Dash for trash 🗑️
A quiet session characterised by weak volumes and limited news flow. There’ll be plenty of the latter next week when reporting season gets into full swing. Materials, consumer and healthcare led the way, a motley crew that fit nicely with the overall tone of the session. Gains were kept in check by steep falls across the energy sector, mirroring similar moves in the energy complex overnight. Tech was also softer, in part due to weakness in Block following a disappointing earnings report. On the upside, Novonix and Life360 led the charge, soaring 13.8% and 6.7% respectively on zero news. The more speculative end of market continues to run hot. Underling the point, Pointsbet added another cool 4%. Seems plenty think it’s worth the punt. Gold and lithium miners were also prominent atop the leader board. The S&P/ASX 200 added 0.58% to 7015.6, logging the highest close since early June. Over the week, it climbed 1%.
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