The Bruised and Battered Leads the way!
A strong start in the ASX 200 was experienced today, only to see it drift lower and close near its lows for the first time in many sessions. Telstra (TLS) seemed to have found it recent lows and manage to rally 2.76% higher, outperforming the broader market.
On the broader market today, the Telco sector led the way, while most weakness was felt in the Consumer staples, following weaker than expected retail sales data which lost -0.78% - an overall range of +/- 38 points, a high of 5718, a low of 5679, finishing the session pretty much unchanged at 5689.
ASX 200 Intra-Day Chart
ASX 200 Daily Chart
Have a great night
The Market Matters Team
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