Market Close 26 Sep 24: Best day in two weeks

CommSec Market Update

The ASX 200 saw its first rise of the week, nearly recouping earlier losses and approaching a record high. The materials sector, benefiting from China's stimulus, surged, while financials rebounded slightly after a rough start to the week. Consumer discretionary stocks also performed well, led by Aristocrat Leisure, which hit an all-time high. Meanwhile, the energy sector struggled due to falling oil prices. Brickworks saw significant gains despite posting a loss, largely due to its long-standing dividend growth. Tomorrow will be a major day for dividend payments, with CBA and Fortescue leading the pack.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.