Small lift for ASX to head back towards 9-month highs

Australia’s S&P/ASX 200 share index added 0.3% to leave it ahead 0.5% for the week and marking the fifth straight week of gains.

The banks were back performing after a flat day yesterday with ANZ up 1.26% and Commonwealth Bank adding 0.78%.

BHP and Rio Tinto also managed to extend their gains from yesterday as they continue to capitalise on the rising iron ore price.

Gainers and Losers

The biggest gainers on Friday were:

  • Whitehaven Coal +8.1%
  • Janus Henderson Group +7.2%
  • Polynovo +6%
  • OZ Minerals +4%
  • Treasury Wines +3.9%

The biggest declines were:

  • Regis Resources -4.3%
  • Qantas -4%
  • IDP Education -3.9%
  • Fisher and Paykel -3.5%
  • Ansell -3.3%

New to investing? Read about How to keep your investment decisions simple.

Disclaimer:
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.