|Data for week commencing 21 May 2018|
In a week when Donald Trump unwound a lot of his good work with China, North Korea and Wall Street, the S&P/ASX 200 index lost 4.3 points on Friday to end at 6032.8. For the week, however, the Index shed 54.6 points (or 0.9%). And considering the headwinds, it wasn’t a bad effort.
Throw in the fact that the ‘banks behaving badly’ nightmare continues, giving the Royal Commission relevance, while hurting their stock prices. To make matters worse, Telstra plummeted to a seven-year low! For the record, the low was $2.72 but the bargain hunters started to give Andy Penn the benefit of the doubt, which is considerable, so the stock ended at $2.87.