Indices: Australian ASX 200
The ASX200 pushed up to test its June highs this morning, an impressive +13% rise from October’s panic low, it’s now surprisingly only 5.3% below its all-time peak – it certainly doesn’t feel like it in some pockets of the market. Heavyweights such as Commonwealth Bank (CBA) and BHP Group (BHP) have rallied strongly over recent weeks but numerous stocks remain in the “naughty corner” so far this quarter, and in 2022:
The ASX200 rallied +0.6% yesterday taking it within a few points of the psychological 7200 area, over 60% of the main board advanced, and when that’s combined with CBA, BHP, and CSL rallying it’s always likely to be a positive day for the local index. An indication of how open-minded we all must be towards today’s market was provided by the…
