Santa Rally remains Intact
What Mattered Today
Another new high closed for the year on the market today, on December Equity Options Expiry – with our ideal sell levels on some of our holdings approaching ever so closer. The Financials remained to be the main support for the broader market’s close with volume fading, down ~31% from the 20 day average.
Macquarie Group (MQG) continues to beef up its assets, after announcing a £1.6B deal was struck to purchase half of a major offshore wind farm in the UK. MQG closed $0.93 higher, or +1.07% at $87.68.
Macquarie Group (MQG) Daily Chart
ASX 200 Intra-Day Chart
ASX 200 Daily Chart
We had a range today of +/- 41 points, a low of 5,603 and a close on its high of 5,644, up +30pts or +0.54%.
Sectors
ASX 200 Movers
What Matters Overseas
FUTURES marginally lower….
Disclosure
Market Matters may hold stocks mentioned in this report. Subscribers can view a full list of holdings on the website by clicking here. Positions are updated each Friday.
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All figures contained from sources believed to be accurate. Market Matters does not make any representation of warranty as to the accuracy of the figures and disclaims any liability resulting from any inaccuracy. Prices as at 22/12/2016. 4.30PM.
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