Australian Investment Blog

• The ASX 200 had another strong day finishing up 49 points (0.83%) to 5983.• The new bid for iiNet (IIN) by M2 Group (MTU) set the stock racing. IIN had a high of $10.16 and a low $9.57, finishing the day at $9.80 + (0.83%)• The Material Sector was the strongest in the market by far after the continued strength in Iron Ore and Oil over the weekend.• The Banking Sector finished strongly with Commonwealth Bank (CBA) +62c (0.67%)to $92.72, National Aust. Bk (NAB) +38c (1%) to $38.46 and Westpac (WBC) +43c (1.12%) to $38.85. However Aust. New Zealand Bk (ANZ) finished down -14c (0.39%) to $35.58.

Best Sector – MaterialsWorst Sector –Telecomunications