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Investors warning against 'buying the dip' in market downturn as ASX drops 10pc for the year

Investors warning against ‘buying the dip’ in market downturn as ASX drops 10pc for the year

“Buying the dip” is no longer an easy way for inexperienced traders to make a quick buck on the stock market, a seasoned stockbroker has warned. Key points: The best performing ASX sectors in the past year were utilities (+29pc) and energy (+27pc) Every other sector fell, including tech (-39pc) and consumer discretionary (-24pc) Lithium, …

Investors warning against ‘buying the dip’ in market downturn as ASX drops 10pc for the year Read More »

A man and woman, with their baby in a pram, looking at the ASX stock market boards in Sydney.

ASX rallies as financials, miners advance; Imugene soars while gold stocks tumble

Australian shares jumped in a broad-based rally, with heavyweight financials leading the gains as investors shrugged off recession fears amid looming rate hikes, while strong iron ore prices boosted miners. Key points: ASX 200 has plummeted by 11.6 per cent since the year began The Dow Jones index rose 2.7pc to 31,501, the S&P 500 …

ASX rallies as financials, miners advance; Imugene soars while gold stocks tumble Read More »