Market Close 05 May 25: An abrupt end to a 7-day winning streak

The recent winning streak has ended abruptly today, and Laura and Stevie reflect on this session which follows 7 straight days of gains.  The energy sector has weighed on local markets amid price slumps and supply changes, and the tech sector and financials have seen declines with the big banks dragging on local markets.  They discuss the recent election, Westpac’s earnings results, what to expect in the week ahead, and the stocks that caught attention including SmartPay and Qantas. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.