ASX200 closes out week with strong finish despite slow start
The ASX200 climbed 89 points to reach an end of week daily high of 5964.90, up 1.5% for the day.
This run was largely fueled by the banks which drew a great deal of investor attention, adding a combined $14.50 billion.
Westpac was the greatest beneficiary from this rally gaining an impressive 7.39% by the end of days trading.
Gainers and Losers
The biggest gainers on Friday were:
- Whitehaven Coal +8% to $1.01
- Westpac +7.4% to $17.58
- NAB +6.9% to $18.37
- ANZ +6.3% to $17.93
- Bendigo and Adelaide Bank +4.8% to $6.38
The biggest declines were:
- Monadelphous Group -4% to $10.30
- Flight Centre -3.1% to $13.20
- Tassal -3% to $3.53
- nib Holdings -2.3% to $4.23
- Perenti Global -2.1% to $1.17
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This article does not take into account the investment objectives, financial situation or needs of a particular person or entity. Before acting on any investment strategy or advice you should first consult with your current ASIC accredited investment professional or seek out a compliant investment professional for such.