Afternoon trading September 4

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    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.

 
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