Original article by David Rogers
The Australian – Page: 20 : 9-Apr-21
Australia’s benchmark S&P/ASX 200 is within striking distance of its record high of 7,197.2 points, set in February 2020. The index reached an intra-day high of 7,012.4 points on 8 April, having gained 60 per cent since falling to a pandemic-induced low in March 2020. The index has gained three per cent in the month to date, compared with an average gain of 2.5 per cent in April. Pieter Stoltz of UBS expects cyclicals and value stocks to outperform the broader sharemarket in the near-term; he also likes stocks with overseas earnings and those with exposure to the housing and mining services sectors.
STANDARD AND POOR’S ASX 200 INDEX, UBS HOLDINGS PTY LTD