S&P/ASX 200 holds on, up 24% for financial year, AGL weighs, Telstra fires

ASX 200 was up 24% for the financial year, but only gained slightly at the close. Telstra fires, while AGL Energy weighed on the index.

The sharemarket has remained resilient amid lockdowns. Picture: AAP

Welcome to the Trading Day blog for Wednesday, June 30. The ASX 200 gained solidly at the open but only just managed to hold onto gains to finish the day slightly higher. For the financial year, it was up 24%. AGL weighed, while Telstra was up more than 4pc, following fresh records on Wall Street.

The Dow added less than 0.1 per cent. The S&P 500 ticked up less than 0.1 per cent and the Nasdaq added 0.2 per cent - both new records. European stocks gained ground as investors brushed aside earlier losses in Asia. For all the latest Covid-19 developments, go to the coronavirus blog.