It was a cautious performance from our share market today, lifting by roughly a tenth of a percent and actually giving back most of this morning’s more significant gains when we’re actually closing in on a seven week high.
The good news is that despite the long list of global uncertainties and what could be the Reserve Bank’s fifth rate hike of the year next Tuesday, the Aussie market still improved this week, over the month and is positive in 2026.
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Supermarket chain Coal slumped today though, having one of its worst weeks in years after a disappointing update which highlighted modest supermarket sales growth over the past few months.
It’s been trailing behind rival Woolies, which has benefited from its Ush’s Collectibles campaign.
Lithium miners have been among the hardest hit this month due to a decline in the price of the battery ingredient. Shares in PLS, which is one of the country’s biggest producers, have halved in just two months.
Retailers bounced back today from a challenging Thursday when a number of key names like JB Hi-Fi and Bunnings owner Westfarm has warned of a recent slowdown.
The Aussie dollar buys 70.3 US cents.
This article is published as part of a paid partnership with the CommSec.
Facts and dates are correct at the time of publication. This is general information only and does not constitute personal financial advice. Consider seeking advice from a qualified financial professional before making financial decisions.
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