Budget day boost 📈

Posting a six-day winning streak puts the ASX back to mid-January levels ahead of tonight’s federal budget. Inverted yield curves juiced up tech names, the sector closing up 3%. Block went like a bullet, closing up 6.8%, but Telix Pharma topped that, closing up nearly 10% . Small-cap NearMap added a whopping 18% after its update. Uniti Group received a revised $5 per share proposal from the Morrison-Brookfield consortium, but closed lower at $4.66. The oil price slump hit the energy sector, Woodside and Santos both closing lower. More eye-watering was the 4% slump in Whitehaven coal. Overall, the benchmark S&P/ASX200 closed up 52 points, or 0.7%.

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