ASX joins Wall street in record territory

As seen in the post below, the benchmark index has risen to record highs in early trade this morning.

At the time of writing, it’s up 34.3 points, or 0.5 per cent, at 6908.5.

All sectors except for materials are sitting in the green, led once again by technology and healthcare which have gained 1.2 and 1.3 per cent respectively.

Financials, consumer staples and consumer discretionary have added 0.8 per cent, industrials 0.7 per cent, energy 0.5 per cent, utilities 0.4 per cent while REITs are up 0.1 per cent.

Materials are bucking the trend this morning, falling 0.7 per cent. The big iron ore miners are leading the decline with BHP off 1 per cent at $39.63, Rio 0.9 per cent at $101.32 while Fortescue has tumbled 2.4 per cent to $10.565.

The next post may explain why they’re under the pump.


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