Today the market was up solidly 1%. Distribution of gains was a little odd: 50-Leaders +1.1%, Small Ordinaries +1.5%, Mid-Cap 50 0.8%. I guess somebody had to be the loser (relatively) and it was the Mid-Caps.
But - how come we have a strong up day on extremely low volume? Volume today, on an up day, was just shy of 750 million. Friday, when we had a down down, the volume was over 1300 million.
Go figure! If you believe today was bullish, I've got a great bridge for sale here in Brissie.
Cheers
Red
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