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ASX rebounds in afternoon trade to nearly finish up

The ASX200 rebounded in afternoon trade, nearly finishing the day in the green after a tumultuous month. The benchmark index gained 0.5% for the week and rose 3.4% in November, its best monthly gain since July. The All Ordinaries lost nine-tenths of a point to close at 8,699.1. AMP's chief economist expects a more volatile and constrained ride for investors. BHP, Fortescue, and Rio Tinto gained ground, while the big four banks mostly dropped. Select Harvest fell 5.4% and Cyclopharm rose 7.0%. The Australian dollar was buying 65.07 US cents, and Bitcoin gained 1%.

Original article source: https://www.dailymail.co.uk/wires/aap/article-14139377/ASX-rebounds-afternoon-trade-nearly-finish-up.html
Source Id: 8434230960

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