The Australian market rallied during early trading as markets digest the latest appointment from President Elect Donald Trump.

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ASX closes at record high

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The ASX200 has been up 0.7% after hitting a new all time intra-day high of 8,462 points. The bourse continues to trade close to record levels and analyst chatter is swirling around whether it will be a record close. The Real Estate sector has been the best performer, up 2.2%, followed by Discretionary, up 1.5%, and Health Care, up 1.45%. Financials has been the only sector to lose ground, down around a fifth of a percent.
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ASX Market Update: Index breaks intra-day record | November 25, 2024

The Australian sharemarket achieved a new record high for the second consecutive day on Monday, driven by gains in real estate stocks. The S&P/ASX 200 Index closed at 8417.60, up 0.3 per cent, or 23.8 points, surpassing Friday’s record. The index has increased nearly 3 per cent this month amid positive investor sentiment towards the incoming Trump administration. Seven out of twelve sectors saw gains, with real estate leading. Mirvac rose 3.3 pe…

ASX closes at record high

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