Second Sydney cluster dampens ASX200 spirits into year end Second Sydney cluster dampens ASX200 spirits into year end
Tony Sycamore December 30, 2020 4:40 AM
With just one day left of trading in 2020 and for the first time in almost a decade, the ASX200 is set to finish the year without any sign of a Christmas Rally. Share:
The Christmas Rally is a term used to describe the tendency for stock markets to rally over the last weeks of December into the New Year and is thought to be fuelled by fund managers seeking to boost the performance of their favourite stocks and a desire to put money to work for the New Year.
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36 stocks surge 100-900%; midcap, smallcap outshine in last one year
About 65 percent of stocks in the BSE500 index closed in positive terrain, and more than 50 percent stocks reported at least double-digit gains since last Christmas. Sunil Shankar Matkar December 26, 2020 / 07:48 AM IST
Since Christmas 2019, market not only formed new highs but crashed to multi-year lows only to to bounce back and reach new milestones. In all, the benchmak indices logged double-digit returns.
The broader markets, which had underperformed in 2018-2019, too, joined the bulls party later in the year and reported more gains than frontliners.
The BSE Sensex and Nifty50 rallied 13 percent each, while the BSE Midcap and Smallcap indices climbed 19 percent and 32 percent respectively from Christmas 2019 to Christmas 2020. The year gone by was truly an unusual one for stock markets led by unprecedented COVID-19 crisis, where we have seen excesses on bo
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