Indices: Australian ASX 200
Hi James,
Most of us have been guilty at least once for changing our spending habits in June as we start considering the EOFY, I know my “Tradie” friends adopt an if in doubt buy it attitude this time of year to avoid paying too much tax for the FY. Similarly in the stock market, around this time investors usually start considering putting the broom through their portfolios with positions that are showing decent losses for the financial year…
The ASX200 ended Thursday down -0.8% on broad-based selling, only 20% of the index managed to close in positive territory with the gains focused on the energy names plus a relatively small bounce by the battery metals stocks that were hammered on Wednesday. With the exception of the Utilities Sector, there was nowhere to hide although the decline felt more like a lack of interest by the buyers as opposed…
