Defying the odds 📈

A surge in commodity prices across the spectrum and some end-of-month window dressing helped the local market to a remarkably positive finish, despite war in Ukraine and US futures tanking. BHP, Rio Tinto, gold and energy all pushed higher. Graincorp outperformed on expectations it could benefit as soft commodity prices rise, with Russia's invasion curbing supplies from Ukraine. Sandfire Resources sank nearly 5% as it slashed dividend guidance, while Invocare’s buoyant update saw its share price close up 4.5%. There was M&A to start the week with Zip confirming its takeover bid for Sezzle, with both companies in a trading halt. Despite fading rate hike expectations, the info tech sector was down 0.60%. Defying the chicken littles, the S&P/ASX200 ended the day up 51 points, or 0.7%.

Our top three VODs:

Why the ASX closed higher despite war in Europe

Is the Ukraine crisis a watershed moment for cryptocurrencies?

Reporting reflections:  Fundamentals and share prices

Hosted on Acast. See acast.com/privacy for more information.