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The local market has finished the day up 0.79 per cent after a fairly buoyant session, helping the ASX200 to a weekly gain of 0.83 per cent.
Popular tech stocks Afterpay, Xero, and Nearmap were the main drivers of the sector, with all of the so-called ‘WAAAX’ stocks reporting gains on Friday, clawing back some ground after significant falls on Thursday.
Energy stocks also performed well thanks to gains in Woodside and Origin, as did materials, with a 2.6 per cent gain at major miner BHP single-handedly adding 12 points to the index.
After a boom in travel stocks on Thursday, some reported losses on Friday as analysts tempered investor expectations of the government’s $1.2 billion stimulus package. Flight Centre fell 4 per cent.
PointsBet was the day’s single biggest gainer, up 8.5 per cent, and minerals companies Oz Minerals and Mineral Resources also gained, jumping 6 and 5.4 per cent respectively.
And despite hitting a new all-time high earlier today, Bitcoin’s momentum has not been sustained, with the cryptocurrency dropping 1.8 per cent to $72,900 around 4pm.