The S&P/ASX 200 (ASX: XJO) managed to deliver another positive week, despite finishing just 0.1% higher on Friday.
The benchmark added 0.6% over the week, pushed higher by a recovery in the healthcare sector, which added 4.7% behind CSL Limited (ASX: CSL) which was 5.7% higher despite any real news.
The Aussie market appears to be moving towards the only quality we know, being healthcare, whilst the US market heads back towards big tech.
Wesfarmers Ltd (ASX: WES) also reached another record, adding 4.8% as it stands to benefit from another round of lockdowns.
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Star withdraws Crown offer
Crown Resorts Ltd (ASX: CWN) had another tough week, falling 8.4% after Star Entertainment Group Ltd (ASX: SGR) withdrew its takeover offer, citing concerns about Crown’s license post the Royal Commission in Victoria.
Silverlake swimming
ASX gold miner Silver Lake Resources Limited (ASX: SLR) had a terrible finish to the week, falling over 11% despite achieving production guidance for both copper and gold, with a cost base of just $1,478 per oz.
Whilst the mining sector fell 1.1% for the week, lithium and nickel-related companies were the highlights after BHP’s deal with Tesla, with Pilbara Minerals Ltd (ASX: PLS) finishing 8.5% over the five days.
ASX 200 today
Looking ahead, the ASX 200 is set to push higher when the market opens on Monday. This comes following a positive lead from US markets on Friday, with all three benchmarks finishing in the green.
