MARKETS SPECTATOR: Retail stock-up

Bargain hunting, increased confidence in China and the US and easing political uncertainty have given the local sharemarket a boost.

Investors snapped up retail stocks such as Myer and telecommunication shares such as Telstra today after recent precipitous declines, as formerly harsh assessments of China’s economic and financial stability receded and Kevin Rudd’s second stint as prime minister hastens an election date that will remove domestic political uncertainty and bolster business confidence.


{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles