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ASX 200 finishes the week near multi-month lows

Published 03/03/2023, 04:18 pm
Updated 03/03/2023, 04:20 pm
© Reuters.
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By Oliver Gray 

Investing.com - The S&P/ASX 200 added 28.2 points or 0.4% to 7,283.6 during Friday's trade, posting the fourth consecutive week of losses as market participants proved optimistic on the prospects of greater demand from China's economic recovery.

Among stocks, Materials and Energy led the gains, with Rio Tinto Ltd (ASX:RIO) adding 1.6%, BHP Group Ltd (ASX:BHP) up 0.4%, Champion Iron Ltd (ASX:CIA) adding 0.8%, while Woodside Energy Ltd (ASX:WDS) gained 0.8%, Santos Ltd (ASX:STO) lifted 1.1%, Beach Energy Ltd (ASX:BPT) added 1.4% and Viva Energy Group Ltd (ASX:VEA) gained 0.3%.

Financials partially recovered yesterday's losses of 1.8% collectively, adding 0.5% as ANZ Group Holdings Ltd (ASX:ANZ) lifted 0.8%, National Australia Bank Ltd (ASX:NAB) added 1.1%, Westpac Banking Corp (ASX:WBC) gained 0.6% and Macquarie Group Ltd (ASX:MQG) 0.4%.
Commonwealth Bank Of Australia (ASX:CBA) added 0.7%.

On the bond markets, Australia 10-Year rates were at 3.906%.

In New Zealand, the NZX 50 fell 0.3% to 11,868.8.

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