The ASX saw a modest rise during trade on Friday but finished the week 1.3pc lower after a tumultuous start, while the RBA says there is a small, increasing share of homeowners in financial stress.
The ASX might have managed to finish up 0.4% to 6,954 points at the close of trade today, but it wasn't enough to negate the losses earlier in the week. All up, the ASX shed 1.3% for the week, and is the first time it closed below 7,000 points for the week since March 24. Looking at the sectors, and a jump in financials and basic materials led the daily rise, followed by industrials and consumer non-cyclicals .
The remaining sectors also finished down: Technology , healthcare , consumer non-cyclicals and academic and educational services . The best performers for the day: Ramelius Resources +6% De Grey Mining +3.2% QBE Insurance +2.7% Evolution Mining -2.5% Aristocrat Leisure +2.4% And the worst performers: Magellan -18.5% PEXA -7.4% Core Lithium -5.4% Chalice Mining -5.3% IGO -4.4% And that brings the blog to a close for the day — and the week. Thanks for joining us.