You are viewing:-
you're reading...
1.Market Observations

29 Oct 2016 (AFR) – ASX suffers worst week since June – Investors dump yield stocks in torrid week for ASX

(29 October 2016, AFR, p27, by Jessica Sier)

‘Investors dumped high-yield defensive stocks this week and punished a spate of companies that delivered disappointing earnings updates, delivering the sharemarket its largest weekly drop since June. Consumer staples and healthcare stocks weighed the heaviest, with materials the lone bright spot, as commodity prices continued to firm.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: