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24 Mar 2022, 9:33 pm
Quote:
Investors’ cautious confidence sees ASX 200 round off best week in 12 months
The Australian sharemarket has wrapped up its best week in more than a year, with local investors positive despite global tensions.
Catie McLeod
March 18, 2022
Australian investors’ continued cautious optimism saw the sharemarket lift for a third straight session to finish off its best week in more than a year.
The price of shares in eight of 11 sectors rose on Friday despite global uncertainty over the war in Ukraine, rate hikes in the United States and snowballing coronavirus cases in China.
With energy and tech stocks leading the pack, the benchmark ASX 200 rose by 43.6 points or 0.6 per cent to close at 7294.4 points.
The broader All Ordinaries rose by 49.6 points, or 0.66 per cent, to close at 7571.2 points, while the Australian dollar remained fairly steady at 73.82 US cents.
Strong commodity prices helped the index make a fairly strong finish to a very strong week, which rose by 3.3 per cent over the five days – the largest such increase in more than a year.
The Australian sharemarket has wrapped up its best week in more than a year, with local investors positive despite global tensions.
Catie McLeod
March 18, 2022
Australian investors’ continued cautious optimism saw the sharemarket lift for a third straight session to finish off its best week in more than a year.
The price of shares in eight of 11 sectors rose on Friday despite global uncertainty over the war in Ukraine, rate hikes in the United States and snowballing coronavirus cases in China.
With energy and tech stocks leading the pack, the benchmark ASX 200 rose by 43.6 points or 0.6 per cent to close at 7294.4 points.
The broader All Ordinaries rose by 49.6 points, or 0.66 per cent, to close at 7571.2 points, while the Australian dollar remained fairly steady at 73.82 US cents.
Strong commodity prices helped the index make a fairly strong finish to a very strong week, which rose by 3.3 per cent over the five days – the largest such increase in more than a year.
And in the last week, it has improved big time.
"Interesting"
25 Mar 2022, 5:46 am
