ASX 200 Finishes the Week Lower, Down 0.9% For the Month

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ASX 200 Finishes the Week Lower, Down 0.9% For the Month

By Oliver Gray - The S&P/ASX 200 added 78.10 points or 1.06% to 7,435.00 during Friday’s deals, continuing to rebound for the second consecutive session but finishing the week 0.5% to post the second week of losses.

Among stocks, Technology lifted 2.3% as Block Inc (ASX: SQ2 ) added 0.6%, Appen Ltd (ASX: APX ) gained 4.9%, Link Administration Holdings Ltd (ASX: LNK ) lifted 1.2%, Novonix Ltd (ASX: NVX ) added 2.2% and Brainchip Holdings Ltd (ASX: BRN ) rallied 6.5%.

Telecommunications gained 1.9% overall, with Rea Group Ltd (ASX: REA ) up 2.9%, Seek Ltd (ASX: SEK ) gaining 4.2% and Telstra Corporation Ltd. (ASX: TLS ) up 1.8%.

Financials finished 1.2% higher overall, with Macquarie Group Ltd (ASX: MQG ) up 1.8%, Australia and New Zealand Banking Group Ltd (ASX: ANZ ) adding 0.8%, National Australia Bank Ltd (ASX: NAB ) up 1.4% and Westpac Banking Corp (ASX: WBC ) lifting 1.2%.

Meantime, Origin Energy Ltd (ASX: ORG ) gained 1.9% after reporting that it more than doubled revenue from liquefied-gas exports in the past three months, while Resmed Inc (ASX: RMD ) dropped 4.1% after the group reported lower profit margins due to higher freight and manufacturing costs.

On the bond markets, Australia 10-Year rates were at 3.126% while United States 10-Year yields were at 2.842%.

In New Zealand, the NZX 50 added 0.1% to 11,884.

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