Indices: Australian ASX 200
The ASX200 experienced broad-based selling on Thursday with less than 25% of the index up on the day but the market heavyweights helped avoid any meaningful weakness on the index level i.e. Commonwealth Bank (CBA) +1.4%, BHP Group (BHP) +0.7% and CSL Ltd (CSL) +2.3%. Thursdays -0.2% decline hardly made a dent in the market’s recent…
The ASX200 again made fresh 10-week highs yesterday helped by strength from the consumer-facing stocks but the buying was broad-based in nature with almost 70% of stocks on the main board advancing. The sector which stood out the most to MM were the retailers with all 8 in the ASX 200 Retailing Sector advancing. While we own discretionary retail stocks across three of Market Matters portfolios, our
