End of Day Report – Tuesday 29 September: ASX 200 jumps 30 pts after RBA raises rates - Resources firm - Tech in demand - Banks steady
Market UpdatesShow Notes
The ASX 200 rose 30pts to 8709 (0.3%) after the RBA raised rates by 25 basis points, which has been well and truly priced into the market. After an initial dip, the market pushed a little higher. The banking sector was a little weaker, with CBA down 0.8%. The Big Bank Basket fell to $262.85 (-0.3%). Although the insurance sector was mixed, other financials again were mixed as well, with MQG pushing up another 0.9% and a recovery in the likes of PNI and NGI. Industrials were mostly firm, with ...
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