The share market remains at a two-year high after a third straight day of gains, thanks to strong demand for financial and energy companies.
The benchmark S&P/ASX200 index rose 0.3 per cent, after rising 0.9 and 0.1 per cent in the previous two trading sessions.
CMC Markets chief market analyst Ric Spooner said the financial sector found support for a second straight day as investors expect solid financial results from the three big banks set to report in May.
“Whilst we’re not talking spectacular growth, I think the recent opportunities to increase interest rates have probably helped their margins a bit on the one hand, and on the other hand there’s no sign of any difficulties in property that’s going to cause bad debt problems,…
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