Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site.

ASX 200 share market weekly wrap

The week ended on a negative note with the S&P/ASX 200 (ASX: XJO) closing down 0.9% on Friday as markets oscillate between optimism and pessimism.

Energy and utilities once again outperformed, up 0.3% and 0.5%, after a fourth peace talk resulted in no agreement between Ukraine and Russia.

The conflict continues to have a major impact on commodity markets, with shares in GrainCorp Ltd (ASX: GNC) benefitting from another increase in the grain price, now up more than 30% for the year.

Virtus Health Ltd (ASX: VRT) remains in a trading halt amid hopes of a bidding war between private equity acquirers, whilst Nickel Mines Ltd (ASX: NIC) was the latest company to abandon a capital raising due to a tanking share price.

ASX 200 falters for the week

It was a challenging week despite a few bright spots with the market falling 0.6%, with financials taking the mantle from the energy and materials sectors gaining 2.2% over the five days.

Materials fell 3.4% as the craziness in nickel markets occurred, whilst consumer staples also delivered a slightly positive return.

After reaching US$2,000 per ounce, the gold price weakened on inflation data, but St Barbara Ltd (ASX: SBM) was the top performer, gaining 16.2% across the week alongside Silver Lake Resources Limited (ASX: SLR) which added 11.3%.

Nickel Mines was the biggest detractor, falling 25.2%, with Rio Tinto Limited (ASX: RIO) weakening 11.7% on its Russian exposure.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.


At the time of publishing, the author of this article does not have a financial or commercial interest in any of the companies mentioned.

Powered by

Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

Skip to content