Indices: Australian ASX 200
The ASX200 bode farewell to the financial year in the same bearish manner that’s dominated the last 2-months taking its decline for the tax rule-off period to -10.2%. Losses on the disappointing Thursday compounded through the day with the index closing down 2%, only 10% of the main board managed to close in positive territory but the fall wasn’t caused by tax-loss selling as many might…
The ASX200 struggled throughout yesterday finally closing down -0.9% although it did recover a third of the morning’s losses through a relatively unconvincing afternoon bounce. Considering over 80% of the market fell it wasn’t a bad result aided by a relatively steady Banking Sector. Under the hood, it was another tough session for tech, real estate and healthcare stocks, three sectors that keep…
