Indices: Australian ASX 200
The ASX200 was smacked -1.75% yesterday in a session that both felt and looked awful, aggressive selling hit the futures market as soon as stocks opened and it didn’t take a backward step all day – intraday alone the SPI futures fell 110-points compounding the negative opening courtesy of further weakness on Wall Street. Not surprisingly all 11 sectors fell on Thursday…
For a second consecutive day, the ASX200 recovered strongly from early morning losses and although the markets still well down for both the week and month it’s finally attracting some bargain hunters into weakness. Ultimately we only saw the market rally +0.2% on Wednesday but it was a solid performance considering National Australia Bank (NAB) and ResMed (RMD) traded ex-dividend…
