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Laura Bessarati

๐Ÿ‘ค Speaker
1004 total appearances

Appearances Over Time

Podcast Appearances

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

So as has been the case since the conflict began, a lot can happen over the course of the weekend between Friday night and Monday morning.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

So I'm sure we'll have a lot to catch up on Monday morning.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

with Gil and James to kick off next week.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

So we'll wait and see what happens there.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

But looking across the different sectors today, we've seen energy just sneak into positive territory right as I'm speaking.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

It has been, you know, softer for most of the day.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

And that's partly because yesterday we did see oil prices surge to 126 US a barrel to a wartime high.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

But they've since cooled to around 111 US a barrel.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

So that's why we did see energy stocks just pulling back a little bit at the moment.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

They're almost completely flat.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

But look, 10 of 11 sectors are actually improving.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

We're only seeing the financial sector edging lower by just a quarter of 1%.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

The materials sector is the standout by far.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

It's lifting a little over 2%, but this is after falling by 2.7%.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

But if we look over the course of the week, we can see that only three of the 11 sectors improved.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

Energy did do best because we did see oil prices lifting throughout the week.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

They were up by around 5% for the week.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

Industrials also up 1.5% for the week and real estate up by 1%.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

The other sectors all falling back.

CommSec Market Update
PM 01 May 26: ASX snaps 8-day losing streak

We've seen consumer staples take the biggest hit down five and a half percent and some losses across some of the other sectors over the course of the week.