ASX 200 ends week up; QBE lifts premium outlook, News Corp jumps on revenue beat
Lake Resources ends market leader. News Corp rallies on result. Gold miners fall on recession concerns. QBE drops despite improved outlook. IGO sells Mincor stake to Wyloo.
Welcome to the Trading Day blog for Friday, May 12. The Australian sharemarket snapped a three-week losing streak after it eked out a minor gain on Friday as health and tech stocks offset falls in the heavyweight materials sector.
The S&P/ASX 200 index rose 4.8 points or nearly 0.1 per cent to close at 7256.70 — narrowly avoiding a fourth straight session in the red as eight of the 11 sectors ended stronger
The dollar was near US67c at the close.
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