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Both benchmarks weakened into the close, as both the S&P/ASX200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) fell 0.2% on Friday.
Both local benchmarks, including the S&P/ASX200 (INDEXASX: XJO) fell 1.2% on Thursday, as pressure continues to build from poor global economic data.
These assets have good pricing power (inflation linked, like other APA assets) and good incremental returns for new mining assets brought online in the area.
The local share market weakened again on Wednesday, with the All Ordinaries (INDEXASX: XAO) down 0.7% and the S&P/ASX 200 (ASX: XJO) falling 0.8% as seven sectors fell by more than 1%.
Pilbara Minerals Ltd (ASX: PLS) and IGO Ltd (ASX: IGO) have reported record profits, leading to mountains of cash sitting on balance sheets, and outsized dividends returned to shareholders.
All Ordinaries (INDEXASX: XAO) and S&P/ASX200 (INDEXASX: XJO) fell 0.4% on Friday, but still managed to deliver a 2.3% gain for the week. The Fortescue Metals Group Ltd (ASX:FMG) share price is getting punished.
Balaji Gopal is the Head of Adviser Services at Vanguard Australia and one of the key people of the Vanguard organisation here in Australia.
The Australian share market or ASX index is uniquely known for its high dividend yield. On average, the ASX has a yield more than double that of the US S&P 500!
The Fortescue Metals Group Ltd (ASX:FMG) share price has declined 5% after the ASX resources share revealed a tough FY23 result.
Both benchmarks weakened into the close, as both the S&P/ASX200 (INDEXASX: XJO) and All Ordinaries (INDEXASX: XAO) fell 0.2% on Friday.
Both local benchmarks, including the S&P/ASX200 (INDEXASX: XJO) fell 1.2% on Thursday, as pressure continues to build from poor global economic data.
These assets have good pricing power (inflation linked, like other APA assets) and good incremental returns for new mining assets brought online in the area.
The local share market weakened again on Wednesday, with the All Ordinaries (INDEXASX: XAO) down 0.7% and the S&P/ASX 200 (ASX: XJO) falling 0.8% as seven sectors fell by more than 1%.
Pilbara Minerals Ltd (ASX: PLS) and IGO Ltd (ASX: IGO) have reported record profits, leading to mountains of cash sitting on balance sheets, and outsized dividends returned to shareholders.
All Ordinaries (INDEXASX: XAO) and S&P/ASX200 (INDEXASX: XJO) fell 0.4% on Friday, but still managed to deliver a 2.3% gain for the week. The Fortescue Metals Group Ltd (ASX:FMG) share price is getting punished.
Balaji Gopal is the Head of Adviser Services at Vanguard Australia and one of the key people of the Vanguard organisation here in Australia.
The Australian share market or ASX index is uniquely known for its high dividend yield. On average, the ASX has a yield more than double that of the US S&P 500!
The Fortescue Metals Group Ltd (ASX:FMG) share price has declined 5% after the ASX resources share revealed a tough FY23 result.
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