On Friday, the S&P/ASX 200 rose 2.5 percent, or 127.8 points, hitting 5,338.6 points. That’s its best single session in a year and a half.
On Friday, the S&P/ASX 200 (INDEXASX:XJO) rose 2.5 percent, or 127.8 points, hitting 5,338.6 points. That’s its best single session in a year and a half, reports The Sydney Morning Herald. All sectors rose more than 1 percent, with materials 3.1 percent higher at the market’s close.
“Thursday we had a strong start then we finished a bit weaker, Friday we had a strong start [thanks to the Fed] and it’s kept going,” Morgans senior client advisor Alistair McCorquodale told the Herald. “There’s obviously volume coming in. It’s pretty broad-based, there’s no particular sector that’s missing out.”
Base metals explorer Argosy Minerals (ASX:AGY) was a top gainer on the market, increasing 100 percent to trade at $0.002. Oil and gas explorer and producer Sun Resources (ASX:SUR) also rose by 100 percent to trade at $0.004.