Market Update 27/04 – 30/04
The market has fallen back off it’s peak for the year, the local trigger funds that had initially pushed the market up 2 weeks ago have worn off their effectiveness and reality continues to set it for the market, with financials now the worst performing for year as a result of weakening asset quality and a slightly increase in NPL numbers, however on the back of oil prices increasing the industrial/resources sector has performed very well.