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Market up 0.3% over week: Aus shares close 0.4% higher today

07 Dec 2018 – After a positive open and some rallies this morning the local bourse lost some ground in the afternoon, but still managed to close 0.4 per cent higher. This rebound comes after three days of sell offs and a 0.8 per cent decline in the iron ore price. Most of the sectors closed in positive territory, with Energy, Tech and Materials being the only sectors in the red. IOOF (ASX:IFL) shares have taken a hit today following APRA’s decision to seek Federal Court approval to disqualify three executives and two directors.

Source: Finance News Network

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