A record high for the ASX 200 today, closing up 0.6% at 7,260.1. Energy, tech, utilities and banks the big winners, helping the local bourse to outperform its regional counterparts.

A record high for the ASX 200 today, closing up 0.6% at 7,260.1. Energy, tech, utilities and banks the big winners, helping the local bourse to outperform its regional counterparts. Consumer discretionary and gold were the only areas of the market not to feel the love. Wesfarmers played a part in the performance of the former, dipping 2.1% after its investor day at which it flagged that volatility in retail sales would be lingering for a while yet. On the plus side, the company's pivot to lithium comes as Tesla announces it will buy more than $1 billion of Australian battery metals per year. Our top three VODs today are:

Dan's guide to investing ahead of a taper tantrum

From lumber to lithium, diversity the key for Wesfarmers

"Confounded"; Dean Fergie on the IPO pipeline and Macquarie's latest loser


 

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