The local bourse has clawed back some early losses to finish slightly weaker. The market was trading lower by as much as 0.9% early in the session, following a selloff on Wall Street on the back of news Omicron had been detected in California. The ASX 200 (XJO) finished down 10 points or 0.2% to 7,225. The market was buoyed by a turnaround in the financial sector, which climbed 0.6%, as well as gains in the Utilities, Industrials and Consumer Discretionary sectors.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Morning Report 13 Nov 22: US sharemarkets rebounded on Monday
Market Close 12 Dec 22: ASX 200 slips as last big week of 2022 kicks off
Morning Report 12 Dec 22: US sharemarkets tumbled on Friday
Market Close 9 Dec 22: ASX 200 snaps 3-day losing streak
Morning Report 9 Dec 22: US sharemarkets were firmer on Thursday
Market Close 8 Dec 22: ASX 200 slides for 3rd day
Morning Report 8 Dec 22: S&P500 slides for 5th day
Market Close 7 Dec 22: ASX 200 falls for second straight day
Morning Report 7 Dec 22: US sharemarkets fell on Tuesday
Market Close 6 Dec 22: ASX 200 slips after RBA flags more rate hikes
Executive Series 22 Nov 22: Tribeca Investment Partners Portfolio Manager, Jun Bei Liu ID
Morning Report 6 Dec 22: US sharemarkets fell on Monday
Market Close 5 Dec 22: ASX 200 remains near 7-month high
Morning Report 5 Dec 22: US sharemarkets ended mixed on Friday
Market Close 2 Dec 22: ASX 200 snaps 3 days of gains
Month in Review Nov 2022: ASX 200 adds 6.1%
Morning Report 2 Dec 22: US sharemarkets were mixed on Thursday
Market Close 1 Dec 22: ASX 200 rallies on inflation report
Morning Report 1 Dec 22: US sharemarkets lifted strongly on Wednesday
Market Close 30 Nov 22: ASX 200 rallies on inflation report
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