Thanks afternoon crew. Ugly session in spec-land. Widespread selling. Not often the performance gap between the top and bottom ends is as wide as it was today. More than 25 stocks suffered declines of at least 20% today. That's not normal. I did some money looking for rebounds that never eventuated. Expensive day at the races. Hope others fared better.
.
End-of-day wrap:
A two-speed share market saw speculative stocks sink to two-month lows even as the top end logged solid gains.
The Emerging Companies Index (XEC), a traditional measure of risk appetite, slumped 1.21% to its worst close since late June. The Small Ordinaries also missed the upswing, easing 0.04%.
The riskier end of the market struggled as investors favoured traditional havens. Healthcare was the pick of the sectors as the ASX 200 rallied 45 points or 0.63%. Utilities, gold miners and banks also rose.
US futures nudged higher in Sunday night trade. S&P 500 futures crept up 0.16%.
- Forums
- ASX - Day Trading
- Day traders' after-market lounge August 28
Day traders' after-market lounge August 28
-
-
- There are more pages in this discussion • 31 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
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online