|Data for week commencing 21 January 2019|
A surprisingly strong trading session on Friday took the S&P/ASX 200 index to a two-month high of 5905, after rising 39 points (or 0.68%) on the last day of the week. And as Paul Rickard and James Dunn predicted in this Report a few weeks ago, interest rate sensitive stocks are in favour, as bond yields are still on the slide.
However, one income-related stock, AMP, had a shocker, after the company announced the final half-year dividend would be cut from 14 cents to 4 cents to cover ‘fix up’ fees for remedying its past mistakes with customers. The Royal Commission strikes again.