Local shares bounce back
Announcement posted by de2 Communications 30 Sep 2015
The Aussie market bounced back strongly today, after yesterday's wipe-out.
Bargain hunting and end of quarter window dressing saw all sectors bar utilities close higher, according to Chris Conway, Head of Research at the Australian Stock Report.
Financials, consumer staples and materials plays led the rebound, supported by teclos, property trusts and healthcare. The big four added at least 2% each, with Commonwealth Bank (CBA) the clear standout, jumping 3.7%.
According to Conway, the best of the miners was Fortescue (FMG) which soared 9%, whilst Rio Tinto (RIO) put on 4.5%. Wesfarmers (WES) and Woolworths (WOW) put on around 2.5% each.
It wasn't all sunshine however, with Mesoblast (MSB) down 8.9% and Santos (STO) off 7% to be the biggest losers on the ASX 200.
For the day, the index put on 103 points (+2.1%) - about half of yesterday's losses - to end at 5022.
For the month the index lost 3.6%, whilst for the quarter it tumbled 8%.
Bargain hunting and end of quarter window dressing saw all sectors bar utilities close higher, according to Chris Conway, Head of Research at the Australian Stock Report.
Financials, consumer staples and materials plays led the rebound, supported by teclos, property trusts and healthcare. The big four added at least 2% each, with Commonwealth Bank (CBA) the clear standout, jumping 3.7%.
According to Conway, the best of the miners was Fortescue (FMG) which soared 9%, whilst Rio Tinto (RIO) put on 4.5%. Wesfarmers (WES) and Woolworths (WOW) put on around 2.5% each.
It wasn't all sunshine however, with Mesoblast (MSB) down 8.9% and Santos (STO) off 7% to be the biggest losers on the ASX 200.
For the day, the index put on 103 points (+2.1%) - about half of yesterday's losses - to end at 5022.
For the month the index lost 3.6%, whilst for the quarter it tumbled 8%.