XJO Index – Telstra up 6.9% for the week

The S&P/ASX 200 Index finished the week to Friday up 1.3%. 

The best performer was the Telecoms sector, up 6.1%. Telstra Corporation led the performance rising by 6.9%.

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The worst performer was the Materials sector, down 1.2%.

Stay long the XJO index with a stop loss below 6174.

 

 

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