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Yesterday, the Aussie share market charged over 1% higher to 7,268 points. That marks a two-week high for the benchmark ASX200 index. The lift follows CBA’s strong half-year results, which also helped the other major banks post decent gains. Looking at the sector performances, the tech sector outperformed, up 4.2%, after it took a solid lead from Wall Street, while both the materials sector and energy sector posted losses, partly due to the fall we saw in the iron ore price.
Computershare (ASX:CPU) lifted 11.2% after the company released a strong half-year and guidance upgrade. Imugene (ASX:IMU) also gained, after its company director acquired 15 million shares, displaying his confidence in the company. Meanwhile, Mineral Resources (ASX:MIN) dropped nearly 9% after following its mixed results that recognised a loss in both revenue and statutory profit.
The most traded stock by Bell Direct clients yesterday was Fortescue Metals (ASX:FMG). Its share price fell 3.6% following the rapid decline in the iron ore price as Chinese officials step up their efforts to control the iron ore price. Also highly traded was Lake Resources (ASX:LKE), Commonwealth Bank (ASX:CBA) and CSL (ASX:CSL).
In the US, all three benchmarks closed in the green, with the Nasdaq jumping as investors continued to buy the January tech dip. Tech stocks like Shopify, Etsy, Meta and Zoom all rose. And investors are now preparing for Thursday’s consumer price index report, which will give an update on the inflation picture. The result could push the Federal Reserve closer to considering its single-largest rate hike in more than two decades.
Today, following the positive session over on Wall Street, the futures are suggesting the Aussie share market will open 0.31% higher this morning.
What to watch today: