The Australian market finished the week to Friday up 1.0% based on the S&P/ASX 200 Index. Small companies outperformed larger companies, with the Small Ordinaries Index finishing the period up 1.7%.
The best performer was the Information Technology sector, up 3.4%. Aconex Limited (ACX) led the performance rising by 14.1%.
The worst performer was the Consumer Staples sector, down 1.7% with Wesfarmers Limited (WES) and Woolworths Limited (WOW) down 3.9% and 0.8% respectively.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks