The ASX 200 Index ended the week on firmer footing, helped by strong rebounds in miners, banks and declining Australian yields. Still, I’d keep my expectations measured until the Index can secure a weekly close above 8,800.
Heat Map Shows Miners And Banks Doing The Heavy Lifting
We see BHP up 2.91%, NEM up 3.77%, FMG up 2.43%, RIO up 2.43%, CBA up 2.24% and GMG up 2.92%. What a way to end the week in Australian equities trading. It’s a healthy broad heavyweight push. Indeed, miners and gold names led gains, with firmer copper and stronger bullion helping the move. But the energy sector was a laggard today, as crude softened. Healthcare is soft with CSL down 1.00% and RMD down 0.73%.
