- ASX200 ended Friday?s session 0.45% higher at 7014.2.
- The Commonwealth Bank hit a record high share price at $97.38/share.
- Over 40 Aussies won?t fly home tomorrow after testing COVID positive.
The Australian market finished Friday?s session 0.45% higher at 7014.20 driven by strong gains in the energy sector. The key index shed 0.94% for the week.
The tech sector closed flat on Friday as strong gains for Nuix, Computershare and Afterpay balanced out a more than 4% loss for Xero.
Bitcoin continues to spiral downwards in the aftermath of Elon Musk?s Tesla announcement yesterday. The world?s largest cryptocurrency trades 2.48% lower at US$49,660.55 at 4pm AEST.
The Commonwealth Bank surged to an all-time high record price today at $97.38/share after releasing a third-quarter update earlier this week. The bank has made a cash profit after tax of $2.4 billion for the quarter, an increase of 24% over the quarterly average over the first half of FY2021.
Making headlines, around half of the seats on the repatriation flight ready to depart India will be left unoccupied after more than 40 Australians tested positive to COVID-19 meaning they and their close contacts could not fly. It is the first repatriation flight departing India to bring stranded Australians home, landing in Darwin tomorrow.
And the time has come in the US to get rid of the masks for all vaccinated Americans. The Centres for Disease Control and Prevention announced those who are fully vaccinated can remove their masks and gather indoors or outdoors without social distancing.