|Data for week commencing 15 October 2018|
If you had to guess, would you have expected our stock market to actually rise over the week? Yep, we were up 43.8 points (or 0.7%) on the S&P/ASX 200 index, to close out at 5939.5. And we can thank financial stocks, which did OK, considering the pressure they’ve been under since the Royal Commission took aim.
Have a look at these results, which make me happy, as I did tip to you that they look over-beaten up. CBA was up 1.3%, Westpac 1.5%, and what about AMP putting on 6.2%! When I suggested recently that this was one for the speculators, Paul Rickard reminded me of that great British TV show Yes Minister, saying to me: “Brave decision, Minister!”