ASX 200 back up above 5700 – ends the week on a high
What Mattered Today
Another reasonable session for Aussie stocks with the market cracking up through 5700 on the back of strong buying in the sectors exposed to a higher $US and higher global interest rates following a move up in both overnight. The likes of QBE did well adding +1.9% to close at $12.33, Macquarie (MQG) was up +1.93% while the Banks were also well supported – the BIG 4 adding 16 index points. Golds lost ground – Newcrest (NCM) down -2.67% to close at $21.18 while the mid cap plays fell more in aggregate. The commodity names were mixed today with BHP down -1.33% while RIO continued to rally, up another 0.92% to close at $67.85. Momentum here seems strong however we continue to think that we’ll get a better entry opportunity into weakness.
Not a bad week for the ASX 200 after a very soft session Monday that saw the index close at 5610 - we then clawed back +104pts or +1.85%.
We had a range today of +/- 46 points, a high of 5714, a low of 5668 and a close of 5714, up +42pts or +0.75%. Volume was actually OK with $4bn through equities.
ASX 200 Intra-Day Chart
ASX 200 Daily chart
Sectors
ASX 200 Movers
What Matters Overseas
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All figures contained from sources believed to be accurate. Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 27/01/2017. 4.45PM.
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