MM remains cautiously bullish on the ASX200 into Christmas - Market Matters

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09/12/2022

MM remains cautiously bullish on the ASX200 into Christmas

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The ASX 200 slipped 0.5% on the penultimate day of October, as strength across lithium, copper, and uranium names failed to offset another weak session for rate-sensitive sectors. Consumer discretionary (-4.2%) and real estate (-2.7%) led the declines, with notable heavyweights Wesfarmers (WES) -7.1% and JB Hi-Fi (JBH) -4.5% dragging the index lower.

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