The last Trade || Could Weak US Dollar Provided Some Support To Oil Prices?

• The benchmark index ASX 200 continues its upwards trajectory at the close, after the Reserve Bank of Australia (RBA) upgraded GDP growth forecast and committed to remain “highly accommodative” until 2024. 

• On the sectoral front, seven of 11 sectors are trading in green, while Materials and Energy stocks continue to dominate market with solid gains. Other sector that are trading higher includes A-REIT, Financials, Energy, Telecommunications Services, Consumer Discretionary, and Consumer Staples.  

• Some of the worst performing sectors are Information Technology, Utilities, Health Care and Industrials.  

• Australian gold sub-index AXGD jumped as much as 3.2% on Friday, its highest since 28 April 2021. 

• Regeneus Ltd share price gained 4.35% to AU$0.12 after the company said it has managed to secure up to AUD 4.5 million in a three-stage placement of its ordinary shares to New Life Sciences Capital, a US-based investor. 

• National Australia Bank Limited trade flat with marginal gains after financial analysts raised concern that the bank faces risks from potential losses in business portfolio and higher costs. 

• The share price of SportsHero Limited rose over 6% to AU$0.320 after the company announced that it has signed a revenue sharing partnership with UK based Sportclips Limited, which has a exclusive subscriber agreement with Indosat Ooredoo, Indonesia’s second largest Telco.

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