ASX 200 ends week lower; Brambles soars on upped guidance, Afterpay profit lifts Block
Shares end higher on broad gains led by tech. Brambles jumps on consensus beat. Afterpay profit rise lifts Bloc. Irish regulators targets EML. Allkem jumps on profit surge.
Welcome to the Trading Day blog for Friday, February 24. A broad-based rally on the Australian sharemarket on Friday was not enough to stop the bourse from notching up its third consecutive weekly fall as investors access the outlook for companies amid inflationary pressures and belt tightening.
The S&P/ASX 200 advanced by 0.3 per cent to 7307.00, but fell 0.5 per cent for the week.
On Wall Street, the S&P 500 firmed 0.5 per cent, the Nasdaq Composite lifted 0.7 per cent and the Dow Jones ended 0.3 per cent stronger.
The dollar was near US68.10c at the close.
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