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3 reasons why we are underweight ASX retail shares

The S&P/ASX 200 (INDEXASX: XJO) has shown lots of share price ups and down this year. Luke Laretive of Seneca Financial Solutions tells us 3 reasons why we are underweight ASX retail shares. Are these share prices undervalued?

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Moribund day on Monday, but a green finish

The benchmark S&P/ASX 200 (INDEXASX: XJO) index ending the session 4.1 points to the good, at 7,199, while the broader All Ordinaries (INDEXASX: XAO) edged 4.6 points into the green, to 7,410.2.

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Takeover talk fails to inspire Australian market

The Australian market retreated on Thursday, but in a barely noticeable manner; the benchmark S&P/ASX 200 (INDEXASX: XJO) slipped 5.1 points to 7,173, while the broader All Ordinaries (INDEXASX: XAO) index lost 2 points, to 7,384.

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Economic data sparks the Australian market

The benchmark S&P/ASX 200 (INDEXASX: XJO) index jumped 116.8 points, or 1.7 per cent, to 7178.4, with all the sectors in the green. The broader All Ordinaries (INDEXASX: XAO) added 116.9 points, or 1.6 per cent, to 7,386.

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Economic data sparks the Australian market

The benchmark S&P/ASX 200 (INDEXASX: XJO) index jumped 116.8 points, or 1.7 per cent, to 7178.4, with all the sectors in the green. The broader All Ordinaries (INDEXASX: XAO) added 116.9 points, or 1.6 per cent, to 7,386.

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