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Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +1.06% to 7,680.70.
The benchmark S&P/ASX 200 (INDEXASX: XJO) index added 21.8 points, or 0.3 per cent, to 7600.2 at the closing bell, with seven out of the 11 sectors finishing in the green. The All Ordinaries (INDEXASX: XAO) edged up 0.3 per cent.
The Core Lithium Ltd (ASX: CXO) share price was down 75.5% in 2023, following an 81.3% decline in the lithium price during the year. However, the latest news on 5 January 2024 spooked investors and resulted in a further 18% decline. Is it time to sell before Core Lithium (CXO) goes to zero?
The S&P/ASX 200 (INDEXASX: XJO) closed up 23 points, or 0.3 per cent, to 7578.4, around 50 points shy of its all-time high reached in August 2021. The broader All Ordinaries (INDEXASX: XAO) gained 23.1 points, also 0.3 per cent, to 7,808.3.
Resources troubles weighed on the Australian share market on Thursday, with the benchmark S&P/ASX 200 (INDEXASX: XJO) index share price falling for a fifth straight
The benchmark S&P/ASX 200 (INDEXASX: XJO) index fell 21.7 points, or 0.3 per cent, to 7393.1, with five of the 11 sub-sectors retreating. The broader All Ordinaries (INDEXASX: XAO) shed 24.6 points, also 0.3 per cent, to 7,622.
The mood was distinctly positive on the trading screens, with the benchmark S&P/ASX 200 (INDEXASX: XJO) index putting on 120.1 points, or 1.7 per cent, to 7,377.9, while the broader All Ordinaries (INDEXASX: XAO) rose 130.3 points, also 1.7 per cent, to 7,599.4.
Australia’s share market pushed higher on Wednesday, as the big miners tracked iron ore prices higher. At the close the S&P/ASX 200 (INDEXASX: XJO) was up 23.8 points, or 0.3 per cent, to 7,259.1 points, while the broader All Ordinaries (INDEXASX: XAO) index gained 22.7 points, also 0.3 per cent, to 7,469.1.
The share price of IGO Ltd (ASX:IGO), an ASX lithium share, is down another 2% after revealing a disappointing update.