Archive - Jun 2017

Market Commentary – June 2017
Jun 30, 2017

The ASX200 index experienced a disappointing quarter falling approximately 2.5% to 5,721. The market began the quarter surging towards 6,000 points before being dragged back primarily by the four major banks. The banks experienced large share price declines between 10-20% triggered by the announcement of new taxes by the Federal Government. These banks currently account for approximately 25% of the ASX200 market capitalisation.
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