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1.Market Observations

20 Oct 2018 (AFR) – ASX closes week higher despite global equities sell-off

(20 October 2018, AFR, p33, by William McInnes)

Markets roundup past 5 days (Bloomberg)

Markets roundup past five days (Bloomberg)

‘Australian shares closed the week higher on a mixed week of trading for the local sharemarket. The S&P/ASX 200 index closed the week 43.8 points, or 0.7 per cent, higher at 5939.5, while the broader All Ordinaries lifted 32.1 points to 6042.7. The financial sector recorded its best result in four weeks, led by Westpac which rose 1.5 per cent to $26.85. Commonwealth Bank closed the week 1.3 per cent higher at $67.92 and AMP advanced 6.2 per cent to $3.24. ‘

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