Australian market finished the week…

Australian market finished the week…

S&P200 XJO.ASX finished the week up 2.6%.

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The best performer was the Materials sector + 5.4%. Fortescue Metals Group FMG.ASX outperformed rising 11.0%. Information Technology  lagged, weighed down Computershare Ltd selling off over 6%.

As a reminder CPU was one of our short trade recommendations, to read more on CPU, click the “tags” section in the right column.

 

 

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
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks