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Weekly Wrap 1 May
On Thursday, the ASX200 closed off the month up 8.8%, the best monthly gain on record since the data set began in 1993. Not bad… almost as good as the All Ordinaries clocking off the month with a 9.5% rise – its best result since 1988. Plus, the University of Queensland and Gilead make breakthroughs in potential COVID-19 treatments.
In this week’s wrap, Jessica covers:
- Four key reasons the markets rallied (0:35)
- Energy gets a boost, rising 12% in this week’s sectors report (1:13)
- Stocks in the spotlight: (Mon-Thu) AP Eagers (ASX:APE) up 46% while ResMed (ASX:RMD) fell the most, down 6% (1:23)
- Are we back in bull territory? (2:35)
- Recalling a not-so-distant historical 20% rally in a bear market (3:12)
- Stock ideas: Bell Potter’s list of 10 recovery stocks (4:01)
