Evening Wrap: ASX 200 sees soggy end to week, but gold and uranium stocks just magnificent

Today in Review

Major market moves Markets

ASX 200 Session Chart The S&P/ASX 200 ( XJO ) finished 25.5 points higher at 7,788.1, 0.29% from its session low and 0.33% from its high/low. In the broader-based S&P/ASX 300 ( XKO ), advancers lagged decliners by a dismal 103 to 172. For the week, the XJO squeaked out a 14.8 point gain or just 0.19%.

The Gold ( XGD ) (+1.5%) sub-index was the best performing sector for the second time this week (bookending Monday’s strong performance). It’s been there or thereabouts all week, though, and this is no surprise given continued strength in the gold price. The Gold sector was up 4.7% for the week. Gold stocks finished the week as they started it Whilst not an official sub-sector, uranium stocks deserve a shout out today . They were quite magnificent with solid gains across each of the majors. […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet