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CommSec Market Update

Market Close 11 May 23: Lithium miners dominate winners list

11 May 2023

Description

Join Steve and Laura as they give you today’s closing market updates. Unsurprisingly, the market is down for the third straight day, but not by much! Allkem was on top today after news of it's merger. 6 of the 11 sectors were up today, with Tech performing the strongest and Utilities the worst. Westpac fell after trading ex-dividend and weighed on the financials sector. UK Banks to announce its interest rate decision tonight. Finally, the market has been following a trend of performing badly in the morning and lifting in the arvo, will we be able to cross over to positive territory tomorrow? 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 adviceSee omnystudio.com/listener for privacy information.

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