Thanks afternoon crew.
End-of-day wrap:
The share market trimmed a losing month with a fourth day of gains following better-than-expected Chinese factory data.
The ASX 200 inched up eight points or 0.1% as Telstra, Wesfarmers and the big four banks advanced.
The major iron ore producers overcame early weakness after China's official measure of factory activity contracted for a fifth straight month, but by less than economists expected. The manufacturing purchasing managers' index improved to 49.7 this month from 49.3 in July. A separate measure of services sector activity was softer than anticipated.
This week's four-session win run was not enough to overcome weakness through the first half of the month. The ASX 200 ended August with a monthly loss of 105 points or 1.4%.
- Forums
- ASX - Day Trading
- Day traders' after-market lounge August 31
Day traders' after-market lounge August 31
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)