Australian market finished the week….
The S&P/ASX 200 Index (XJO.ASX) finished the week down 0.3%. Materials sector showed buying interest with a rally of over 2.8% for the week, whilst financials lagged with the Financials ex-Property down 2.4%.
Australian market finished the week…
S&P200 XJO.ASX finished the week up 2.6%.
The best performer was the Materials sector + 5.4%. Fortescue Metals Group FMG.ASX outperformed rising 11.0%. Information Technology lagged, weighed down Computershare Ltd selling off over 6%.
As a reminder CPU was one of our short trade recommendations, to read more on CPU, click the “tags” section in the right column.
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The Australian market finished the week to Friday up 1.0% based on the S&P/ASX 200 Index. Small companies outperformed larger companies, with the Small Ordinaries Index finishing the period up 1.7%.
The best performer was the Information Technology sector, up 3.4%. Aconex Limited (ACX) led the performance rising by 14.1%.
The worst performer was the Consumer Staples sector, down 1.7% with Wesfarmers Limited (WES) and Woolworths Limited (WOW) down 3.9% and 0.8% respectively.
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