Site menu

Search by ticker code:
Generic filters

Menu

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

January Recap: What Happened To The ASX 200?

After 2018 saw the S&P/ASX 200 (INDEXASX: XJO) index drop by 6.9%, investors were offered some relief in January with the market rebounding to finish the month 4.25% higher. This leaves the market at a level last seen in November last year.

Sector Results

The month 31st December 2018 to 30th January 2019 saw every sector finish higher. Leading the charge were Energy, Telecommunication Services and Utilities, while Financials and Industrials dragged the index lower. The results are below:

  • Consumer Discretionary – 4.2%
  • Consumer Staples – 3.1%
  • Energy – 10.3%
  • Financials – 1.2%
  • Healthcare – 3.6%
  • Industrials – 2.9%
  • Information Technology – 6.6%
  • Materials – 6.0%
  • Telecommunication Services – 9.5%
  • Utilities – 6.8%
  • Note: All figures have been rounded down to one decimal place.

Market Movers

There were plenty of companies that caused excitement in January, with some announcing HY earnings and others announcing quarterly reports.

One of the companies that made headlines was ResMed Inc (ASX: RMD), which left investors with painful losses after a steep drop late in the month, leaving the share price 19% down from December. It may not be all bad news though, and there are certainly a few reasons to remain positive about ResMed shares. Check out this article from a few days ago for four reasons to stay positive.

Challenger Ltd (ASX: CGF) also scared investors this month after issuing earnings guidance that caused the share price to crash. At its current level of $7.27, it’s down over 23% from December and seems to be continuing its downward trend that started over a year ago. If you want more information on CGF shares, this article covers the updates.

On a positive note, Fortescue Metals Group (ASX: FMG) finished a stellar month 29.3% higher, recovering all losses from last year and reaching levels last seen in February 2018. Fortescue is due to report earnings 20th February which should provide guidance for what to expect in 2019.

February… It’s Going to be BIG

February is reporting season, and most of the companies on the ASX will be releasing HY2019 results to the public throughout the month. To keep up to date on the latest announcements, make sure to check Rask Media daily for our coverage of the biggest stories.

[ls_content_block id=”14945″ para=”paragraphs”]

Disclaimer: At the time of writing, Max does not have a financial interest in any of the companies mentioned. 

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our Terms, Financial Services Guide, Privacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content