The ASX surged to fresh all-time highs on Friday, taking the index up +1.3% for the week and 3.4% for the year, a solid performance considering some of the big names trading ex-dividend last week. The Financial and Real Estate Sectors led the index higher while the Energy and Materials names both slipped ~0.7%; as we’ve said a number of times in 2024, the relative performance song remains the same. On the stock level, the banks led the line with heavyweight CBA making fresh all-time highs assisted by the tailwind of the takeover bid for VUK, while real estate and gold also enjoyed strong weeks:
Relevant suggested news and content from the site
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.
Really bullish, there's more to go in the reflation rally
Please enter your login details
To reset your password, enter your email address
A link to create a new password will be sent to the email address you have registered to your account.
Enter and confirm your new password
Congratulations your password has been reset
Sorry, but your key is expired.
Sorry, but your key is invalid.
Something go wrong.
Only available to Market Matters members
Hi, this is only available to members. Join today and access the latest views on the latest developments from a professional money manager.
Smart Phone App
Our Smart Phone App will give you access to much of our content and notifications. Download for free today.