CommSec Market UpdateCommSec Market Update

Market Close 30 Sep 24: Record highs to end the month and quarter for Aussie stocks

View descriptionShare

It was a strong close for Australian stocks at the end of the month and quarter, with the ASX 200 rising 0.7%, marking three consecutive days of gains. The materials sector outshone others, bolstered by China's economic stimulus, pushing miners like BHP and Rio Tinto up by 11% over September. Key drivers of market performance included easing U.S. inflation and the potential for another interest rate cut in the U.S. in November. A2 Milk’s stock surged, driven by China's economic stimulus and expansion talks, while energy stocks rebounded following recent dips. Investors also closely monitored commodities, with gold falling despite a strong week.

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.

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

  1. CommSec Market Update

    736 clip(s)

CommSec Market Update

CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily exper 
Social links
Follow podcast
Recent clips
Browse 736 clip(s)