ASX SURGES AGAIN: Everything you need to know

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For the ninth session in a row, Australia’s ASX 200 has finished higher.

Here’s Wednesday’s final scoreboard.

  • ASX 200 5319.90 , 52.56 , 1.00%
  • All Ords 5366.40 , 50.82 , 0.96%
  • AUD/USD 0.7293 , -0.0001 , -0.01%

Aside from the All Ordinaries gold index which slid 1.94%, all sectors finished in the black with strong gains across financials, energy, industrials, telecommunications and healthcare underpinning the index throughout.

Here’s how each individual sector performed during the session.

  • A-REITS 0.36%
  • CONSUMER DISCRETIONARY 0.86%
  • CONSUMER STAPLES 0.47%
  • ENERGY 1.39%
  • FINANCIALS 1.17%
  • HEALTHCARE 1.41%
  • INDUSTRIALS 1.12%
  • INFORMATION TECHNOLOGY 0.90%
  • MATERIALS 0.15%
  • TELECOMMUNICATIONS 1.33%
  • UTILITIES 0.59%
  • ALL ORDS GOLD INDEX -1.94%

At nine, the winning streak for the index is now the longest since early February this year, helping the index trim its yearly decline to 1.68%.

From the recent low of 4909.6 struck on December 15, the index has now rallied by 8.36% in just nine sessions.

Clearly, those banking on a substantial “Santa Rally” taking place have been rewarded.

ASX 200 Hourly Chart Source: Investing.com

With the index now down only 1.68% year to date, the only question investors will now be asking themselves – aside from how they will spend New Year’s Eve – is whether the index will be able to finish the year in the black.

Although it’s still unlikely, on current form it cannot be ruled out.

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