Three in a row ☘️

The local market picked up where it left off last week, logging its largest gain since January. That’s three positive days on the trot for those counting at home. Gains were evenly distributed, led by financials, energy, consumer discretionary and information technology which climbed by more than 2% apiece. Every sector finished higher. There was also no discernible difference between the performance of small and large caps. Put simply, apart from the gold sector, almost everything rallied in unison. The goldies were weighed down by a disappointing update from Evolution Mining – the latest in an increasingly long list for the sector. It was the clear laggard for the session, tumbling 21%. Ramelius Resources and Northern Start weren’t far behind, shedding 5% and 12% respectively. But losers were few and far between today. The broader S&P/ASX 200 surged 1.94%, jumping by 127 points to close at 6706.

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