End of Day Report – Friday 21 June: ASX200 finishes the week up 72 points.

Market Updates

The ASX200 has finished the day up 27 points (0.34%) and up 72 points for the week. Utilities and Energy were the best two performing sectors on the back of last night’s oil price rise. WDS up 1% and KAR up 3.6% on a broker upgrade. Utility stocks ORG and MCY saw big gains on a double hit of rising oil price and news of European sanctions on Russian natural gas. Up 3.3% and 4.1%. Telecom up again, TLS and REA gained 1.4% and 3.2%. TLS had its best week for some time. One of the least volatile stocks on the ASX, it added 4.6%. Health Care, Tech and REITS also in the green. COH recovered 3.2% of its 4.8% drop yesterday. Industrials and Consumer Discretionary were the only sectors to finish down. The big banks closed flat save for ANZ, off 0.9%. CBA is close to overtaking BHP as Australia's most valuable company. KMD had trading halting pending news of an earnings downgrade. It lost 7.7% on resumption. GYG closed down 3.3% on its second day of trading, was down 8% at worst.
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