“Coming into this session today was all about waiting to see if the US House of Reps was going to vote on the bump up in stimulus and the market was initially buoyed by that.”
“The imminent UK approval of the Oxford Zeneca vaccine also gave market sentiment a boost,” she said.
She added that the big share price rises for underperforming stocks like Pinnacle Investment, Ardent Leisure and Galaxy Resources on no fresh news was “purely based on the fact that there is likely to be another vaccine approved this week and fresh stimulus.”
With only one full day of trading on the ASX before NYE a lot of the focus is on whether the markets will finish in positive territory for 2020. Ms Amir said the market should be able to finish the year “slightly higher”.
The Healthcare and Utilities sectors were only laggards in the session, which saw tech darling Afterpay’ shares hit a new record,…