Day traders' weekend lounge June 21 - 23

Thanks afternoon crew. Not much of a week for me, personally, with that midweek US market holiday robbing the market here of much of its direction and volatility. Hope to see a bit more movement next week.


End-of-day summary:

The share market added to its tally for the week as a record for the financial sector helped offset bad news from retailers and a mixed day for the miners.

The ASX 200 put on 27 points or 0.34% for the day and 72 points or 0.93% for the week. Most of the week's gains came on Tuesday when the index popped 1% after the Reserve Bank left the cash rate unchanged.

The financial sector has provided much of the momentum this month while the other "pillar" of the index, the materials sector, dived to an eight-month low. Financials hit a new high this morning before profit-taking briefly interrupted the rally. The sector finished 0.17% ahead during a V-shaped session.

Retailers KMD Brands and Mosaic Brands slumped after disappointing sales updates. Outdoor and surf retailer KMD shed 7.69%. Mosaic, owner of the Noni B and Millers brands, dropped 12%.

US stocks finished mixed overnight as trade resumed after Wednesday's Juneteenth holiday. The Dow gained 0.77%. A reversal in Nvidia helped pull the S&P 500 down 0.25% and the Nasdaq down 0.79%.