ASX flat in quiet first session of 2020

The ASX has made marginal gains during the first day’s trade of 2020, with telco and consumer discretionary stocks helping offset a weak open by health care and industrials.

The benchmark S&P/ASX200 index finished Thursday up 6.5 points points, or 0.1 per cent, to 6,690.6 points, with the broader All Ordinaries up 7.6 points, or 0.11 per cent, to 6,810 points.

ASX has had flat start to 2020 after closing out a bumper a 2019. Credit:VINCENT THIAN

The Australian dollar hit a more than five month high of 70.32 US cents on December 31, and at 1620 AEDT Thursday it was buying 70 US cents.

By midday, banks and miners had started the new decade lower, but were the only sectors in the red after two hours of trade, with telcos leading the new year recovery session.


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