ASX closes above 6500 in late rally

The S&P/ASX 200 has closed above 6500 points for the first time in 11 years on another rally in financial stocks.

“European Stocks Close Higher as trade jitters fade,”, May 24, 2019. It was certainly a Gemini type of week for the stock markets of the world. That is, some markets were strong,

 · Tietto Minerals Ltd (ASX:TIE) It was in late May that West African gold explorer, Tietto Minerals reported broad high grade gold intersections at the company’s AG deposit (Abujar-Gludehi) within its Abujar Gold Project in Côte d’Ivoire, West Africa.

The benchmark S&P/ASX200 index closed up 24 points, or 0.37 per cent, to 6,500.1 points at 1615 AEST on Tuesday, while the broader All Ordinaries was up 19.7 points, or 0.3 per cent, to 6,584.4. The banking sector was the biggest gainer, up 1.71 per cent, after the Reserve Bank of Australia indicated it would likely cut interest rates, possibly as soon as June.

Australia’s S&P ASX 200 skidded 0.7% to. The mixed day in Asia followed a rally Friday in New York that pushed major U.S. stock indexes to record highs, with the S&P 500 ending above 3,000 for the.

Stocks of interest at the close of trade on the ASX on Tuesday, May 30.. ASX finishes above 6,500 in late rally. APRA suggests easing mortgage criteria to spark housing market.

2,000 affordable housing units to be built in Rugarama estate Construction of at least 2,000 affordable housing units will be launched on Friday in Nyamirambo Sector, Nyarugenge District, developers have announced. The project is under Rugarama Park Estate, a joint venture between Shelter Afrique, a pan-african housing finance institution and the Development Bank of Rwanda (BRD).

Samantha Bailey 4.15pm: asx rally rolls on The local sharemarket finished the higher for the sixth straight session, extending its rally in the wake of the federal election and APRA’s easing of.

ASX 200 has been rebounding well from late-Dec of 2018. It has been continuously climbing higher and higher in recent months. Now, it is constructing The Infamous M-Peak (Double Peak), with a very first target of 6530, then 6320.

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Citi slaps ASX 200 with target of 6500 by year. more than 5 per cent above yesterday’s closing level, and predicted the benchmark share index would rise to 6650 by mid-2020.. Even after a.

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