ASX Papertrading Weekly Leaderboard Update: Who are topping the Week 3 chart?

Moomoo AU wrote a column · May 27, 2024 05:28

As the 2024 Papertrading Challenge continues, we're eager to share the current standings on the Australian stock papertrading leaderboard.

Without further ado, congratulations to the top 10 mooers who topped the leaderboard!

@Hojubu @Vortekh @P u f f a g i r l @neilbryan03 @JackMa0910 @151170667 @CoolShiba @无为而治_151737923 @151435752 @151315661

Some winners shared their profits in the moomoo community, let us appreciate their highlights together!
@MooMamaLlama @Praphul @Surf At Risk @Pinkiii

ASX Papertrading Weekly Leaderboard Update: Who are topping the Week 3 chart?

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In this week's special edition of the weekly outlook, our market strategist, @Jessica Amir shares some of what she presented on ABC News Radio.

Market sentiment seems bullish, as inflation is expected to ease.

Locally in Australia, the same narrative on easing inflation is expected to play out here too, with CPI tipped to decline in April (falling from 3.5% YoY to 3.4%). This is positive for Aussie equities. Even though the RBA is not expected to cut rates this year, or hike for that matter, the RBA seems to be stuck in a Goldilocks moment. However, their language could flip back to dovish and erase their prior thinking that rates needed to rise.

Commodity risk-on sentiment to jet pack higher on China's AI push.

Also supporting the Aussie market, China announced its largest-ever semiconductor investment fund, at a time when its economy is growing quicker than expected, which is yet another positive tailwind for commodity prices and Aussie miners.

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Here is the US Stocks Papertrading Weekly Leaderboard Update>>>

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