Local shares ends bullish week with gains

The Aussie stock market rounded out a relatively bullish week with a fourth consecutive session of gains.

Chris Conway, Head of Research at Australian Stock Report said, “Positive moves in financials and materials, were enough to overcome weakness in healthcare, energy and telecommunications.”

“The top end of town did all the heavy lifting with all of the big four continuing their impressive streak,” he added.

According to Conway, Commonwealth Bank (CBA) and Westpac (WBC) were the best performers, putting on 0.9% each.

Among the big miners, BHP Billiton (BHP) was the best of the lot adding 0.4% after crashing 11% last week.

At the other end of the spectrum, the biggest losers on the day were Slater & Gordon Limited (SGH) and Primary Healthcare (PRY) losing 12% and 8% respectively.

On the day the ASX 200 added advanced 14 points (+0.3%) to settle at 5,256.