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ASX gains 1.5pc for week; CBA hits 52-week high, Bunnings to cull staff

ASX rises for a fourth straight day to a fresh six-month high. EML rockets after ousted chair, City Chic tanks, Bunnings to cull staff, CBA hits 52-week high and lithium stocks retreat.

David Rogers, Valerina Changarathil, Hayden Johnson and Matt Bell
less than 2 min read
7:12AMNovember 25, 2022.
Updated 4:55PMNovember 25, 2022
The Australian Business Network
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Local economic and corporate updates along with China’s rising Covid cases are keeping equity investors busy. Picture: Gaye Gerard
Local economic and corporate updates along with China’s rising Covid cases are keeping equity investors busy. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, November 25. The Australian sharemarket ended stronger for a fourth consecutive session to its highest close since May 30.

The ASX 200 advanced by 0.2 per cent, or 17.7 points, to 7259.50, as it rose 1.5 per cent for the week.

The dollar rallied to US67.70c at the local close.

Read related topics:ASXBunningsChina TiesClimate ChangeCommonwealth Bank Of AustraliaCoronavirus

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-to-rise-ecb-minutes-chinas-covid-surge-in-focus/live-coverage/a2f050be62dca5bcdc526ad2988f4d85