Friday buy-day 🤑

Friday well and truly lived up to its 'buy' day reputation. Finishing a solid week, with the S&P/ASX 200 up 0.45% to close at 6678. The materials stacked up again, rising 1.2% on the back of reports China is considering ramping up debt issuance to facilitate increased infrastructure investment. And, after a brutal unwind earlier in the week, big energy was purring once again, helping the broader sector gain 2.1%. Battery material names such as Pilbara Minerals, Novonix, and Liontown Resources climbed between 4.7% to 7.4%. Paladin wasn’t far behind with a 5% pop. Outside of energy and materials, most other sectors didn’t stray too far from breakeven. Life360 continued to behave like an erratic seismograph, soaring 14.3% to top the individual leader board. At the other end of the spectrum, Orora stumbled 5.9% after a broker downgrade, taking out the gong for worst performer. Embattled wealth manager Magellan dipped 3% after reporting more fund outflows in June.Our top three VODs:WAM'S SMALL SECTOR WHAMMIESWHY CHASING THEMATIC ETFS HAVE FAILEDTHREE TECH STOCKS TO GET YOUR HANDS ON Hosted on Acast. See acast.com/privacy for more information.