It was a strong start to the New Year with the ASX up 1.4%. Materials (we're looking at you gold miners & Fortescue) and consumer-related companies led the charge

And hello 2021! It was a strong start to the New Year with the ASX up 1.4%. Materials (we're looking at you gold miners & Fortescue) and consumer-related companies led the charge. Commodities extended gains on hopes for a Democratic win in Georgia's run-off elections, which could see bigger stimulus cheques and infrastructure spending fast-tracked in the first quarter. The energy sector kept pace ahead of the OPEC+ meeting, while the infotech sector lagged. 


Our top three VODs are:

Striking gold in the Red River

Auric Mining is lining up M&A ahead of its IPO

India's sweet spot for investing in 2021 


 

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More from The COB from ausbiz

  1. 12:01Broker upgrades, M&A activity and low volumes combined for a surprisingly strong Tuesday trading session. The major index closed up 1.19%.Jan 19, 2021
  2. 10:18A sluggish start to the week with pressure on the banks and miners. Given they represent around half the market, they dragged the ASX down 0.8%.Jan 18, 2021
  3. 09:29A flat day for the ASX 200, closing up 0.0015% with the Afterpay juggernaut the story of the day - closing up 10% after broker upgrades and today's stimulus announcement from Joe Biden.Jan 15, 2021
  4. 12:48After a shaky start, the ASX 200 index came home strongly to close up 0.4% on positivity around Joe Biden's planned announcement tonight on the details of his economic stimulus package.Jan 14, 2021
  5. 13:02After a morning dip, the ASX 200 came home with a wet sail to close up 0.1% and break its three day losing streak.Jan 13, 2021
  6. 13:30A choppy day for the ASX with the major index closing flat after being up 0.5% around midday.Jan 12, 2021
  7. 12:38It was all downhill for the local bourse today despite a record night on Wall St on Friday. The ASX 200 dipped below 6,700 mid afternoon to close at 6,697.2.Jan 11, 2021
  8. 10:33A solid week of gains for the Australian market; today's session closed on the day's high with the BNPL darlings leading the info tech sector higherJan 08, 2021
  9. 13:16What a day! The ASX 200 closed up 1.6%, pushing aside concerns that Democrat-controlled US Senate and chaos in Washington would be a negative for equities.Jan 07, 2021
  10. 14:04Markets fretted at the prospect of a Democrat controlled Congress today which ushers the way for higher taxes and increased regulation.Jan 06, 2021