Weekly Wrap: Winning Streak Persists as Tech, Banks Drive Aussie Shares
AbbottAbbott(US:ABT) Small Caps·2026-01-16 08:52

Despite some profit-taking in miners, the Australian share market finished up on Friday, capping off a nice winning streak.By the close of trade on Friday, gains by banks and technology stocks overwhelmed profit-taking in miners, resulting in the ASX 200 jumping 0.5%, or 42.90 points, to 8903.90.That meant the market was up 1.6% for the week after rising for five days in a row, marking the longest stretch of gains since an eight-session rise in May 2025, and the highest level reached since late October.Tech ...