Connect with us

Business

Why the ASX 200 is at a 15-month high today

Published

on

The S&P/ASX 200 Index (ASX: XJO) is having another top day today as the market opens. At the time of writing, the ASX’s flagship index is up 0.96% to 6,994.4 points. That’s a 15-month high for ASX 200 shares. It’s also tantalisingly close to the psychologically potent 7,000 points mark, which the ASX 200 crossed for the first time ever in January of last year. Of course, the coronavirus pandemic made short work of that high just a month or so later, and we haven’t seen the ASX 200 climb back above 7,000 points since. But on the index’s recent momentum, it might not be too far off.

It’s a decisive move upwards for the ASX 200. The index had, until last week, been stuck in a rut of sorts since late November. That’s when…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

ASX 200 rises, Zip sinks, BOQ reports on Thursday 15 April 2021
Article feature image
Gold Coast couple’s Australian 4WD Hire company systematically lied to customers, Federal Court rules – ABC News