Supply Chain Council of European Union | Scceu.org
Supply Chain Risk

Markets Live, Tuesday 26 November

The S&P/ASX 200 closed 56.1 points higher at 6787, a gain of 0.8 per cent, the best one-day performance since Friday 15 November.  Volumes were very high today at 1 billion, but this is likely due to a rebalance of the MSCI Global Index that swapped in and out several companies from its global indices. Passive fund managers must follow these lists and have to buy or sell by the end of today to match the new order. The companies with the highest volumes today were part of the rebalance, such as Qantas and Avita Medical. Full details can be found here

Overall the best performing sector today was healthcare, up 2 per cent, thanks to a 2.3 per cent rise to CSL, which ended the day at $279.73, a 1.2 per cent rise in Sonic Healthcare, and a 6.1 per cent rise in Avita Medical to 61¢. 

The financials sector gained 0.8 per cent and added the most points, thanks to gains of 1.7 per cent in Westpac to $24.86, 1 per cent in Commonwealth Bank to $80.74, and 2 per cent rise in QBE Insurance to $12.46. 

The consumer discretionary sector was the only was to close lower, down 0.1 per cent, largely due to a 0.6 per cent fall in Wesfarmers and a 0.2 per cent fall in Aristocrat Leisure. Both companies have been trading at historical highs lately. 

Related posts

Britain on collision course with EU over trade rules in Brexit talks – The Times

scceu

Is Libya too big of a foreign policy challenge for Erdoğan?

scceu

Warehouse employment is at an all-time high

scceu
`