Investors buy dip to finish 0.2% higher for the day

Australian investors bought an early morning dip in the market (down 0.5% at one point) to see the ASX close 0.2% higher for the day to reach 6547.20 points.

The banks once again feature on this roundup, stealing the spotlight from today’s trading with the four major banks all up around 2%. Clearly, investors continue to find value in the banks which historically recover quite strongly post-recession.

Afterpay (APT) also had a strong day, up 3.38%.

Gainers and Losers

The biggest gainers on Thursday were:

  • ALS Ltd +7.9%
  • Perpetual 7.6%
  • Virgin Money UK +5.5%
  • BlueScope Steel +5.3%
  • EML Payments +5%

The biggest declines were:

  • Elders Ltd -4.5%
  • Reliance Worldwide -4%
  • QBE Insurance -3.9%
  • United Malt Group -3.4%
  • Sandfire Resources -3%

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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.