Reserve Bank of Australia) continues to balance managing the broader economy against house price growth. With any interest rate cuts likely to fuel higher house pri
Market Commentary – December 2016
Dec 31, 2016
The Australian market has proven very resilient despite the political turmoil over the last 12 months. With the S&P ASX 200 shrugging off the election of Donald Trump to achieve a 4.6% increase for the quarter. Market conditions continue to be fractious, but not without opportunities. The ASX 200 benefitted strongly from price surges of the biggest 20 companies on the back of improving commodity prices. Looking ahead the political turmoil is set to continue with Elections in Germany and France
Market Commentary – September 2016
Sep 30, 2016
The S&P ASX 200 has achieved a 3.87% increase however the increase does not reflect the extraordinary volatility throughout the quarter. Since February 2014 the market has fluctuated in a tight sideways channel. Market conditions continue to be fractious, but not without opportunities. With the top companies in the ASX 200 regaining some momentum due to improved commodity prices. The share market continues to present opportunities in smaller companies. With the Australian election completed the
Market Commentary – June 2016
Jun 30, 2016
The S&P ASX 200 has risen 3% with volatility continuing throughout the quarter. Since August 2015 the market continues to fluctuate in a tight sideways channel. Market conditions are proving difficult but not without opportunities. With the top 20 shares in the ASX 200 continuing to face significant headwinds, in the current market opportunities are presenting in smaller companies. The Australian Election has been counted and the Liberal Party has claimed victory and will form Government with a
Market Commentary – March 2016
Mar 15, 2016
The S&P ASX 200 has fallen 4% in another volatile quarter. The market fell heavily from the New Year high with the ASX 200 falling 8% in January and recovering slowly in February and March. The major financial themes impacting the Australian market continue to be: •The price of commodities - have improved marginally after extraordinary falls •Chinese economic transition - China has indicated it currently favours reform over growth •Australian economic transition - The RBA is satisfie
Market Commentary – December 2015
Dec 15, 2015
The S&P ASX 200 increased 5.5% over the quarter. The volatility continued into December with the ASX 200 trading up to 5,400 points, with daily movements of 1% or more persisting. The major financial themes impacting the Australian market are the continuing decline of commodity prices, Chinese economic transition and the first US interest rate increase since 2008. We believe these trends will remain for the foreseeable future and we believe caution is warranted in the current market volatility.
Market Commentary - September 2015
Sep 15, 2015
The S&P ASX 200 has fallen 8% since the beginning of the quarter. The September quarter was incredibly volatile with the S&P ASX 200 falling approximately 700 points or 13% from its high in early August. Market volatility can only be described as extreme with daily movements of 1% or more the norm rather than the exception. The major financial themes impacting the Australian market have been the continuing decline of commodity prices, Chinese Growth rates and the expected US interest rate moveme
Jul 15, 2015
The S&P ASX200 has fallen 8.8% since the beginning of the quarter. September quarter was incredibly volatile with the S&P ASX200 falling 800 points or 14% from its high in early August. Market volatility can only be described as extreme with daily movements of 1% or more the norm rather than the exception. The major financial issues impacting the Australian market have been the continuing decline of commodity prices and Chinese Growth rates. We believe these trends will remain for the foreseeabl
Mar 15, 2015
The Australian Sharemarket rose strongly in the March quarter. The S&P ASX200 closed at 5,891. The strong performance was driven by the continued search for yield. Magnified by a 0.25% pa cut in the Reserve Banks interest rate and market expectations of further interest rate cuts. Creating fear in the fixed interest market as deposits mature with investors looking to replace relatively safe high yield returns.
Jun 15, 2013
The June quarter has delivered increasing sharemarket volatility with the S&P ASX 200 closing at 4,803. The prevailing question in the Australian sharemarket continues to be whether the non-mining sector can offset the slow down occurring in the mining sector.
Dec 15, 2012
The December quarter has delivered relief for investors with the S&P ASX 200 finishing the quarter up 6% closing at 4,648 due to two rate cuts from the Reserve Bank of Australia (RBA) and market commentary predicting further rate cuts in 2013. The impact of the rate cuts has created a chase for yield, which has driven the market to levels not seen since March 2011 and the rise has continued into January.
Sep 15, 2012
The quarter has seen a gradual recovery in equity markets, particularly the S&P 500 achieving record highs set in mid 2000 and late 2007. The ASX 200 had a strong quarter closing at 4,387. This was an increase of 7.14% over the 3 month period. News in the quarter focused on further quantitative easing in the US, Europe and Japan.
Jun 15, 2012
The ASX 200 closed the financial year at 4094.60 which was down -5.55% for the quarter and -11.14% for the year. Throughout this quarter there has been continued volatility due to overseas influence from the USA and European countries. The news flow from Greece and Spain remains negative, the world is waiting for news on a decisive course of action to begin to solve the Euro zone issues.
Mar 15, 2012
The Australian sharemarket rose for the quarter closing at 4,335. The trend during the quarter saw a decrease in volatility however there have been no strong economic signals to drive the market. The market continues to be affected by the high level of political malaise.
Dec 15, 2011
The volatility is continuing with investors remaining nervous and uncertain in respect to the future. The quarter was marked by days of extreme volatility and poor investment sentiment due to concern in slowing economic growth in Australia and China, companies reporting lower profit expectations and/or downgrades prior to the commencement of the profit reporting season and sovereign debt issues in Europe.