Thanks @shovel40, @Fiji1 and morning crew.
Half-time wrap:
The share market scaled a three-week high as strength in resource stocks offset weakness among tech and consumer stocks.
The ASX 200 overcame Friday's setback by rising 31 points or 0.43% to its strongest level since August 11.
Hopes for a stimulus-fuelled recovery in Chinese demand for raw materials and fuel helped lift the materials sector 1.6% and energy 1.5%. Also trading ahead were property companies, telcos and most of the banks.
Significant drags included Fortescue Metals (ex-div), Wesfarmers and the supermarkets. Kiwi casino group SkyCity Entertainment crashed 14.75% after the New Zealand government asked the regulator to suspend the company's licence to operate.
Wall Street is closed tonight for Labor Day. S&P 500 futures were predictably subdued across the long holiday weekend, inching up 0.04%.Personal trading: Squandered a big chance at the open by not buying enough LLL and taking a profit too quickly. Still, a profit is a profit. Took AW1 at 25c.
- Forums
- ASX - Day Trading
- Afternoon trading September 4
Afternoon trading September 4
-
- There are more pages in this discussion • 150 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online