Small gain for ASX, CBA nears $100, Zip keeps buying The ASX200 (ASX: XJO) managed to finished just 0.2% higher on Monday as strength in the banking sector including the Commonwealth Bank of Australia (ASX: CBA) offset weakness in materials. CBA is once again trading at an all-time high and just $1.24 short of the $100 mark. Iron oreand commodities…
Steve Byrom from Potentum Partners goes in-depth with Giselle Roux from The Inside Network on why to invest in private equity.
Martin Currie, the active equity specialist investment manager of Franklin Templeton, says “as the global economy returns to growth, investors looking to catch the growth wave should be looking to emerging markets.” Alastair Reynolds, Portfolio Manager of the Legg Mason Martin Currie Emerging Markets Fund, agrees and says “Take one example. In 2021, the global…
Shares in ex-market darling Kogan.com Ltd (ASX: KGN) have fallen another 14% today after downgrading guidance citing warehousing and inventory complications. Today’s share price of $8.70 is another 52-week low for the company, which now means its market valuation has tumbled by more than 65% since its high in October last year. KGN share price To put…
It has been a wacky year so far. Stocks that did well during Covid-19, dubbed the “Covid-winners” such as electronics and homeware retailers Kogan (ASX: KGN) and Afterpay (ASX: APT), have been absolutely smashed, losing 44% and 30% in the last three months respectively. Kogan last week announced a profit warning: because it failed to…
Bitcoin, together with all the major cryptocurrencies, is taking a major beating this morning, after China came out and reiterated that “digital tokens cannot be used as a form of payment,” effectively banning the cryptocurrency. Bitcoin is now at its lowest level since early February, and Ethereum has lost more than 7%, with both cryptocurrencies…
