AU Evening Wrap: ASX 200 Closes Out Solid Recovery Week With Another Gain as Energy, Uranium, and Gold Stocks Star
Market Performance
Australia's $S&P/ASX 200(.XJO.AU$ closed 0.35% higher at 7749.0, rounding out a third consecutive weekly gain. The benchmark index rebounded from the prior session's sell-off to spend the whole of Friday's session in the black, building on a positive lead by U.S. equities.
Bank shares were again among the gainers, with $CommBank(CBA.AU$, $National Australia Bank Ltd(NAB.AU$, $ANZ Group Holdings Ltd(ANZ.AU$ and $Westpac Banking Corp(WBC.AU$ adding between 0.4% and 1.3%. Insurer $QBE Insurance Group Ltd(QBE.AU$ edged 0.1% higher after reaffirming its annual guidance. The materials sector lost 0.1% as weakness among iron-ore stocks offset gains by gold miners. $Rio Tinto Ltd(RIO.AU$, $BHP Group Ltd(BHP.AU$ and $Fortescue Ltd(FMG.AU$ slipped between 0.2% and 0.8% lower. The ASX 200 is now on its longest run of weekly gains since December.
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Source: Dow Jones Newswires, AFR, ASX
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