Indices: Australian ASX 200
May has just one day remaining and barring any calamity its going to be another solid performance for the ASX200 with a gain of over 1%, the banks have led advance with Commonwealth Bank (CBA) surging almost +13% while the recovery stocks have played a solid supporting role.
The ASX200 had the quiet Thursday we flagged in the morning report with it finally grinding out a meagre 2-point gain as just 51% of the market closed positive, on the sector level the banks drifted which was more than countered by another strong session from the IT names and a solid bounce by the Resources Sector.
