Market Wrap

Market Wrap – 28th June 2018

Market Summary The Australian market closed very slightly lower after a relatively choppy trading session on Wednesday. The main contributors to gains in the Australian market was the energy sector benefiting from the rise in oil prices the previous night, as well as technological stocks which recovered losses experience in the Tuesday trading session. Despite …

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Market Wrap – 27th June 2018

Market Summary The Australian market followed through on weaker performance globally the previous night, closing lower amid increased trade concerns (particularly with the United States and China). Interestingly, the 2018-embattled banking sector continued its resurgence, with the ‘big-four’ all closing in the positive on Tuesday.  Gains to the US market were led by the energy …

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Market Wrap – 26th June 2018

Market Summary Despite a relatively strong open, the Australian market closed lower on Monday, as the ‘big-four’ banks (in particular Commonwealth Bank of Australia) dragged the index down. To the contrary, the energy sector had a strong trading session on Monday after oil prices rose significantly overnight (following OPECs meeting, as highlighted in yesterday’s market …

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