AU Evening Wrap: Record retail sales help market seal weekly rise
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• ASX 200 closed closed up Friday, gaining 1.08% to 7,182.70 and crossing above its 20-day moving average.
• Top gainers: $Tabcorp Holdings Ltd (TAH.AU)$, $Paladin Energy Ltd (PDN.AU)$, $Credit Corp Group Ltd (CCP.AU)$
• Top losers: $Incitec Pivot Ltd (IPL.AU)$, $Chorus Ltd (CNU.AU)$, $Nine Entertainment Co. Holdings Ltd (NEC.AU)$
- moomoo News AU
Energy producers, retailers and miners fired the ASX to its strongest close in a week and a half following record April retail sales and strong gains on Wall Street.
The $S&P/ASX 200 (.XJO.AU)$ climbed 77 points or 1.08 per cent. The advance secured a second straight weekly advance as fears of a global slowdown temporarily subsided.
Wall Street's main indices surged overnight when upbeat retail earnings calmed concerns about the health of the US consumer.
Retailers pared a losing week. Conglomerate $Wesfarmers Ltd (WES.AU)$ rallied 1.63 per cent. Online clothing store $City Chic Collective Ltd (CCX.AU)$ firmed 7.96 per cent.
Energy and mining stocks also booked solid gains as crude oil and iron ore rebounded.
Retailers pared a losing week. Conglomerate $Wesfarmers Ltd (WES.AU)$ rallied 1.63 per cent. Online clothing store $City Chic Collective Ltd (CCX.AU)$ firmed 7.96 per cent.
Energy and mining stocks also booked solid gains as crude oil and iron ore rebounded.
Lithium miners provided some of the day's best performers. $Liontown Resources Ltd (LTR.AU)$ improved 3.12 per cent, $Pilbara Minerals Ltd (PLS.AU)$ 3.56 per cent and $Allkem Ltd (AKE.AU)$ 3.85 per cent.
S&P/ASX 200 Movers for Friday (27/5)
How to find the above information in moomoo app:
1. Open moomoo app
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
2. Search for and tap on ".XJO"
3. Roll down to see "Constituent Stocks"
4. You can filter the list based on "%Chg"
10 Top-Traded AU Stocks for Friday (27/5)
How to find the above information in moomoo app:
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: The Market Herald
1. Open moomoo app
2. Tap your finger on "Market" and "AU"
3. Roll down and tap on "Main Board"
4. You can filter the list based on "Turnover"
Source: The Market Herald
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