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CommSec Market Update

Market Close 28 Nov 24: Second record high of the week

28 Nov 2024

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The Aussie share market hit its second record high of the week, marking the 15th for the financial year, with gains driven by financials and healthcare stocks. Key standouts included Pro Medicus, surging 9% on a $330 million U.S. deal, and Sigma Healthcare, up 50% this month following a Chemist Warehouse merger. Meanwhile, Star Entertainment saw its shares tumble nearly 5% amid ongoing revenue challenges. Looking ahead, U.S. markets will be closed tomorrow for Thanksgiving, while a speech from RBA Governor Michelle Bullock and upcoming AGMs keep investors alert. 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.

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