ASX closes above 6500 in late rally

The ASX 200 index has gained 13 points or 0.2% to 5,799.6 – just failing to close above the key psychological level of 5,800. Over the week the index rose 0.4% – boosted by strong gains from the.

The benchmark S&P/ASX200 index closed up 24 points, or 0.37 per cent, to 6,500.1 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 19.7 points, or 0.3 per cent, to 6,584.4.

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The Australian share market has closed lower for the first time in seven days following losses by the mining, energy and financial sectors.. ASX finishes above 6,500 in late rally. aap 21 May 2019. ASX closes lower as energy stocks drop. aap 24 May 2019.

Investors will have plenty to smile about as the financial year draws to a close. get to 6500 by the end of this year and to 6650 by the middle of 2019. That implies a 7 per cent price gain for.

It’s been 10 years since the major S&P ASX 200 index closed above 6000 for the first time and around two years since the index last flirted with the key level. But if the current rally is any guide.

Data by YCharts While vanadium soared on the wave of vertiginous rally, LGORF outperformed both S&P 500 and the U.S. metals and mining industry. However, the recession fears and sell-off in the U.S..

The ASX 200 has extended yesterday’s 1.2% gain, rising 1.3% to a five week high of 5,484. It follows another stellar performance from US markets, where the Dow closed above 19,000 points for the.

The S&P/ASX. above 6,000 points for the first time since 2008, amid a backdrop of company tax reform in the United States and a broader outlook of global growth. Following a weak lead from Wall.

Australia: S&P/ASX 200 (.AXJO) unable to take a positive lead from Brexit developments, late rally australian shares rallied late to end a four-day losing streak on Thursday as the market digested the latest Brexit vote results and Chinese economic data. The S&P/ASX 200 Index rose 18.4 points, or 0.3 per cent, to 6179.6 while the [.]

I can’t really say how or where the rally started. sitting way above $8,150. I personally wouldn’t advise traders to enter even small positions in light of the recent price action. Support levels.

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