The Australian market pushes higher with sixth consecutive day of gains

Australia’s S&P/ASX 200 share index added nearly 3o points today, up 0.50% to reach its sixth straight day of gains and continuing on from its streak from last week.

It should also be noted that this is the best close since August 25th, showing promising signs for investors as the market recovers from its March lows.

The banks had another strong day, dragging the index up with them with ANZ and Westpac closing up just under 2% respectively. Tech stocks also continue to trend upwards with Afterpay breaking back above the $90 threshold to an even $92, up 2.78%.

 

Gainers and Losers

The biggest gainers were:

  • Link Admin Holdings +25.1% to $4.99
  • Bravura Solutions +8.9% to $3.68
  • Zip Co +5.7% to $7.99
  • G8 Education +4.8% to $1.10
  • Evolution Mining +3.7% to $6.12

The biggest declines were:

  • Whitehaven Coal -5.7% to 99 cents
  • Orica -3.2% to $16.11
  • Cleanaway -2.6% to $2.24
  • Aurizon Holdings -2.1% to $4.22
  • Crown Resorts -2% to $8.80

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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.