Australian stocks drifted 0.13% higher to end the week, helped by a reversal in bond yields overnight.

Australian stocks drifted 0.13% higher to end the week, helped by a reversal in bond yields overnight. Most of the previous session’s losses were recovered thanks to big gains in information technology, consumer discretionary and telecommunications. Financials and materials both closed lower, the latter impacted by acute weakness in base and precious metal prices overnight. Energy was the big laggard on the day, tumbling nearly 2% as a stronger greenback prompted profit taking in crude futures. Out top three VODs today are:

Buy, hold and a reject from Marcus Today

Henry's two stock picks ticking all the boxes

The Big Four bank trade is looking stretched


 

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