The ASX200 closed up half a percent at 7,971 points, as the market followed Wall Street’s strong lead. The IT sector lead the charge, up 1.62%, followed closely by Health Care 1.37% and Industrials 1.33%. The Energy sector lost 2% as the market adjusts profit expectations in the wake of falling commodity prices.
Australia’s share market ended the week on a strongly positive note, hitting a fresh record high and installing Commonwealth Bank as our biggest company.
The board of Ora Banda Mining (ASX: OBM) has approved a final investment decision of $39 million for the development of the Sand King underground mine at
The ASX200 has closed the first day of Autumn at a new record 7745.6 points - up 0.61 per cent. Materials stocks gained about 1.99 per cent and IT wasn’t far behind. Both lithium and nickel companies were on the leader board today, however iron ore and uranium stocks were down on commodity price weakness.