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Positive leads on both European and US bourses paved the way for some upside momentum on the Aussie 200 index, despite Gold, Silver and Crude oil falling. In addition, we had a really bad GDP read, which saw growth for the year hit 2.7%, with the 3rd quarter delivering a mere 0.3 per cent gain, versus an expectation of 0.7. The optimism behind the Aussie 200 index did not carry over to the Aussie Dollar, which hit fresh recent lows at 0.8387, largely fuelled by the disappointing GDP read.
How did the Aussie market perform today?
S&P/ASX200 gained 40.5 points or +0.76% on volume of $4.99 billion, closing at 5321.8.
Australian sector watch
Looking over the charts
Chart Courtesy of Invast MT4
ASX top 200 stock analysis
40% of stocks are showing oversold levels, 14% are showing overbought levels and 43% of stocks are currently above their long term moving average as of close of trading today. View the image below to better understand overbought and oversold levels.
S&P/ASX 200 Gainers and Losers
Top 5 gainers:
Top 5 Losers:
Please note that these are our initial impressions and that it is important to read all disclaimers on this website when considering the information. If you would like to discuss further please contact:
Ashley Jessen
Director of Communications
Email: ashley_jessen@invast.com.au
Phone: 02 8036 7567
Wednesday, 03 Dec, 2014 / 7:27
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