Market Close 29 Nov 24: Second best month of the year

The Aussie market wrapped up November on a mixed note, dipping slightly by 0.1% but still securing its second-best month of the year with a 3.3% gain. Despite a sluggish day influenced by the U.S. Thanksgiving holiday, the materials sector led a late recovery, offsetting losses from other sectors. Highlights included Webjet's rollercoaster ride amid legal troubles, Star Entertainment's all-time low after years of decline, and Resolute Mining's struggles following a major settlement in Mali. With Black Friday sales kicking off, the holiday shopping season is expected to shape retail performance, while upcoming data from China and the U.S., along with an OPEC+ meeting, will provide critical market insights in the week ahead.   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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