ASX closes above 6500 in late rally

ASX Closes above 6,500, Singapore Index Falls WRITTEN BY Mayur Sontakke, CFA, FRM After rising 1.74% on May 20 on the back of a surprise election victory for Scott Morrison, Australia’s S&P/ASX.

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) has finished the week above 6,000 points for the first time since 2008, amid a backdrop of company tax reform in the United States and a broader outlook.

Bullishness was also dented in late Friday trade on news that Iran. backing-up a week where the local market closed.

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Indeed, share investors (absent a nasty crash, of course) will have an increasingly more positive story to tell in the coming years as we roll the 10-year performance numbers from the highs of the.

Benefiting from a surge on Wall Street, the S&P/ASX 200 jumped in early trade, peaking just above 5800. at $US1225/ounce in late trade. The effect on ASX-listed gold miners was electric. Sovereign.

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CBA helps ASX hold above 6000 as resources rally stalls.. The Australian dollar was trading at US76.53 cents in late afternoon trading.. which rallied to close to its strongest level since.

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Any decisive closing below 10,530 will trigger a sharp sell. On the other side, 10,875-10,920 will be a strong supply zone and only sustainable move above this range will bring some relief rally to.

The benchmark S&P/ASX200 index closed up 24 points, or 0.37 per cent, to 6,500.1 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 19.7 points, or 0.3 per cent, to 6,584.4.

Australia: S&P/ASX 200 (.AXJO) relief rally and rotation in equities sparked by the election outcome was given a further boost Australian shares closed higher for a sixth straight session on Wednesday, as the market rebounded from a loss during morning trade for the second time in as many days and extended its 11-year high.

The Australian share market has set a fresh 11 1/2-year high, closing just above 6,500.. ASX finishes above 6,500 in late rally. derek rose. australian Associated Press. 21 May 2019. Reblog. Share. Tweet. Share. The futures market is pointing to a fall at the start of trade.

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