Evening Market Watch: Good Day Out


Evening Market Watch: Good Day Out

Evening Market Watch: Good Day Out

The Australian market started the week on a strong note, following on from positive leads provided by international markets on Friday night.

All sectors finished in positive territory; materials and property stocks were collectively the largest percentage gainers.

The major banks were stronger on the day; CBA and ANZ were the best performers, putting on 0.7% and 1.1% respectively.
NAB underperformed its peers, only adding 0.3% following its disappointing first quarter trading update.

The mining majors advanced on the back of higher commodity prices; BHP jumped 1.9% whilst rival Rio Tinto climbed 1.4%.

The ASX 200 added 35 points (+0.8%) to close at 4397.

The market was up 1.4% for the month of April.

 

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