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Indices: Australian ASX 200

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The ASX200 marched ever higher on Wednesday closing less than 1.5% below its all-time high, the heavy lifting was performed by the big 3 of the local index – Commonwealth Bank (CBA), CSL Ltd (CSL) and BHP Group (BHP).

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The ASX200 continues to oscillate between 7000 and 7100 as ongoing stock & sector rotation maintains the market equilibrium – yesterday saw only 55% of the index rally but  when the resources rally strongly plus CBA / CSL post gains the index is almost guaranteed to be well supported.

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