TL;DR news on ASX 200 at August 27, 2023
Then it was 7,200 points, followed by 7,300 and now 7,400. As we flagged earlier, ASX gold miners did not have a great week overall, and Northern Star seemed to cop the brunt of this. With a market capitalisation of $22 billion, Woodside is the largest oil producer of the ASX 200. The ASX share share said to date more than $370 million has been paid to current and former salaried team members across the Woolworths Group, with work continuing to remediate affected team members. More on Dividend Investing Dividend Investing Broker names 2 ASX dividend shares to buy now September 19, 2022 | James Mickleboro These dividend shares have been rated as buys by Morgans.. Learn More The market is rallying to a new high this morning but this could be a time to take some profit on some ASX shares that have been hit by a broker downgrade. It was also just kicked out of the ASX 200 index. So, what can you do to be best prepared and informed this year? Have you sold some ASX shares? The most obvious tax implication for most investors will come in the form of capital gains and dividends. Lastly, if you do sell an ASX share for a loss, be sure not to invest in it again the following financial year. Get the help of a tax advisor In reality, the above commentary skims the surface of tax considerations and implications when it comes to ASX shares. The way the ASX behaved on Monday was contentious, with technology stocks suddenly rising as reflation trades like banks, industrials and materials declined. The rise for the big three gold miners of the ASX comes as the precious metal improves from a trough of $US1,761 per ounce over the weekend. The company recently announced a merger with another former ASX 200 member, Galaxy Resources, with the combined entity expected to be a contender for addition to the index. Employment data shows a record increase in female workforce participation, as well as improvement in the underemployment rate gender gap and a new high in women holding ASX 200 board directorships. Further losses would likely place the focus on lows from May, making for key support between 33200 and 33402. He has covered a wide range of small and large cap ASX stocks and has a special interest in mining, technology and biotech.