ASX closes above 6500 in late rally

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Pengana closed out its first week on the ASX flat at $1.25. The week ahead. In the coming week there is one event that stands head and shoulders above all others with the Reserve Bank board’s May meeting on Tuesday set to change the tone on money and share markets.

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The S &P/ASX 200 Index closed at 6014.3 points on Tuesday, up 1 per cent, in a low-volume session lifted by a rally in energy prices that fuelled buying in BHP Billiton, Santos, Woodside Petroleum.

Australia: S&P/ASX 200 (.AXJO) relief rally and rotation in equities sparked by the election outcome was given a further boost Australian shares closed higher for a sixth straight session on Wednesday, as the market rebounded from a loss during morning trade for the second time in as many days and extended its 11-year high.

ASX closes at 12-year high as RBA, APRA spur bank rally while dollar slides. against 110.04 yen in New york late monday.. It said its current guidance also indicates that a prudent ADI.

The benchmark S&P/ASX200 index closed up 24 points, or 0.37 per cent, to 6,500.1 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 19.7 points, or 0.3 per cent, to 6,584.4. The banking sector was the biggest gainer, up 1.71 per cent, after the Reserve Bank of Australia indicated it would likely cut interest rates, possibly as soon as June.

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ASX closes above 6500 in late rally The S&P/ASX 200 has closed above 6500 points for the first time in 11 years on another rally in financial stocks. amp video_youtube May 20

ASX Closes above 6,500, Singapore Index Falls WRITTEN BY Mayur Sontakke, CFA, FRM After rising 1.74% on May 20 on the back of a surprise election victory for Scott Morrison, Australia’s S&P/ASX.

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Australian shares are poised to rise, bolstered by a rally on Wall. The S&P/ASX 200 index fell 178.9 points, or 2.7 per.

The benchmark S&P/ASX200 index closed up 24 points, or 0.37 per cent, to 6,500.1 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 19.7 points, or 0.3 per cent, to 6,584.4.

Citi’s Australian equity strategist, Tony Brennan, yesterday increased his year-end forecast for the S&P/ASX 200 to 6500 points, more than 5 per cent above yesterday’s closing level, and.

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