Market Close 22 Nov 24: Aussie market nears another record high
Description
The Aussie market is inching toward record highs despite geopolitical tensions, with the ASX 200 up nearly 0.9% on Friday. Energy stocks led gains, boosted by rising oil prices following concerns over the Russia-Ukraine conflict. A2 Milk soared 13% after announcing its first-ever dividend, while WiseTech Global plunged 12% due to a software launch delay and lower profit growth expectations. Resolute Mining rebounded slightly after resolving a tax dispute in Mali, and Adore Beauty revealed plans to expand into physical retail, challenging giants like Mecca and Sephora. Investors now look to upcoming inflation data and Black Friday sales to shape market momentum heading into December.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.
United States
