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The Match Out: ASX fades after getting within touching distance of all-time highs, Ramsay cops $20b takeover bid

The local market had a strong rally early in the session, coming to within 8 points of the all-time high before 11AM. Strength in the financials sector early helped carry the index, however, selling in the heavyweight sector weighed on the index as the session went on. Commodity facing.

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