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Watching, waiting, anticipating 🎶
Description
Another session characterised by caution with investors unwilling to move too far in either direction with so many risk events ahead. Most sectors eked out modest gains, led by communications, technology, industrials and consumer discretionary which rose more than 1.2%. REITs rose 0.8% while financials chimed in with an increase of 0.7%. Offsetting those moves, materials and energy continued to underperform on mounting global recession fears, falling 0.6% and 1.8% respectively. Utilities also took a hit with a decline of 1.5%. The S&P/ASX 200 lifted 0.2%, or 15.3 points, to 6621.6.
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