insto - Australian financial markets

Ben Potter, research analyst at IG Markets filed this report on Friday’s and the week’s equities markets action:

Following this morning’s weakness, the Australian market put on some strong gains during the afternoon session, closing the day higher. It’s impressive to see buyers willing to step into the market on a Friday afternoon.

The market was driven by strength among the property stocks, financials and materials stocks. The financials sector rallied close to 1.2 per cent in the last 2.5 hours of trade. There’s obviously some bullishness ahead of the US session tonight.