FirstWrap commentary – 31st December 2023

Dec 31, 2023

FirstWrap commentary – 31st December 2023

The ASX200 closed 553 points higher, a 7.27% increase for the December quarter. With December alone accounting for the bulk of the increase of 515 points. The Reserve Bank (RBA) raised interest rates again in November to 4.35% conceding Austra

» Read More

MARKET COMMENTARY – December 2023

Dec 31, 2023

December Quarter in Review

The ASX200 closed 553 points higher, a 7.27% increase for the December quarter. With December alone accounting for the bulk of the increase of 515 points. The Reserve Bank (RBA) raised interest rates again in November to 4.35% conceding Australian inflation has peaked bu

» Read More

Dubber Update – October 2023

Oct 23, 2023

Dubber recently conducted an investor day, where they demonstrated their product and showcased use cases of real customers. Both Cisco and BT (British Telecom) feature in the demonstration and highlight their confidence in the uniqueness of the Dubber product having embedded the software as a core offering in their networks and point of difference from competitors. The pre

» Read More

FirstWrap commentary – Sept 2023 Quarter

Sep 30, 2023

The ASX200 closed 154 points lower falling 2.15% for the September quarter. The new Reserve Bank Governor, Michele Bullock, began her seven-year term in September. Governor Bullock in her first board meeting reiterated the bank’s commitment to do what is necessary to reduce inflation to       2-3% p.a. The August monthly inflation indicator continued trending lower

» Read More

MARKET COMMENTARY – September 2023

Sep 30, 2023

September Quarter in Review

The ASX200 closed 154 points lower falling 2.15% for the September quarter. The new Reserve Bank Governor, Michele Bullock, began her seven-year term in September. Governor Bullock in her first board meeting reiterated the bank’s commitment to do what is necessary to

» Read More

MARKET COMMENTARY – June 2023

Jun 30, 2023

June 2023 Quarter in Review

The ASX200 closed relatively flat for the quarter increasing 25 points or 0.36% to 7,203 for the June quarter. Interest rates remain a key focus for markets, with the Reserve Bank of Australia (RBA) announcing its second pause in interest rates after twelve rate increas

» Read More

FirstWrap Commentary – June 2023 Quarter

Jun 30, 2023

FirstWrap commentary – June 2023 Quarter

During the quarter the RBA increased the cash rate another 2 times by 0.25% in May and June. This took the RBA cash rate to 4.1%. Inflation remains a concern and will take some time to ease. Over the next 3 to 6 months there will be over 800,000 mortgages

» Read More

FirstWrap Commentary – March 2023 Quarter

Mar 31, 2023

FirstWrap commentary – March 2023 Quarter

During the quarter the RBA increased the cash rate another 2 times by 0.25% each time. This was the 10 consecutive rate increase from the RBA taking the cash rate to 3.6%. The April meeting saw rate remain on hold with no increase while the RBA looks for

» Read More

MARKET COMMENTARY – March 2023

Mar 31, 2023

March Quarter in Review

The ASX200 rose 1.98% closing at 7,178 for the March quarter. Interest rates remain a key focus in markets with the RBA pausing after a range of indicators suggest inflation may have peaked following ten consecutive interest rate increases. However, the RBA noted cost of li

» Read More

MARKET COMMENTARY – December 2022

Dec 31, 2022

MARKET COMMENTARY – December 2022

2022 Year in Review

The ASX200 recorded a fall of 5.45% for the year closing at 7,039. The bear market was characterised by frequent hopeful rallies on any sign of changing prospects or sentimen

» Read More